Baird Upgrades Palantir to Outperform

Baird analyst William Power upgraded Palantir (NASDAQ: PLTR) from Neutral to Outperform.

“the tenth consecutive quarter of accelerating total revenue growth (+70% vs. +63% in Q3), driven by U.S. commercial upside.”

“The free cash flow inflection, and arguably attractive (not a typo) FCF multiple on 2027 upside scenarios, pushes us into the ‘buy’ camp.”

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