RBC Capital keeps an Underperform rating and $40 price target on Palantir (PLTR) after its Q1 results. The company reported a solid quarter and raised 2025 guidance as its government results were better than expectations, but the firm’s concerns about the runway for growth and product differentiation remain, the analyst tells investors in a research note. RBC adds that it continues to see the risk-reward skewing unfavorable with shares trading at a premium multiple.
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