Deutsche Bank Raises Palantir Price Target to $200
Deutsche Bank analyst Brad Zelnick raised the price target on Palantir (NASDAQ: PLTR) to $200.00 (from $160.00) while maintaining a Hold rating.
“Despite our admiration for the company and bias as reflected in our target price, valuation is still not quite obvious in a world that is increasingly holding software companies accountable for SBC.
At 70x EV/uFCF (DBe ’27), PLTR shares are becoming increasingly palatable in our view, though including SBC this is more like 93x and we therefore hope for a better entry point.
We do believe the possibility of Palantir growing into its multiple is becoming more likely.
Finally, we acknowledge the company’s growing $7.2bn cash hoard with a de minimis share buyback ($75mn in CY25) is attracting attention from shareholders desirous of capital returns.
We remain Hold rated almost entirely on valuation and maintain our DCF-derive TP of $200.”
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