Argus upgraded Palantir Technologies from 'Hold' to 'Buy' rating after the company posted stronger-than-expected first-quarter results and lifted its outlook for 2026. Argus analyst Joseph Bonner also raised his price target to $190 and increased financial estimates.
Palantir's revenue growth and margin expansion accelerated during the quarter, driven by rising demand across U.S. government and commercial operations and increased adoption of its artificial intelligence software platforms.
Argus expects Palantir's commercial business to remain a major growth driver over the next several years as enterprises expand AI-related spending. Customer demand appears to be exceeding Palantir's ability to onboard new projects quickly.
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