StoneX Reaffirms Hold on Palantir

StoneX analyst Yi Fu Lee reiterated a Hold rating on Palantir (NASDAQ: PLTR).

“We reiterate our Hold rating following another extraordinary quarter from Palantir, which continues to deliver an N-of-1 combination of growth, profitability, and operational execution across the SaaS/software landscape.

Revenue accelerated to 96% y/y and 20% q/q to $2.313B, exceeding FactSet consensus by +6.2%, while adjusted operating income of $1.427B represented a 61.7% margin and ~9.3% upside to consensus. U.S.

Commercial sustained 148% y/y growth to $984M, eclipsing U.S. Government revenue for the first time in company history, while U.S. Government accelerated to 96% growth.

Guidance for 2026 raised by approximately $378M at the midpoint to $8.532B, now implying 91% growth.

The company delivered a first class Rule-of-148 (our calculation) profile [revenue growth 95.9% + FCF margin 51.7%], while net dollar retention (NDR) increased eight points q/q to an extraordinary 165%.”

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.