According to the Citigroup research report, big data service provider Palantir had a strong start to the year, and many indicators showed strong performance in the first quarter of fiscal year 2025, albeit at a slower pace. The first quarter was generally a low season for the software industry. In an uncertain global environment, the Group's steady performance further consolidated its artificial intelligence momentum and increased the maturity of market expansion and return on investment, including some progress made in the financial services sector during the period. According to the report, the US commercial sector is still the main driving force for the Group's business growth, while the US government's stable business has offset the decline in international commercial business. Revenue from pre-order contracts accelerated, rising 6 percentage points to 40% year-on-year, once again reflecting net customer growth and the completion of major transactions. Based on first-quarter performance beating expectations, management raised full-year guidance. The bank said that despite the Group's outstanding fundamentals, it believes that the valuation of stocks has reached a level of “beyond perfection” and that the corporate value to sales ratio in FY2026 has reached 55 times. Considering that the second half of the year and 2026 may face more severe competition and macroeconomic challenges, growth may slow down. The bank's target price was raised from $110 to $115, giving it a “neutral” rating.

According to the Citigroup research report, big data service provider Palantir had a strong start to the year, and many indicators showed strong performance in the first quarter of fiscal year 2025, albeit at a slower pace. The first quarter was generally a low season for the software industry. In an uncertain global environment, the Group's steady performance further consolidated its artificial intelligence momentum and increased the maturity of market expansion and return on investment, including some progress made in the financial services sector during the period. According to the report, the US commercial sector is still the main driving force for the Group's business growth, while the US government's stable business has offset the decline in international commercial business. Revenue from pre-order contracts accelerated, rising 6 percentage points to 40% year-on-year, once again reflecting net customer growth and the completion of major transactions. Based on first-quarter performance beating expectations, management raised full-year guidance. The bank said that despite the Group's outstanding fundamentals, it believes that the valuation of stocks has reached a level of “beyond perfection” and that the corporate value to sales ratio in FY2026 has reached 55 times. Considering that the second half of the year and 2026 may face more severe competition and macroeconomic challenges, growth may slow down. The bank's target price was raised from $110 to $115, giving it a “neutral” rating.