According to a research report published by Citi, Palantir recorded strong revenue performance in the third quarter. The year-on-year and month-on-month growth rates were accelerated, mainly driven by US commercial and government business; the fourth quarter guidance is also improving, and is expected to increase 15% month-on-month, making it the strongest guideline seen by Citi since its launch. Management revealed that demand for the sovereign AI business model has surged, driving customers to quickly achieve value and facilitate large-scale initial contracts. However, the relevant transaction contract period is short, which is dragging down the total contract value and other reservation indicators. The bank said that investors should focus on the acceleration of revenue growth and the sharp increase in the outlook for the fourth quarter. It believes that the increase in strategic value between the flagship AI platform AIP and sovereign AI will drive annual contract value, reflecting the company's strong fundamental performance. Citi raised its 2026-2027 revenue, earnings per share, and free cash flow forecast by about 4% to 7%, and raised the target price from $250 to $265, giving it a “buy/high risk” rating.

According to a research report published by Citi, Palantir recorded strong revenue performance in the third quarter. The year-on-year and month-on-month growth rates were accelerated, mainly driven by US commercial and government business; the fourth quarter guidance is also improving, and is expected to increase 15% month-on-month, making it the strongest guideline seen by Citi since its launch. Management revealed that demand for the sovereign AI business model has surged, driving customers to quickly achieve value and facilitate large-scale initial contracts. However, the relevant transaction contract period is short, which is dragging down the total contract value and other reservation indicators. The bank said that investors should focus on the acceleration of revenue growth and the sharp increase in the outlook for the fourth quarter. It believes that the increase in strategic value between the flagship AI platform AIP and sovereign AI will drive annual contract value, reflecting the company's strong fundamental performance. Citi raised its 2026-2027 revenue, earnings per share, and free cash flow forecast by about 4% to 7%, and raised the target price from $250 to $265, giving it a “buy/high risk” rating.