Palantir (PLTR) rises 20% as analysts rush to upgrade stock after strong results

William Blair on Palantir (PLTR): 'we do not believe the company’s U.S. commercial momentum is sustainable'

William Blair analyst Louie DiPalma reiterated an Underperform rating and {REMOVEPT} price target on Palantir Technologies Inc. (NYSE: PLTR)

The analyst comments "Shares are trading up 15%-plus as investors are once again excited about the robust U.S. commercial revenue growth and margin expansion. Despite this enthusiasm, we expect shares to resume their recent downward trend after this earnings pop. Full year 2023 revenue actually came within the guidance range that was originally provided one year ago... More

Palantir Technologies Inc. (PLTR) PT Raised to $12 at Morgan Stanley, 'risk-reward skews negatively in our view'

Morgan Stanley analyst Keith Weiss raised the price target on Palantir Technologies Inc. (NYSE: PLTR) to $12.00 (from $9.00) while maintaining a Underweight rating.

The analyst comments "Palantir's Q4 results illustrated multiple fundamental trendlines within the company, many seeming to pull in different directions US Commercial customer adds picked up nicely in the quarter and overall billings/ bookings growth was very strong, but absent revenue catch up on two deals (Japanrelated and a federal contract) and upside on strategic investments, revenues... More

Palantir Technologies Inc. (PLTR) PT Raised to $18 at Deutsche Bank, 'maintain our Sell rating until we can gain more comfort'

(Updated - February 6, 2024 5:39 AM EST)

Deutsche Bank analyst Brad Zelnick raised the price target on Palantir Technologies Inc. (NYSE: PLTR) to $18.00 (from $12.00) while maintaining a Sell rating.

The analyst comments "Bottom line, we raise our target price to $18 (from $12)... More

Palantir Technologies Inc. (PLTR) PT Raised to $14 at Wolfe Research, 'Making FCF Dollars, But Still Not Valuation Sense'

(Updated - February 6, 2024 5:38 AM EST)

Wolfe Research analyst Alex Zukin raised the price target on Palantir Technologies Inc. (NYSE: PLTR) to $14.00 (from $11.00) while maintaining a Underperform rating.

The analyst comments "PLTR reported 4Q top and bottom line results above guidance, while initial FY24 guidance (19.6% total revenue growth, 40%+ US Commercial Rev growth, accelerating US Gov revenue, 34% FCF margin) was better than expected. Unpacking the results, total... More

Palantir Technologies Inc. (PLTR) PT Raised to $19 at DA Davidson, 'More Growth Ahead'

(Updated - February 6, 2024 5:25 AM EST)

DA Davidson analyst Gil Luria raised the price target on Palantir Technologies Inc. (NYSE: PLTR) to $19.00 (from $18.00) while maintaining a Neutral rating.

The analyst comments "Palantir reported favorable 4Q23 results again due to an... More

Citi Upgrades Palantir Technologies Inc. (PLTR) to Neutral, 'U.S. Commercial and Profitability hitting an inflection'

Citi analyst Tyler Radke upgraded Palantir Technologies Inc. (NYSE: PLTR) from Sell to Neutral with a price target of $20.00 (from $10.00).

The analyst commented: "We are upgrading shares of PLTR to Neutral/High Risk from Sell/High Risk after a stronger-than-expected Q4 and outlook... More

Jefferies Upgrades Palantir Technologies Inc. (PLTR) to Hold, ‘AI Platform Starting to Inflect’

Jefferies analyst Brent Thill upgraded Palantir Technologies Inc. (NYSE: PLTR) from Underperform to Hold with a price target of $22.00 (from $13.00).

He commented:PLTR delivered an impressive F4Q, led by backlog and US Commercial growth acceleration. The highlight was the introduction of FCF... More

Palantir (PLTR) Reports In-Line Q4 EPS, Offers Guidance

Palantir (NYSE: PLTR) reported Q4 EPS of $0.08, in-line with the analyst estimate of $0.08. Revenue for the quarter came in at $608.4 million versus the consensus estimate of $602.86 million.

GUIDANCE:

Palantir sees Q1 2024 revenue of $612-616 million, versus the consensus of $617.2... More