Citi raised the firm’s price target on Palantir (PLTR) to $110 from $42 and keeps a Neutral rating on the shares. The company posted “another impressive all around beat” with most key performance indicators reaccelerating, driven by strength in U.S. despite tough compares, the analyst tells investors in a research note. The firm says Palantir’s bookings metrics improved substantially with U.S.-commercial notching triple-digit growth. However, it keeps a Neutral rating on the stock, noting there was likely some non-repeatable budget flush in Q4 and now hitting softer Q1 seasonality.
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