Piper Sandler initiated coverage of Palantir Technologies with an Overweight recommendation and a $170 price target, saying the data-analytics company offers a “one-of-a-kind” combination of growth and margins. The brokerage estimates Palantir could reach a $24 billion revenue run rate by calendar-year 2032, supported by share gains across markets it values at more than $1 trillion. Separately, Oppenheimer upgraded online used-car retailer Carvana to Outperform from Perform and lifted its price target to $450. The analyst cited the company’s improved cash generation and a business model that it expects to scale quickly as demand in the U.S. used-vehicle market recovers.
Just in: Oppenheimer upgrades $CVNA to Outperform with a $450 target, citing Carvana as a "unique, digitally driven disruptor" in the used car market.
Wall Street's top calls today: Carvana upgraded to Outperform, Ulta Beauty downgraded on valuation, Palantir initiated with Overweight rating. $CVNA $DKS $EL $GPN $MSCI $ULTA $SRPT $MOH $BAC $PG $PLTR $TDOC $CHE $HPE $ARQT https://t.co/9ouMyZ865V
Piper Sandler initiated coverage on Palantir $PLTR stock with a Overweight rating and a $170 price target