Rosenblatt has reaffirmed its Buy rating on Palantir Technologies Inc. (NASDAQ: PLTR), maintaining a $225 price target following a direct meeting with company executives on May 21.
The meeting included Palantir’s Chief Financial Officer, David Glazer, along with other senior executives, giving the research firm renewed confidence in its long-term outlook for the stock.
Rosenblatt believes Palantir has the fundamental characteristics required to reach the $225 per share level and surpass a market capitalization of more than $1 trillion within five years.
The research firm identified Palantir’s Artificial Intelligence Platform, AIP, as the primary driver of that growth, describing it as the arbiter and optimizer of multiple large language models and machine learning systems.
Rosenblatt also expects Palantir to continue capitalizing on strong business momentum generated through FoxTrot, identified as one of the company’s key partners.
Those expectations are underpinned by Palantir’s first-quarter financial results, which came in ahead of analyst estimates across both earnings and revenue metrics.
Earnings per share reached $0.33 for the quarter, surpassing the $0.28 that analysts had forecast ahead of the results.
Revenue totaled $1.633 billion, exceeding the $1.54 billion consensus estimate, with strong demand from the US government segment and national security solutions cited as key contributors.
Palantir operates as a software company focused on building digital infrastructure for big data analytics, with its platform designed to connect fragmented data sources into a unified system.
The company specializes in enabling organizations to integrate, analyze, and deploy artificial intelligence models across that consolidated data infrastructure.
Shares of Palantir were up 9.21% at the time of reporting, reflecting continued investor interest in the company’s AI-driven growth strategy and its expanding government and commercial customer base.
