Palantir price target raised to $7.50 from $6 at Wolfe Research

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.