Last Minute Thought: Citigroup Weighs in on Palantir Stock Ahead of Earnings - TipRanks.com

Palantir Technologies is set to announce its Q1 earnings, following a year where its stock soared by 220% due to its ties with the AI boom. Citigroup analyst Tyler Radke upgraded the stock, citing increased positivity from U.S. commercial momentum and improved profitability. However, Radke remains cautious about the long-term monetization prospects amidst stiff competition and maintains a neutral rating with a slightly raised price target of $23.

Despite the optimism in the commercial sector, challenges remain in the federal segment, with a noticeable year-over-year decline in contracts. Radke predicts a modest 1% topline beat for Q1, driven by a stronger commercial performance. Overall, the market consensus leans towards a moderate sell, reflecting broader skepticism among analysts about Palantir's future performance.