Palantir Technologies (PLTR) Price Target Raised to $225 by Citi
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowCiti raised its price target on Palantir Technologies Inc. (PLTR) to $225 from $210 while maintaining a Buy rating, following a robust first-quarter earnings report. The company reported an 85% increase in total revenue to $1.633 billion, with U.S. revenue up 104% at $1.282 billion, driven by an 84% rise in U.S. government revenue to $687 million. Analysts project a revenue guidance between $7.650 billion and $7.662 billion for the year and $1.797 billion to $1.801 billion for the second quarter. This positive outlook may impact market perception and investor sentiment towards PLTR.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Palantir Technologies Inc. (PLTR)
Palantir Technologies makes data-analytics and AI software for governments and enterprises.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier PLTR news
- Palantir (PLTR) Q1 Earnings: Revenue Up 84.4% to $1.63 Billion
- Premarket Stock Movements: Palantir (PLTR), PayPal (PYPL), Intel (INTC)
- Palantir (PLTR) Receives Strong Guidance Raise from Wedbush
- Palantir (PLTR) Reports 85% Revenue Growth, Tops Q1 Estimates
- Palantir (PLTR) AI Revenue Potential for Software Stocks
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