Palantir price target raised to $12 from $11 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Palantir to $12 from $11 and keeps a Neutral rating on the shares after Palantir reported Q3 revenue 0.5% above the Street view with operating margins about 400 basis points above FactSet’s consensus figure. While “impressed” by the level of re-acceleration in the U.S. commercial business and the strategic decision to recenter the go-to-market around AIP bootcamps, the analyst continues to see better risk-reward in other names in the analyst’s coverage.