Gallagher Capital Advisors LLC Has $1.41 Million Stock Holdings in Palantir Technologies Inc. $PLTR
Market Beat·
- Palantir Technologies Inc. reported strong 2nd quarter financial results with revenue increasing 92.8 % year over year to $ 1.94 billion and earnings per share of $ 0.41, surpassing analyst consensus estimates.
- Institutional investors including Gallagher Capital Advisors LLC and various brokerages adjusted their positions and price targets, resulting in an average Moderate Buy rating with a target price of $ 192.19.
- Despite strong financial performance and Pentagon AI momentum driving growth, the company faces headwinds from elevated valuation multiples trading at 74 times sales and renewed bearish bets from investors like Michael Burry.
