Cantor Fitzgerald Reiterates Neutral on Palantir, $138 Price Target

Cantor Fitzgerald analyst Thomas Blakey reiterated a Neutral rating and $138.00 price target on Palantir (NASDAQ: PLTR).

“We hosted Palantir CFO, David Glazer, and Chief Architect, Akshay Krishnaswamy, in Boston with investors earlier this week and came away incrementally more bullish on the company’s positioning to benefit from secular AI growth trends in both U.S.

Commercial and Government markets.

We believe Palantir continues to gain traction in emerging markets as a leading ontology and orchestration layer for Enterprise AI, with management leveraging LLMs and the company’s unique FDE GTM motion to create a deterministic, continuously updating and evolving data analytics system governing enterprise operations.

The company’s ontology acts as a real-time “digital twin,” integrating operational data, workflows, security, APIs and human inputs to ground AI-driven decisions and agentic workflows in enterprise context.

We believe the development of these mission-critical AI operations layers with increasing importance of governed observability, auditability, and workflow orchestration underscore Palantir’s stickiness and ability to expand at existing accounts and with expanding commercial verticals, per our checks, the company’s value-based pricing should continue to expand the number of new customers leveraging the platform.

In government, management remains laser-focused on driving outcomes with stable, visible growth, highlighting that while the company may not see upticks from current geopolitical events in current quarters, the strong execution and expanding system of record positioning within certain U.S. agencies secures strong, sustainable growth for the LT in this important segment.

We continue to believe Palantir remains uniquely positioned to benefit as part of an enterprise’s evolving AI orchestration layer, benefiting dynamic growth across the intelligence layer and continued AI diffusion across the economy.

We remain Neutral-rated on PLTR shares strictly due to valuation.”

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