Overview
- Citi Research raised Palantir to Buy with a $235 target, citing accelerating enterprise AI adoption, traction for AI agents, and expectations for faster government growth including a 51% jump in fiscal 2026.
- Truist recently initiated coverage at Buy with a $223 target, highlighting 63% year-over-year Q3 revenue growth, operating margins above 50%, and a Rule-of-40 profile well over 100.
- Despite a 135% gain in 2025, many analysts remain wary of the valuation, with surveys showing only four Buys out of 25 and multiples ranging from roughly 178x forward earnings to over 400x trailing.
- Short-term swings intensified after Jim Cramer’s bullish post coincided with an intraday drop of about 3.5%, even as traditional defense stocks jumped on the president’s call for a 50% 2027 military budget increase.
- Shares had climbed earlier on investor speculation linking Palantir’s platforms to a U.S.-led operation in Venezuela, which the company has not confirmed, with Q4 results scheduled for February 18 as the next major update.