Gil Luria, head of technology research at D.A. Davidson, said Palantir is growing faster than any other company during a recent CNBC appearance [1].
This assessment comes as the company navigates a period of rapid expansion and shifting revenue projections, signaling a potential shift in how analysts view the scale of its market penetration.
Speaking on CNBC Television's "Closing Bell Overtime" program, Luria said the company's quarterly results and its prospects for the future [1]. He said that Palantir has raised its revenue outlook for the year [4]. While the specific amount of the increase was not disclosed, the move indicates a more optimistic internal forecast for the firm's financial trajectory [4].
Despite the praise for the company's growth rate, Luria's valuation remains cautious. He said, "No other company is growing at this rate" [1]. However, he said that D.A. Davidson maintains a Hold rating on Palantir [2].
Luria set a price target of $170.00 for the stock [2]. This target sits slightly above the closing share price of $160.66 recorded on the day of the interview [2]. The gap between the current price and the target suggests a modest expected upside, even as the company's growth velocity accelerates.
Palantir's recent performance has been a point of contention among analysts, particularly regarding the balance between its commercial sales, and overall revenue outlook [4]. Luria's comments emphasize the sheer speed of the company's expansion—a metric that may outweigh specific quarterly misses in certain sectors.
“"No other company is growing at this rate."”
The contrast between Luria's description of Palantir's growth as unprecedented and his 'Hold' rating suggests a tension between the company's operational momentum and its current stock valuation. While the company is expanding rapidly and raising financial guidance, the price target indicates that the market may have already priced in much of this growth, leaving limited room for immediate significant gains.
