Loop Capital analyst Mark Schappel raised the firm’s price target on Palantir (PLTR) to $130 from $125 and keeps a Buy rating on the shares. The company has lived up to its lofty expectations in the March quarter with revenue growth accelerating 39% to $884M, ahead of the firm’s estimate by $21M, with US commercial growth at 71% and operating margins of 44% topping its estimate by 260 bps, the analyst tells investors in a research note. The market for enterprise AI is enormous, and Palantir is uniquely positioned as one of the category leaders in the space, the firm adds.
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