Cantor Fitzgerald Raises Palantir Price Target to $156
Cantor Fitzgerald analyst Thomas Blakey raised the price target on Palantir (NASDAQ: PLTR) to $156 (from $138) while maintaining a Neutral rating.
“growth, driven by US Commercial, is supported by expectations for continued NDR expansion as both large and relatively smaller new customers broadly continue to expand use cases on the platform as Palantir delivers value from tokens.
Provided the companies scale and accelerating growth ambitions, Palantir is set to expand opex in 3Q26 and likely 2H26 while ramping partnerships and GTM investment to drive growth, introducing incremental execution risk, in our view, against a backdrop of significant accelerating performance.
We continue to believe Palantir remains a leading beneficiary of secular AI growth trends, delivering tangible value for customers, evidenced by industry-leading accelerating growth and profitability.
We raise our C26 forecasts in line with guide, and our C27/C28 estimates given accelerating fundamentals that may prove to be conservative given management commentary on the call.
Our higher estimates lead us to increase our PT to $156 (from $138) and we reiterate our Neutral rating given our PT represents a premium 30x C27E revenue and 54x CY27E FCF.”
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