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Wolfe Research lifts Palantir rating to Peerperform, cites 39%–55% long-term revenue CAGR outlook

Wolfe Research upgraded Palantir (NASDAQ: PLTR) to Peerperform (Hold) from Underperform on June 16, pointing to its Ontology technology moat, a 39%–55% long-term revenue CAGR outlook, and strong product-market fit. The firm did not publish a new price target with the change. Palantir shares rose 5.25% in the latest session and extended gains in premarket trading, even as the stock is down 19.75% year to date and has lagged the Nasdaq.
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