Citi Raises Palantir Target to $110 Amid Stock Surge

Palantir Technologies (NASDAQ: PLTR) has seen its stock surge by 7% following a strong earnings report and multiple upgrades from Wall Street analysts, with Citigroup raising its price target from $42 to $110. Other firms such as Bank of America and Morgan Stanley have also increased their forecasts, reflecting growing confidence in Palantir's AI-driven expansion. The stock reached a new 52-week high during trading, supported by significant increases in U.S. commercial bookings. However, Citigroup maintained a neutral rating, cautioning that concerns about the company's high valuation persist despite impressive financial results. Analysts are closely monitoring Palantir’s ability to sustain its growth momentum as competition in the AI sector grows. Overall, the strong performance and bullish sentiment around Palantir highlight its potential as a key player in the evolving AI landscape.