Wall Street updates its price targets on Palantir $PLTR following strong Q3 earnings, with 96% revenue growth fueling optimism despite concerns over bookings and valuation:
Truist: $223 → $250 (Buy) – AI monetization drives accelerating growth and expanding margins.
Citi: $250 → $265 (Buy) – Exceptional revenue growth fueled by U.S. commercial and government demand.
Piper Sandler: $231 → $235 (Overweight) – Strong enterprise AI demand, but slower bookings growth warrants monitoring.
Morgan Stanley: $205 → $233 (Equal Weight) – Impressive revenue acceleration, but weaker bookings temper enthusiasm.
Jefferies: $80 (Underperform) – Maintains target; tougher comparisons and elevated valuation raise concerns about sustaining growth.
RBC Capital: $90 → $130 (Underperform) – Strong revenue growth, but flat backlog metrics and shorter contracts raise concerns.
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