Citi raises Palantir stock price target
Photo: Finbold
Citi raised its Palantir (NASDAQ: PLTR ) stock price target from $245 to $250 and kept a “Buy” rating on the software company on Thursday, October 22. The upgrade came as part of an earnings preview, and the bank now expects Palantir to post “strong upside” to estimates on U.S. government and commercial business ventures. Representing roughly 24% upside from the last closing price of $201, the price target is among the most bullish Wall Street projections Palantir received over the past few months, the highest of which was Barclays’ $265.
Source: Finbold
