Loop Capital Reiterates Buy on Palantir, $220 Price Target

Loop Capital analyst Mark Schappel reiterated a Buy rating and $220.00 price target on Palantir (NASDAQ: PLTR).

“Much as we expected and previewed, Palantir exceeded the mark again with 1Q performance outstripping expectations across every key priority: US commercial, government traction, and large deal adoption.

Putting some numbers to this, total revenue accelerated again, this time to 85% and was 6% ahead of the consensus, the firm added a record 47 new $10M + deals, NRR ticked up to a record 150%, operating margins came in at 60%, and the firm earned an industry-leading Rule of 145 score for the quarter.

While the upside was broad based across its US business, once again, U.S.

Commercial remains the primary growth engine, surging 133% for the third straight quarter of triple-digit growth, fueled by rapid enterprise AI adoption and an expansion motion that continues to scale customers faster and larger than anticipated.

Bringing this to the stock, which was off 2% after hours, you can gripe about valuation (31x EV/Rev and 54x EV/FCF on 2027E), and that’s legitimate, but It’s hard to poke holes in the fundamentals, which are arguably the best in software.

Palantir remains a uniquely positioned category leader in enterprise AI and government/defense modernization, consistently delivering best-in-class growth and profitability (Rule of 145 in Q1).

For investors seeking exposure to this dynamic, we believe the fundamental momentum justifies the premium.”

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.