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HSBC Raises Palantir Price Target Amid AI Growth Concerns

HSBC Raises Palantir Price Target Amid AI Growth Concerns

Author:

Global Cryptocurrency

Published:

2025-11-06 01:58:02

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BTCCSquare news:

HSBC's five-star analyst Stephen Bersey lifted Palantir's price target to $197 from $181 while maintaining a Hold rating, citing explosive growth in its U.S. commercial segment. Q3 revenue surged 122% year-over-year to $397 million, with new contracts hitting $1.31 billion—a 55% quarter-on-quarter jump.

Bersey projects a 59.3% CAGR through 2029, potentially reaching $9.3 billion in U.S. commercial revenue. Yet caution lingers as industry-wide AI projects show disappointing ROI, threatening deal momentum. "The disconnect between HYPE and tangible results could temper the AI gold rush," the report implied, without singling out Palantir.

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