Palantir price target raised to $60 from $28 at Jefferies

Jefferies analyst Brent Thill raised the firm’s price target on Palantir (PLTR) to $60 from $28 and keeps an Underperform rating on the shares. The company last night reported an “exceptional” Q4 with a record revenue beat, growth acceleration across most sales metrics and a “rule of 81” with 36% year-over-year revenue growth and 45% operating margin, the analyst tells investors in a research note. The firm says that while Palantir’s fundamentals have been strong and it is constructive on the company’s accelerating U.S. momentum, the 2025 revenue guidance implies 31% growth versus 29% in 2025, and Palantir would need to accelerate growth to 50% for four years and trade at 18-times 2028 revenue estimates “just to hold its stock price.”