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Deutsche Bank lifts Palantir to Buy after "exceptional" Q2
['Sam Boughedda', 'Tue', 'August At Pm Bst', 'Min Read']
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Investing.com -- Deutsche Bank upgraded Palantir to Buy from Hold in a note on Tuesday, calling the software company's second-quarter results exceptional and arguing it is operating well ahead of the rest of the sector in turning AI demand into customer value.
Revenue growth accelerated 8 points to 93% year over year, Deutsche Bank noted, led by U.S. Commercial, where revenue jumped 149%.
Deutsche Bank added that Palantir's financial profile is "further separating from the broader Software group and should command a premium valuation."
With shares trading at about 1.5 times its fiscal 2027 estimate on one metric, the firm said risk/reward skews favorably, supporting its DCF-derived target.
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