Buzz-Street View: Palantir's growth case remains intact despite valuation debate
PLTR•Palantir raises full-year revenue forecast again
Data analytics software provider Palantir Technologies PLTR.O on Monday raised its full-year revenue forecast once again, reflecting robust demand for its software from both government and commercial customers.
Shares were up 15.6% at $145.10 in premarket trading, and the stock is poised to add about $47.2 billion in market value if gains hold.
Analysts focus on growth, execution and valuation
- Piper Sandler (
overweight, PT: $230) said it remains very bullish on PLTR's growth prospects across both its government and commercial businesses. - Jefferies (
underperform, PT: $80) said PLTR's government and commercial businesses remain key strengths, helping the company turn strong demand into deployments and larger customer contracts. - Morningstar (fair value: $153) believes the key debate is not PLTR's business quality, but whether its growth can stay strong enough to withstand valuation multiple compression, and it believes the company can deliver.
- D.A. Davidson (
buy, PT: $200) said, "overall, PLTR is executing well and continuing to invest further in its leading platform, becoming a quintessential AI company".
