Palantir price target raised to $98 from $90 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Palantir (PLTR) to $98 from $90 and keeps an Equal Weight rating on the shares. Palantir accelerated total revenue growth for the seventh quarter in a row to 39% in Q1 from 36% in Q4, the analyst noted. With FY25 revenue growth raised to 36% from 31%, Palantir remains “one of the clearest AI beneficiaries” in software, but this looks priced in at the current valuation, the analyst added.