Palantir Q1 Win Overshadowed by Citi's Valuation Concern
Citi (C, Financial) warned that Palantir Technologies (PLTR, Financial)'s valuation leaves ‘Little Room for Missteps', according to a Friday research note.
The Wall Street bank kept its Hold rating on PLTR even after lifting its price target to $115 from $110. Citi analyst Tyler Radke said Palantir must deliver flawless execution to justify trading at roughly 55 times its expected 2026 sales.
Palantir beat Q1 estimates earlier this week, but shares fell after management' modest full‑year guidance failed to meet lofty market hopes. Investors have grown cautious as the company balances growth with rising expenses.
Radke noted Palantir's push to refine products and cut costs through technology. Yet, he cautioned that quarterly swings in spending and taxes could pressure margins, making steady execution critical.
Year‑to‑date, PLTR has climbed about 57% and remained up 478% over the past 52-weeks.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10