Palantir upgraded at William Blair following pullback
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William Blair upgraded Palantir Technologies (NASDAQ:PLTR) to Market Perform after a 33% decline in stock price. Despite valuation concerns, analysts noted positive developments, including the February 26 DOGE executive order, which may benefit Palantir. The company’s strong government pipeline and potential growth in contracts were highlighted, along with impressive operating leverage and margin expansion. Analysts expect revenue growth guidance of 31% for 2025, although the original revenue target may be missed. Palantir's government contracts have proven resilient, and the company may continue to benefit from an 'AI premium.'
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