Palantir price target raised to $201 from $182 at Piper Sandler

Piper Sandler raised the firm’s price target on Palantir (PLTR) to $201 from $182 and keeps an Overweight rating on the shares. The firm notes that there is no argument Palantir’s valuation leaves no margin for error, particularly if any signs of moderating growth emerge. However, Piper argues with tremendous visibility on future revenue, accelerating triple-digit growth in Commercial bookings year-to-date, and unparalleled wallet share opportunity across $1T of U.S. Defense Spending, Palantir has not reached peak growth and therefore the firm does not see a catalyst to halt current momentum.