Analyst Maintains Sell Rating on Palantir Despite Strong AI-Driven Earnings
Palantir Technologies delivered a robust Q3 performance with $1.18 billion revenue and 51% adjusted operating margin, yet Freedom Capital Markets analyst Almas Almaganbetov retained a Sell rating. The stock, up 127% YTD on AI demand and defense spending tailwinds, faces valuation concerns after a double-digit post-earnings dip.
U.S. commercial revenue surged 121% YoY, showcasing Palantir's AI platform traction. European stagnation persists, mirroring prior quarters. Almaganbetov's raised price target to $170 acknowledges growth while signaling overextension—a sentiment reflected in the market's tempered response.