Rosenblatt Raises Palantir Price Target to $260 Ahead of Q3 Results
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Rosenblatt Securities set a $260 price target for Palantir, up from $225, while the enterprise software company prepares to report third-quarter results after the U.S. market closes Nov. 2. Rosenblatt has a Buy rating on Palantir. Analyst John McPeake wrote in a Monday note, “Checks suggest continued strong growth, we expect upside.” He said scaled enterprise AI deployments could help Palantir add customers and maintain its net revenue retention rate. Palantir’s revenue for the quarter ended June 30 was $1.935 billion, up 93% from a year earlier. The company’s third-quarter revenue forecast is $2.160 billion to $2.164 billion.
Source: TokenPost
