Palantir price target raised to $50 from $45 at RBC Capital

RBC Capital raised the firm’s price target on Palantir (PLTR) to $50 from $45 but keeps an Underperform rating on the shares. The company reported a strong quarter, with revenue growth of 63% y/y and Rulf of 40 of 114%, though its results remain overwhelmingly U.S.-centric, with international performance stagnant and bookings heavily skewed toward multi-year U.S. commercial Al contracts that may pull forward demand, the analyst tells investors in a research note. Profitability remains strong, but there is limited visibility into normalized growth once these early AIP – Artificial Intelligence Platform – deployments mature, the firm added.