Citi Raises Palantir Revenue Estimates on Commercial Rebound
Citi raised its revenue estimates for Palantir Technologies (PLTR) for fiscal 2027, driven by expectations of a rebound in U.S. commercial growth. The revision comes after the company's strong performance in government contracts.
Key Numbers
Citi analysts raised their revenue estimates for Palantir Technologies (PLTR) for fiscal 2027, citing stronger U.S. commercial momentum.
Estimate Change
The report did not specify a change in rating but lifted the revenue forecast. The stock was trading around $45 before the announcement.
Analyst Rationale
The analyst sees Palantir's U.S. commercial business gaining traction due to increased demand for data analytics and AI platforms. New private-sector contracts are expected to offset any temporary slowdown in government deals.
Context
The revision follows Palantir's strong quarterly results, where revenue beat expectations. The company also secured several new government contracts. Other analysts, such as Jefferies and Goldman Sachs, have mixed views, with some considering the stock overvalued.
What to Make of It
The raised estimates reflect growing confidence in Palantir's ability to diversify its client base. However, investors should monitor whether these projections materialize in upcoming quarters.
Frequently Asked Questions
Found this useful? Share it