Citi Upgrades Palantir Technologies to Buy, Raises Price Target to $235
Citi has upgraded Palantir Technologies from 'Neutral' to 'Buy,' raising its price target to $235 due to increased adoption of its AI platform and significant government contracts. In Q3 2025, Palantir reported a 63% year-over-year revenue growth to $1.18 billion, with U.S. commercial business expanding by 121% and a total contract value of $2.8 billion, including a notable $448 million deal with the U.S. Navy. The company has also raised its full-year revenue guidance to $4.4 billion, projecting over 104% growth in U.S. commercial revenue.
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Citi upgraded Palantir Technologies (PLTR) from 'Neutral' to 'Buy' and increased its price target to $235, citing growth in AI platform adoption and government contracts. Palantir reported Q3 2025 revenue of $1.18 billion, up 63% YoY, with a U.S. commercial business growth of 121%.
The company's total contract value reached $2.8 billion, with 53 deals exceeding $10 million. Palantir raised its full-year revenue guidance to $4.4 billion and forecasts at least 104% growth in U.S. commercial revenue.
Recent government contracts include a $448 million deal with the U.S. Navy. Palantir's stock trades at 193x forward earnings as adoption accelerates in various sectors.
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