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Morgan Stanley raised its price target from $205 to $233 but kept its rating at equalweight, which means they expect the stock to perform in line with the rest of the market. The firm is acknowledging the company's growth while remaining cautious about its current valuation. This adjustment follows a week of several target increases from other firms. It suggests that while analysts are impressed by the company's recent performance, they are still debating whether the stock price already reflects that success.
Source: Finbold
Raymond James set a new price target of $255, suggesting the stock has significant room to rise from its current level of about $155. This move comes as several analysts adjust their expectations after the company's latest quarterly results. While one firm's target is just an estimate, the average target across all analysts has moved to $221. This indicates a general shift in how Wall Street views the company's value as its commercial business continues to grow faster than its government contracts.
Source: Raymond James
Palantir is partnering with South Korean footwear maker Changshin to use its Foundry and AI platforms to link development and factory operations. The goal is to give teams better visibility into the entire process, from the initial sample planning through the final production in the factory.
This deal shows that Palantir's strategy of using "bootcamps", short, hands-on sessions where potential customers test the software, is working to win over manufacturing companies outside the U.S. While the company is famous for its government work, its growth now depends on proving that its data tools are just as useful for running a factory floor as they are for intelligence work.
Source: Business Wire
After Palantir reported its November results, we updated our fair value. We changed our rating from Buy to Watch. We raised our expectations for revenue and profit after sales to American businesses grew by 148% over the past year. We added the risks of data privacy legal challenges in Europe and the specific demand for government-controlled artificial intelligence to what we track.
Truist Financial set a $250 price target for the stock on Tuesday. This is higher than the current price of about $178 and sits above the average analyst target of $217. RBC Capital also updated its outlook today with a much lower target of $130. These moves follow a quarter where the company's U.S. commercial business grew faster than its government work for the first time. While analysts disagree on the exact value of the stock, the broad range of targets shows the market is still trying to price in how fast the company can scale its software across large businesses.
Source: Truist Financial
Management has cleared its own bar for eight straight quarters, and the widening gap between its targets and actual results shows the business is outrunning even its own forecasts.
| Expectation | |
|---|---|
| EPS | $0.48 |
| Revenue | $2.67B |