Rosenblatt has reiterated a Buy rating and $225 price target for Palantir Technologies (NASDAQ:PLTR) following a company visit and partner call.
Analysts met with Palantir CFO David Glazer, Chief Architect Akshay Krishnaswamy, and Head of Strategic Initiatives Cary Li at the New York offices. They also held a call with FoxTrot, a key implementation partner.
The firm expressed increased conviction that Palantir can reach a $1 trillion market cap within five years, implying a $415 target. The AIP/Foundry platform was described as an optimizer of multiple large language models.
FoxTrot's business is expected to at least triple this year. Palantir shares are down 24% year-to-date, but a PEG ratio of 0.5 suggests attractive valuation. Gross margin stands at 84% with 68% revenue growth. Bond.az analysis suggests the stock may be overvalued.
