Truist Maintains Buy on Palantir, $223 Price Target
Truist Securities analyst Arvind Ramnani reiterated a Buy rating and $223.00 price target on Palantir (NASDAQ: PLTR).
“Palantir delivered another material beat-and-raise, reinforcing its positioning as critical infrastructure layer for enterprise AI.
While shares are down -18% YTD (vs. -16% for IGV), we see a growing disconnect between Palantir’s accelerating fundamentals and the broader software cohort.
Palantir’s revenue growth has now accelerated for 11 consecutive quarters to 85% y/y, compared to decel to mid-teens for the software median.
Over this period, Palantir has also expanded operating margins by ~35%, vs. 23% op. margins for the median 2026E software peer.
While we acknowledge a high valuation, we continue to argue PLTR warrants a premium as a best-in-class AI asset.”
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