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Investing.com - Cantor Fitzgerald raised its price target on Palantir Technologies Inc . (NASDAQ:PLTR) to $155.00 from $110.00 on Tuesday, while maintaining a Neutral rating on the stock. According to InvestingPro analysis, the stock appears overvalued at current levels, trading at a P/E ratio of 686x and having delivered an impressive 567% return over the past year.
The price target increase follows Palantir’s record-breaking performance, particularly in its U.S. Commercial segment, which beat Street expectations by 15%. The new target represents 70x C26E revenue, up from the previous 55x multiple.
Palantir’s management guidance for U.S. Commercial business suggests sustained growth of approximately 90%, despite strong comparisons expected in the second half of 2024. The company reported record total contract value bookings and remaining deal value.
The firm noted Palantir’s increasing focus on the U.S. region, which Cantor Fitzgerald now models to reach nearly 80% of revenue by the end of 2026, up from its previous forecast of 75%. International business missed expectations, marked by a second consecutive decline in Commercial revenue.
Palantir achieved a "Rule of 94" metric in Q2 2025, with guidance suggesting a "Rule of 95%" for Q3 2025 and a "Rule of 91" for the full calendar year 2025, demonstrating the company’s continued leadership in leveraging AI growth trends.
In other recent news, Palantir Technologies Inc. reported a significant 48% year-over-year revenue growth in its latest quarterly results, reaching $1,004 million, which exceeded consensus estimates by about 7%. This marks the company’s eighth consecutive quarter of accelerating revenue growth. Analysts have responded positively, with Baird raising its price target for Palantir to $170, highlighting the company’s consistent revenue growth. Loop Capital also increased its price target to $180, citing strong AI growth and exceptional free cash flow margins of 57%. UBS raised its target to $165, noting Palantir’s impressive revenue trajectory and its scale reaching $4 billion. Goldman Sachs adjusted its price target to $141, emphasizing the company’s success in capturing enterprise customers for AI strategy execution. Lastly, RBC Capital raised its target to $45, despite maintaining an Underperform rating, acknowledging the company’s strong quarterly performance. These developments reflect a broad acknowledgment of Palantir’s robust growth and strategic positioning in the AI sector.
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