Raymond James analyst Brian Gesuale raised the firm’s price target on Palantir to $22 from $18 and keeps an Outperform rating on the shares. Palantir reported a “solid” Q2, raised guidance, and expects profitable quarters through 2023, the analyst tells investors in a research note. The firm says the company is building AIP customer momentum faster than its 2025 high-on-the Street model contemplated and the stock should move higher.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PLTR:
- Palantir Technologies (NASDAQ:PLTR): Strong Q2 Results Signal Upside. Forget the Buybacks
- Palantir (NYSE:PLTR) Tumbles amid Mixed Wall Street Commentary
- Palantir price target raised to $7.50 from $6 at Wolfe Research
- Palantir price target raised to $16 from $14 at Mizuho
- Palantir reported ‘underwhelming growth’ in Q2, says Citi