Palantir rated a buy with 55% upside on strong revenue growth and SaaS metrics.

Analyst Amrita Roy reiterates a buy rating on Palantir with a $224 price target, citing a 55% upside driven by strong revenue acceleration and superior SaaS performance. The US Commercial segment is the main growth driver, expected to grow 109% year-over-year in FY25 and 115% in FY26. Despite a high forward PE of 108x for FY26, rapid earnings growth is expected to justify valuation and support multiple contraction. Key upcoming factors to watch include revenue growth beyond Q1 FY26, forward guidance, net retention rate, and government contract progress, all supporting a bullish outlook for Palantir.