Citi raises Palantir stock price target

Citi raised its Palantir (NASDAQ: PLTR ) stock price target from $245 to $250 and kept a “Buy” rating on the software company on Thursday, October 22. The upgrade came as part of an earnings preview, and the bank now expects Palantir to post “strong upside” to estimates on U.S. government and commercial business ventures. Representing roughly 24% upside from the last closing price of $201, the price target is among the most bullish Wall Street projections Palantir received over the past few months, the highest of which was Barclays’ $265. Citi confirms Jim Cramer’s Palantir stock prediction Interestingly, the figure comes in about a week and a half after CNBC host Jim Cramer said he saw Palantir at $250 too, reaffirming his long-standing bullishness on the firm.

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