Palantir price target raised to $110 from $98 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Palantir (PLTR) to $110 from $98 and keeps a Neutral rating on the shares. Palantir reported solid Q1 results, with total revenue beating consensus by 2.5%, driven by strength in US Commercial and total Government, the analyst tells investors in a research note. Palantir’s strong results indicate continued strong investment from global organizations in leveraging AI to improve both business outcomes and operational efficiencies and it is well-positioned to benefit from these trends, Cantor says.