Rosenblatt Reiterates Buy on Palantir (PLTR) with $225 Target

On June 5, Rosenblatt Securities reiterated a Buy rating on Palantir Technologies Inc. (NASDAQ:PLTR) with a price target of $225, following the company’s AIPCon 10 event. The firm noted that Palantir made several customer announcements during the event, reinforcing its growth trajectory.

Rating Change

The rating was not changed; Rosenblatt confirmed its existing Buy recommendation. The $225 price target implies significant upside from current trading levels.

Analyst Rationale

Rosenblatt analysts believe the new customer announcements at AIPCon 10 support Palantir's growth narrative, particularly in AI and data analytics. The company's AIP (Artificial Intelligence Platform) is seen as a key driver for long-term growth.

Context

This reaffirmation comes after Insider Monkey included PLTR in its list of top 10 unstoppable growth stocks. The stock has shown mixed performance recently, but the positive rating could provide momentum. Other analysts have mixed views, but the majority remain bullish.

Conclusion

Rosenblatt highlights Palantir's potential to capitalize on rising AI demand. However, the stock remains richly valued, and investors should consider risks related to valuation and competition.