Citi Increased the Firm's PT on Palantir Technologies (PLTR), Kept a Hold Rating

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the Best Performing Quantum Computing Stocks So Far in 2025. On August 4, Tyler Radke from Citi increased the firm’s price target on Palantir Technologies Inc. (NASDAQ:PLTR) from $115 to $158, while maintaining a Hold rating on the stock.

The analyst noted that he raised the price target on the company due to its strong performance, but maintained a Hold rating due to some challenges. The company grew its revenue significantly during the fiscal second quarter for both commercial and government sectors. Moreover, the bookings and operating margins also improved significantly during the quarter. This growth mainly came from the US commercial market, while the international commercial market revenue declined, indicating challenges for the company outside of the United States.

Regardless, Palantir Technologies Inc. (NASDAQ:PLTR) has raised its fiscal year 2025 guidance and now expects FY2025 revenue between the range of $4.142 billion and $4.150 billion.

Palantir Technologies Inc. (NASDAQ:PLTR) builds software platforms mainly for data integration, analysis, and operations. Its key products include Palantir Gotham and Palantir Foundry.

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Disclosure: None. This article is originally published at Insider Monkey.