Overview
- Oppenheimer, which began coverage Thursday, set a $200 target and said Palantir’s Ontology software design locks in customers by tying data and workflows to AI applications.
- Shares are down about 22% this year near $139, and the stock’s forward earnings multiple has eased from roughly 179x to about 94x as the Street’s average 12‑month target sits near $191.74.
- RBC kept a $90 Underperform and flagged two straight quarters of falling U.S. government contract value and negative net new contracts, warning that competition from Microsoft, Databricks, Snowflake, OpenAI and Anthropic is rising.
- A recent roughly $300 million multi‑year agreement with the U.S. Department of Agriculture expands Palantir’s federal footprint and aims to unify farm program data, cut fraud, and speed payments like disaster relief to farmers.
- Q1 results due May 4 carry consensus estimates of about $1.54 billion in revenue and $0.28 adjusted EPS, with investors watching U.S. commercial growth and any change to 2026 guidance after last year’s rapid acceleration.