William Blair analyst Louie DiPalma has maintained their neutral stance on PLTR stock, giving a Hold rating on October 28.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Louie DiPalma has given his Hold rating due to a combination of factors influencing Palantir Technologies’ current market position. The company demonstrated impressive revenue growth of 63% in the third quarter, surpassing expectations, and showed a strong adjusted operating margin of 51%. However, the modest increase in free cash flow guidance by only $100 million, compared to previous quarters, may have tempered investor enthusiasm.
Despite the positive momentum from the AI industry and robust performance in both government and commercial sectors, potential risks such as political uncertainties and rising competition from companies like OpenAI and Databricks pose challenges. These factors contribute to a cautious outlook, justifying the Hold rating as investors weigh the potential for future growth against these risks.
In another report released on October 28, Citi also maintained a Hold rating on the stock with a $190.00 price target.