Palantir price target raised to $155 from $98 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Palantir (PLTR) to $155 from $98 and keeps an Equal Weight rating on the shares. Palantir accelerated growth for the eighth quarter in a row in Q2, notes the analyst, who adds that Q3 revenue guidance targeting 50% year-over-year growth and FY25 revenue growth guidance raised to 45% underscores Palantir’s “status as one of the clear AI winners.”