Palantir price target raised to $105 from $47 at DA Davidson

DA Davidson analyst Gil Luria raised the firm’s price target on Palantir (PLTR) to $105 from $47 and keeps a Neutral rating on the shares. The company reported an outstanding quarter with revenue growth accelerating further due to relentless U.S. demand for AI solutions, and Palantir remains well positioned to benefit from helping customers effectively utilize LLMs through its Ontology, the analyst tells investors in a research note. Palantir also had a record setting quarter, closing129 deals of at least $1M, above 104 last quarter, and 103 in the year ago period, the firm added.