Procore stock price target raised to $90 from Goldman Sachs on stabilizing growth
Investing.com - Jefferies has increased its price target on Palantir Technologies Inc. (NASDAQ:PLTR) to $70.00 from $60.00 while maintaining an Underperform rating on the stock. The data analytics company’s shares currently trade at $207.18, just shy of its 52-week high of $207.52, with InvestingPro analysis indicating the stock is significantly overvalued compared to its Fair Value.
The price target adjustment follows Palantir’s strong quarterly results, which showed total revenue growth accelerating to 63% year-over-year, up from 48% in the previous quarter.
US commercial growth was particularly robust, reaching 121% year-over-year compared to 93% in the prior quarter, demonstrating booming domestic demand for the company’s services.
Palantir has raised its CY25 guidance, now projecting 54% total revenue growth (up from 45% previously), 104% US commercial growth (up from 85%), and operating margin of 49% (improved from 46%).
Despite the positive results, Jefferies expressed concerns about Palantir’s valuation at 83 times CY26 estimated revenue, noting a preference for other AI investments such as Microsoft and Snowflake.
In other recent news, Palantir Technologies reported its third-quarter 2025 earnings, significantly surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of $0.21, outperforming the forecasted $0.17, which marks a 23.53% surprise. Revenue also exceeded predictions, reaching $1.181 billion compared to the anticipated $1.09 billion, representing an 8.26% surprise. This performance has drawn attention from analysts, with Mizuho raising its price target for Palantir to $205 from $165, citing "stellar" third-quarter results and 63% year-over-year revenue growth. RBC Capital also adjusted its price target to $50 from $45, maintaining an Underperform rating but acknowledging the company’s strong quarterly performance. These developments highlight Palantir’s robust financial results, which continue to attract investor interest and analyst attention.
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