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Investing.com - Freedom Capital Markets raised its price target on Palantir Technologies Inc. (NASDAQ:PLTR) to $170.00 from $125.00 on Thursday, while maintaining a Sell rating on the stock. The data analytics company currently trades at a P/E ratio of 415, with a market capitalization of $416.34 billion.
The price target adjustment follows Palantir’s Q3 2025 results, which exceeded both guidance and analyst expectations. The company reported significant acceleration in U.S. Commercial growth, which increased 121% year-over-year, driven by record bookings and rapid adoption of its Artificial Intelligence Platform (AIP). This performance contributes to Palantir’s impressive overall revenue growth of 47.23% over the last twelve months.
Despite the strong quarterly performance, Freedom Capital noted that European operations remained flat. Management provided Q4 guidance above investor expectations and raised its full-year 2025 outlook.
Freedom Capital’s analysis highlighted potential 2026 risks for Palantir, including a possible growth slowdown in U.S. Commercial after a record year, potential defense budget pressure, and margin headwinds from AI hiring initiatives.
The firm justified its maintained Sell rating by citing Palantir’s "elevated valuation," which it believes implies embedded hypergrowth that is "unlikely to persist indefinitely," despite acknowledging the company’s sustained near-term momentum. InvestingPro analysis suggests Palantir is currently overvalued compared to its Fair Value, with multiple ProTips highlighting its high trading multiples across earnings, revenue, and EBITDA. Investors seeking deeper insights can access the comprehensive Pro Research Report, part of the analysis available for 1,400+ US equities on InvestingPro.
In other recent news, Palantir Technologies reported impressive third-quarter results with revenue reaching $1.181 billion, marking a 63% increase year-over-year and surpassing consensus estimates by about 10%. The company achieved an adjusted operating income of $601 million with a 51% margin, alongside an adjusted free cash flow of $540 million with a 46% margin. In light of these results, DA Davidson raised its price target for Palantir to $215, citing strong demand for AI solutions in the U.S. However, Raymond James maintained its Market Perform rating on the stock despite the strong financial performance. Additionally, Palantir has partnered with Stagwell to develop an AI-driven marketing platform aimed at improving marketing ROI for enterprise clients. This new solution integrates Palantir’s Foundry software with other proprietary technologies to optimize marketing activities.
Meanwhile, Surf Air Mobility has secured $100 million in strategic financing to develop its SurfOS software platform and refinance existing debt. The financing includes a $74 million zero-coupon convertible note and $26 million in new equity investments. These developments reflect ongoing strategic initiatives and partnerships within these companies.
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