Okay so Citi Analyst Tyler Radke just issued a Neutral rating on Palantir $PLTR, maintaining a $25 Price Target.
Core points from his note:
- AIP Go-To-Market seems to be accelerating dramatically with more bootcamps, indicating US Commercial is growing well
- Although AIP’s GTM is strong, Citi is unconvinced that the monetization is ramping up at the same rate
- Doubtful on massive government growth even with the latest gov contracts
- Moved from a “Sell” rating to Neutral, but believes the stock's valuation, trading at approximately 24 times next twelve months (NTM) enterprise value to sales (EV/Sales), makes it difficult for Citi to identify positive near-term catalysts
Even with the Neutral rating, $PLTR Palantir is up 3% in the premarkets at $28
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- AfraSimon·07-08Nice call, Tyler! [Like]LikeReport