Oppenheimer analyst initiates Palantir with outperform and $200 price target
Updated
Updated · MarketWatch · Apr 30
Oppenheimer analyst initiates Palantir with outperform and $200 price target
7 articles · Updated · MarketWatch · Apr 30
Param Singh said government software and services spending could rise from $490bn in 2025 to $666bn by 2029, leaving Palantir underpenetrated in a sector central to its business.
He forecast Palantir's government revenue would grow at a 36% annual rate to $6.1bn by 2029, while arguing its valuation remains justified despite a 22% year-to-date share decline.
Palantir's 2025 government revenue rose 53% to $2.4bn and commercial revenue 60% to nearly $2.1bn, as it pursues Pentagon, Agriculture Department and other federal AI-related contracts ahead of earnings next week.
Down 22%, Palantir faces a crucial earnings report. Is its AI dominance real or just a wildly overpriced stock facing a market correction?
Bulls see an AI titan with a deep moat. Bears see client churn and no dividends. Which Palantir will earnings reveal on Monday?