Goldman Sachs has raised its price target on Palantir Technologies from $90 to $141, maintaining a "neutral" rating. The company's share price has grown 5x in the past year due to strong enterprise adoption and growing investor confidence. Goldman Sachs cited Palantir's strong fundamentals and early-stage potential in the custom AI software market, but remains wary of increasing competition.
Goldman Sachs has increased its price target on Palantir Technologies (NASDAQ:PLTR) from $90 to $141, maintaining a "neutral" rating. This revision comes after a remarkable 5x growth in the company's share price over the past year, driven by strong enterprise adoption and growing investor confidence [1].
The investment firm cited Palantir's robust fundamentals and the early-stage potential of the custom AI software market as key reasons for the upward revision. However, Goldman Sachs also expressed caution about increasing competition that could potentially impact Palantir's dominant position [2].
Palantir Technologies, which operates under the Commercial and Government segments, has experienced significant growth. The company's total revenue grew 48% year-over-year (YoY) in the second quarter, reaching just over $1 billion. Additionally, the company closed a record-setting $2.27 billion in total contract value, a 222% YoY growth, and raised its FY25 revenue guidance to 45% and U.S. commercial revenue guidance to 85% YoY, surpassing estimates [2].
While Palantir's growth prospects are promising, Goldman Sachs suggests that certain AI stocks may offer greater upside potential and carry less downside risk. Investors should consider these factors when evaluating Palantir Technologies as an investment opportunity.
References:
[1] https://www.marketbeat.com/instant-alerts/palantir-technologies-nasdaqpltr-stock-price-expected-to-rise-the-goldman-sachs-group-analyst-says-2025-08-06/
[2] https://uk.finance.yahoo.com/news/goldman-sachs-raises-pt-palantir-035207402.html
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