Palantir price target raised to $170 from $115 at DA Davidson

DA Davidson analyst Gil Luria raised the firm’s price target on Palantir (PLTR) to $170 from $115 and keeps a Neutral rating on the shares. The company reported another outstanding quarter with revenue growth accelerating further due to parabolic U.S. demand for AI solutions, the analyst tells investors in a research note. Palantir remains well positioned to benefit from helping customers effectively utilize LLMs through its Ontology, the firm added.