Palantir price target raised to $178 from $155 at Loop Capital

Loop Capital analyst Mark Schappel raised the firm’s price target on Palantir (PLTR) to $178 from $155 and keeps a Buy rating on the shares. The firm expects the company to deliver another beat and raise, with revenue outperformance in line with or exceeding the 5-quarter average upside of 4.3% above the midpoint of guidance, the analyst tells investors in a research note. The stock’s eye-popping valuation is supported by the combination of demonstrated AI leadership, scarcity value as one of the few pure-play AI software stocks, and category-leading margins, the firm added.