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On Tuesday, Jefferies analyst Brent Thill increased the price target on Palantir Technologies Inc . (NASDAQ:PLTR) shares to $60 from the previous $28, while continuing to recommend an Underperform rating on the stock. Currently trading at $83.74 and near its 52-week high of $85.22, Palantir has delivered an extraordinary 392% return over the past year, according to InvestingPro data. Thill acknowledged Palantir’s impressive fourth-quarter performance, which featured a record revenue beat and growth acceleration in most top-line metrics.
Palantir’s fourth quarter showcased notable achievements with a rule of 81, indicating a 36% year-over-year revenue growth coupled with a 45% operating margin. The analyst pointed out the company’s robust fundamentals and expressed a positive view on the increasing momentum within the U.S. market. InvestingPro data reveals an impressive gross profit margin of 81.1% and strong financial health metrics, with 18 additional ProTips available to subscribers.
Despite the positive elements, Thill remarked that Palantir’s revenue guidance for the calendar year 2025 suggests a 31% growth, which is only slightly higher than the 29% growth projected for the calendar year 2024. According to Thill, for Palantir to maintain its current stock price, it would need to accelerate its growth to 50% over four years and trade at 18 times its calendar year 2028 estimated revenues.
The revised price target of $60 is based on 30 times Palantir’s estimated revenues for the calendar year 2026. Thill’s analysis concludes with a maintained Underperform rating despite the increased price target, reflecting a cautious stance on the stock’s future performance in relation to the company’s growth projections.
In other recent news, Palantir Technologies has seen several significant developments. DA Davidson has increased its price target for Palantir to $105 while maintaining a neutral rating. The adjustment was made after Palantir reported a strong quarter, with revenue growth gaining momentum due to robust demand in the United States for artificial intelligence solutions. BofA Securities also raised its price target for Palantir to $90 from the previous $75, maintaining a Buy rating. Meanwhile, Citi analysts retained their Neutral rating and $42.00 price target for Palantir, and Jefferies maintained its Underperform rating with a steady price target of $28.00.
Palantir’s fourth-quarter earnings estimates were revised due to the vesting of approximately $120 million in stock appreciation rights. However, projections for adjusted EBITDA and adjusted earnings per share remain unchanged. The company also secured a significant contract with the U.S. Army, valued at approximately $400.7 million.
In related developments, Chinese AI startup DeepSeek’s chatbot was found to have a low accuracy rate in delivering news, according to an audit by NewsGuard. Despite this, the chatbot quickly became the most downloaded app in Apple (NASDAQ:AAPL)’s App Store. These are some of the recent developments involving Palantir Technologies and DeepSeek.
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