Palantir price target raised to $180 from $178 at Loop Capital

Loop Capital raised the firm’s price target on Palantir (PLTR) to $180 from $178 and keeps a Buy rating on the shares. The company delivered another exceptionally strong quarter, with success from both its US government and commercial segments as total revenue growth accelerated again, this time to 48%, and free cash flow margins came in at 57%, pushing the company’s growth plus margin sum to 94%, the analyst tells investors in a research note. The outperformance was fueled by increased enterprise adoption of AIP – Artificial Intelligence Platform – in the US, and this represents the best in class among software companies, by far, the firm added.