Wolfe Research analyst Alex Zukin raised the firm’s price target on Palantir to $7.50 from $6 and keeps an Underperform rating on the shares. The company reported Q2 results with smaller top and bottom line beats, while modestly raising fiscal 2023 margin estimates, the analyst tells investors in a research note. The firm says key metrics including Commercial and Government revenue continue to deteriorate, while forward-looking key performance indications are showing moderating growth.
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 today’s best-performing 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 reported ‘underwhelming growth’ in Q2, says Citi
- Palantir up 2% at $18.34 after above-consensus guidance, new buyback
- Palantir (NYSE:PLTR) Ticks Higher as Earnings Meet Expectations