Rosenblatt Raises Palantir Price Target to $260 Ahead of Q3 Earnings
Rosenblatt has issued a buy rating for Palantir Technologies (PLTR), raising its price target from $225 to $260. Analyst John McPeake suggests the company is positioned for significant growth driven by large-scale enterprise AI deployments, which are expected to drive new customer acquisitions and maintain high net revenue retention rates. The upgrade comes ahead of Palantir's third-quarter earnings report scheduled for November 2. Market expectations are high, with analysts polled by LSEG forecasting nearly 100% earnings growth and over 80% revenue expansion compared to the previous year. McPeake also noted that the company's total addressable market may be significantly larger than prior estimates.
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Topics: Earnings Expectations Enterprise AI Stock Analyst Ratings
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