Cantor Fitzgerald Increases Palantir’s Price Target to $198

Cantor Fitzgerald analyst Thomas Blakey raised the price target on Palantir to $198 (from $155) while maintaining a Neutral rating.

“We reiterate our Neutral rating on PLTR shares but increase our PT to $198 (from $155), or 80x C26E EV/R (from 70x), given our increased rev/profit forecasts post a record guidance beat in 3Q.

Revenue beat Visible Alpha Consensus by 8% in 3Q25 (9% vs midpoint of guide) driven by 11.5% beat in Commercial (46% rev), growing 73% y/y, driven further by a 15% beat in US Commercial (34% rev), growing 122% y/y…

We continue to be impressed with Palantir, its products, its FDE-driven business model, and execution, and our checks continue to come back equally impressive highlighting the company’s unique position to benefit from enterprise and government use of AI technologies.

Our Neutral rating is only informed by relative valuation (PLTR shares trade ~5x higher vs our infrastructure software coverage median on C26E EV/R/G basis).”

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