William Blair analyst Louie DiPalma has reiterated their neutral stance on PLTR stock, giving a Hold rating today.
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Louie DiPalma has given his Hold rating due to a combination of factors influencing Palantir Technologies’ performance. The company has demonstrated impressive revenue growth, particularly in the U.S. government sector, and has benefited from the momentum in the AI industry. However, despite these positive developments, there are concerns about increased competition from other AI and LLM providers such as OpenAI and Anthropic, which could impact Palantir’s future performance.
Additionally, while Palantir’s U.S. commercial revenue has shown significant acceleration, the international commercial segment continues to face challenges. Although these challenges have been relatively minor compared to the company’s overall success, they contribute to a cautious outlook. The record high in second-quarter bookings and raised full-year guidance are promising, but the potential risks from competitors warrant a Hold rating at this time.
According to TipRanks, DiPalma is an analyst with an average return of -3.0% and a 65.03% success rate. DiPalma covers the Technology sector, focusing on stocks such as Palantir Technologies, Caci International, and ViaSat.
In another report released today, Cantor Fitzgerald also maintained a Hold rating on the stock with a $155.00 price target.