Citi upgraded Palantir (PLTR) to Buy from Neutral with a price target of $235, up from $210. The firm sees 2026 brining significantly higher consensus estimates for Palantir. Citi’s recent chief investment officer survey and industry conversations suggest Palantir’s use cases are accelerating in the enterprise, the analyst tells investors in a research note. The firm also believes accelerating defense budgets and modernization urgency provide a “supercycle” for company’s government unit. It thinks Palantir can post 70%-80% revenue growth in 2026.
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