Wall Street analysts boost PLTR targets after massive earnings win

Palantir Technologies is seeing a wave of positive attention from Wall Street after reporting an impressive second quarter. The company earned $0.41 per share, beating the expected $0.34. Revenue hit $1.94 billion, a 93 percent increase over last year, driven largely by a 149 percent surge in U.S. commercial sales.

Following the news, several major firms updated their price targets for the stock. Citi raised its target to $245, while DA Davidson increased its target to $200. Analysts are pointing to record commercial bookings and the company's ability to maintain strong growth in the competitive artificial intelligence sector as key reasons for the optimistic outlook.

Currently, the consensus among analysts remains a Moderate Buy. With the average 12 month price target sitting around $188, many observers see significant room for further growth. Investors will be watching to see if the company can sustain this pace of commercial expansion and government contract wins throughout the rest of the year.