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<Research> Citi Cuts PLTR (PLTR.US) TP to USD210, Sees Continued Strong Momentum in US Government and Commercial Segments in 1Q
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Citi published a report expecting strong momentum to continue in the first quarter for big data analytics software company Palantir Technologies (PLTR.US) across its US government and commercial segments. Following major contract renewals with Airbus and Stellantis, the company has also made further progress in its international business. Government-related news during the quarter pointed to solid performance in the US business, including a major contract with the US Department of Agriculture (USDA) and a USD1 billion contract with the Department of Homeland Security (DHS), alongside an expansion of the Maven project. The bank noted that its communication with PLTR management during the quarter further confirmed sustained strength in both commercial and government operations. It believes this will drive another quarter of accelerating growth for the company, with growth having 4-5 ppts of upside potential in the first quarter and FY2026. Citi further raised its earnings forecasts for PLTR. However, due to a recent compression in valuation multiples across the software sector, it lowered the TP from USD260 to USD210, while reiterating its "Buy / High Risk" rating. The bank believes that as AI adoption continues to expand across enterprises, PLTR remains one of the most representative beneficiaries in the AI space. (ha/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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