Palantir Is ‘Setting the Agenda in Enterprise AI.’ Why This Analyst Cut His Stock Price Target. - Barron's
1. Analyst maintains Buy rating; lowers price target to $125 from $141. 2. Palantir's shares fell 5.2%, down 36% from February's peak. 3. Government contracts represent $1.2 billion of fiscal 2024 revenues. 4. New partnership with Databricks does not boost share price. 5. Market instability affects high-valuation software stocks like PLTR.