Piper Sandler Says Palantir (PLTR) Hasn’t Reached Peak Growth Yet

Core Viewpoint - Palantir Technologies Inc. is being closely monitored by analysts as a significant player in the AI sector, with Piper Sandler raising its price target to $201 from $182 while maintaining an Overweight rating, indicating continued upside potential in the stock [1] Group 1: Valuation and Growth Potential - Analyst Clarke Jeffries highlights that Palantir's valuation leaves little room for error, especially if growth slows, but notes that there are no visible catalysts to impede the company's momentum, asserting that Palantir has not yet reached peak growth [2] - The company has over $7 billion in defined contract value and nearly $4 billion in estimated IDIQ contract value, providing strong visibility on future revenue [2] Group 2: Market Opportunities - Palantir is experiencing accelerating triple-digit growth in commercial bookings year-to-date and has a significant wallet share opportunity within the $1 trillion U.S. Defense Spending market [3] - The Defense sector is transitioning towards more cost-effective and flexible solutions based on software and unmanned systems, which could benefit Palantir [3] Group 3: Strategic Scenarios - A hypothetical scenario presented suggests that if 0.5% of Defense spending shifted towards Palantir, the company's government business could increase fivefold, while still being seven times smaller than Lockheed Martin [4]