Daiwa upgrades Palantir to Buy on accelerating growth

Daiwa upgraded Palantir (PLTR) to Buy from Neutral with a price target of $180, down from $200. The company’s revenue jumped 70% year-over-year in Q4 and operating income rose about 2.1-fold, the analyst tells investors in a research note. The firm says Palantir’s “robust showing” continued to be driven by the U.S. business. “The earnings release left a positive impression,” contends Daiwa. It believes Palantir’s “sharp growth will “persist and accelerate.”