Analysts Raise Palantir Targets After 17% Slide, Citing AIP Momentum

Overview

• Citi’s Tyler Radke lifted his target to $235 and projects 70–80% revenue growth in 2026, pointing to accelerating AIP adoption and defense-budget tailwinds, including a 51% jump in government revenue.
• PhillipCapital’s Paul Chew initiated coverage at Buy with a $208 target, arguing the shares look cheaper versus Palantir’s own history as the forward P/E eases to about 170x from an October peak near 309x.
• Street consensus remains cautious with a Hold rating and an average target around $189.94, underscoring a divide between new bullish calls and broader expectations.
• Q3 revenue rose 63% year over year to $725.5 million, driven by a 121% surge in U.S. commercial sales that now make up roughly 34% of total revenue, with a Rule of 40 score cited at 114%.
• Management raised full-year guidance to about $4.4 billion in revenue (~53% growth) and reported $2.6 billion in remaining performance obligations, with Q4 results slated for Feb. 2 as the next key catalyst.