Loop Capital Lowers Palantir Price Target to $125

Loop Capital analyst Mark Schappel lowered the price target on Palantir Technologies Inc.

(NASDAQ: PLTR) to $125 (from $141) while maintaining a Buy rating.

“We recently met privately with Palantir CFO David Glazer and members of his finance team where we had an opportunity to view an AIP product demonstration and discuss current AI industry trends, the competitive environment, the direction of spend, and the firm’s unique ‘bootcamp’ go-to-market model.

While the purpose of our meeting was introductory and to gain a better understanding of the firm’s business model, product direction, and go-to-market approach, we came away from our meeting with increasing conviction in our Buy rating and core investment thesis — that Palantir is an early software leader in enterprise AI, which we believe is at a tipping point as small-scale pilot programs move into production and as AI use cases grow exponentially across all industries.”

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.