Loop Capital Raises Palantir Price Target to $180

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

(NASDAQ: PLTR) to $180 (from $178) while maintaining a Buy rating.

“Palantir delivered another exceptionally strong quarter, with success from both its US government and commercial segments.

Putting some numbers to this, total revenue growth accelerated again, this time to 48%, and free cash flow margins came in at 57%, pushing the company’s growth plus margin sum to 94%, which is best in class among software companies, by far.

The outperformance was fueled by increased enterprise adoption of AIP in the US, a steady stream of new federal government contracts, and Palantir’s continued ability to execute at scale.

Most notably, management raised full-year revenue guidance, increasing the midpoint from 36% to 45% year-over-year growth, alongside growing profitability.

While shares rose only 4% after hours—likely due to the stock’s strong run-up into the print—the exceptional results and guide speak for themselves.

We continue to believe Palantir is uniquely positioned to benefit from the accelerating adoption of enterprise AI and the ongoing digital transformation and modernization within the government sector.

For investors seeking exposure to this dynamic, Palantir stands out as the clear — and arguably only — pure-play public software option, a fact reflected in its eyepopping valuation.

We recommend maintaining at least a starter position and suggest adding on pullbacks. We are raising our estimates and reiterating our Buy rating.”

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