Palantir initiated with a Neutral at UBS

UBS initiated coverage of Palantir (PLTR) with a Neutral rating and $80 price target The firm’s 2025 and 2026 estimates are well above the Street consensus and it has a positive view of Palantir’s fundamentals. The “main thing” keeping UBS on the sidelines is the stock’s valuation. At 49-times revenue and 124-times free cash flow on 2025 estimates, Palantir’s valuation is “simply tough to get over,” the analyst tells investors in a research note. UBS, however, is “impressed” with the company’s fundamentals following customer checks. It views as a key artificial intelligence data winner.