Palantir Receives Buy Rating with $208 Price Target Amid AI-Driven Growth
Phillip Securities initiated coverage on Palantir Technologies with a Buy rating and a $208 price target, projecting a 25% upside from current levels. The bullish outlook hinges on accelerating revenue growth, particularly in the commercial segment, where AI adoption is fueling expansion.
Revenue is forecast to surge 47% year-over-year to $4.2 billion in FY25, with commercial revenue outpacing government contracts at 51% growth. U.S. markets dominate, accounting for 66% of total revenue, as enterprises double down on AI platform deployments. Deal sizes in the commercial sector roughly doubled last quarter, signaling robust momentum.
Net profit is expected to nearly double next fiscal year, driven by operational scale and higher-margin contracts. The company's strategic pivot beyond defense-sector work into broader industrial AI applications appears to be gaining traction.
