Palantir Technologies (PLTR, Financial) shares fell about 5% on Thursday morning following a revised price target from Loop Capital Markets.
Loop Capital Markets analyst Mark Schappel maintained a “Buy” rating on Palantir but trimmed his price target from $141 to $125. Schappel cited the company's leadership in enterprise AI as a key driver after a private meeting with CFO David Glazer, during which a demonstration of Palantir's AIP platform showcased its robust capabilities.
The firm's “bootcamp” strategy and an expanding enterprise AI market were also highlighted as factors underpinning its growth potential amid ongoing market volatility. Recent performance has been strong, with Palantir adding nine new high-profile clients across sectors like retail, beverage, and healthcare, while reinforcing existing collaborations with major names such as AT&T and Delta Air Lines.
