Citi still has Palantir valuation concerns after CFO meeting

Citi analyst Tyler Radke keeps a Neutral rating on Palantir (PLTR) with a $115 price target after meeting with the company’s CFO Dave Glazer. Palantir remains upbeat on its Artificial Intelligence Platform adoption, the analyst tells investors in a research note. By industry, financial services were a highlight with a growing pipeline of other customers following the Q1 contract with Citi Wealth, the firm adds. Citi believes Palantir’s government growth should remain strong, with management noting recent normalization giving them confidence in second half of 2025 growth. The meeting affirms Citi’s upbeat view on Palantir fundamentals, but the firm continues to have concerns on how stock can grow into its valuation, especially if the magnitude of positive revisions slow or large contracts like the Golden Dome don’t materialize as expected.