Palantir price target raised to $115 from $110 at Citi

Citi raised the firm’s price target on Palantir (PLTR) to $115 from $110 and keeps a Neutral rating on the shares. Palantir delivered a “strong beat/raise” in Q1 with upside across most metrics, albeit at a smaller cadence, the analyst tells investors in a research note. The firm says Q1 is typically a slower quarter in software and amid a tough uncertain environment globally, Palantir’s “robust results further solidifies” its artificial intelligence momentum. However, Citi sees the stock as priced for “beyond perfection.”