Citi Lowers Palantir's Price Target to $210 Amid Software Sector Valuation Compression
Citi has reduced its price target for Palantir (PLTR) from $260 to $210, maintaining a Buy rating, as software sector valuations compress. Despite raising earnings estimates for Palantir, the move reflects broader sector-wide multiple compression, though the company's AI growth and commercial momentum remain strong. The analyst highlights Palantir's continued contract renewals with Airbus and Stellantis as key drivers.
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