Palantir stock price target raised to $201 from $182 at Piper Sandler

Investing.com - Piper Sandler has raised its price target on Palantir Technologies Inc. (NASDAQ:PLTR) to $201.00 from $182.00 while maintaining an Overweight rating on the stock. The company’s stock, currently trading at $177.21, has delivered an impressive 134.31% return year-to-date, approaching its 52-week high of $190.

The research firm cited Palantir’s strong revenue visibility, pointing to more than $7 billion in defined contract value plus an estimated $4 billion in IDIQ (Indefinite Delivery, Indefinite Quantity) contract value. According to InvestingPro data, the company maintains impressive gross profit margins of 80.03% and has achieved 38.79% revenue growth in the last twelve months.

Piper Sandler highlighted the company’s accelerating triple-digit growth in Commercial bookings year-to-date as a key factor in its bullish outlook.

The firm also emphasized Palantir’s "unparalleled wallet share opportunity" across $1 trillion of U.S. Defense Spending, suggesting the company could potentially multiply its current government business by two to three times while still remaining significantly smaller than major defense contractors.

While acknowledging that Palantir’s current valuation "leaves no margin for error," Piper Sandler stated it does not see a catalyst to halt the company’s momentum, arguing that Palantir "has not reached peak growth." Based on InvestingPro’s Fair Value analysis, the stock appears to be trading above its intrinsic value, though subscribers can access 19 additional ProTips and comprehensive valuation metrics for deeper insights.

In other recent news, Palantir Technologies Inc . announced a multi-year partnership with OneMedNet Corp to enhance healthcare AI and Real-World Data analytics. This collaboration aims to integrate Palantir’s Artificial Intelligence Platform with OneMedNet’s iRWD™ provider network, offering life sciences and medical organizations access to anonymized clinical data and advanced analytics. Additionally, Palantir has entered into a partnership with Boeing Defense, Space & Security to accelerate AI adoption in defense and classified programs, utilizing its Foundry platform to streamline complex systems.

In corporate governance developments, Surf Air Mobility Inc. appointed Shawn Pelsinger, a former Palantir executive, to its Board of Directors. Meanwhile, Lambda, a cloud infrastructure provider, has appointed Heather Planishek as Audit Chair on its Board. Planishek previously served as Chief Accounting Officer at Palantir Technologies.

In other industry news, Vivace Corporation has been selected to manufacture the primary structure for the Starlab space station, a project led by Voyager Technologies. This structure is expected to be one of the largest spaceflight structures ever developed, marking a significant milestone in commercial space endeavors.

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