William Blair analyst Louie DiPalma has maintained their neutral stance on PLTR stock, giving a Hold rating on March 27.
Louie DiPalma has given his Hold rating due to a combination of factors related to Palantir Technologies’ current and potential future contracts with the U.S. Army. The anticipation of a significant contract award for the Next-Generation Command and Control (NGC2) program is a positive indicator, as it could significantly boost Palantir’s annual recurring revenue. However, this potential contract, while promising, has not yet been officially announced, which introduces some uncertainty.
Additionally, Palantir’s alignment with the U.S. Army’s strategic decisions, such as the indefinite hold on the Army Data Platform 2.0 program, suggests a favorable position for Palantir in maintaining and expanding its existing contracts. Despite these positive indicators, the Hold rating reflects a cautious approach, considering that while Palantir’s revenue growth and operating margin projections are strong, the full realization of these opportunities is still contingent on future developments and official confirmations.
In another report released on March 27, Goldman Sachs also maintained a Hold rating on the stock with a $80.00 price target.