Palantir price target raised to $24 from $19 at DA Davidson

DA Davidson raised the firm’s price target on Palantir to $24 from $19 and keeps a Neutral rating on the shares. The company reported a “solid” Q1 that was highlighted by better than expected results and driven by further operating margin expansion and growth within U.S. Commercial revenue, the analyst tells investors in a research note. The company is only beginning to leverage their AIP boot camps to help drive new logos as well as existing customer expansion, which the management believes will contribute significantly towards commercial revenue growth, the firm added.