Baird Reiterates Outperform on Palantir, $200 Price Target
Baird analyst William Power reiterated an Outperform rating and $200.00 price target on Palantir (NASDAQ: PLTR).
“Expecting another strong quarter. PLTR reports Q1 results Monday 5/4.
We expect strong Q1 results (revenue growth likely accelerates for the 11th consecutive quarter), supported by likely upside in US Commercial and US Government.
Looking ahead, we believe 2026/2027 numbers continue to move higher (we’re anchoring to $7.5 billion of FCF in 2027 as a reasonable upside case, vs. our current $5.76 billion estimate), and think the stock’s recent digestion period presents a good opportunity to purchase a premier growth asset that continues to grow into its valuation.”
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