花旗研究报告指，大数据服务商Palantir今年开局强劲，在2025财年首季不少指标均表现强劲，尽管节奏较慢。首季一般都是软件行业的淡季，在全球不确定环境中，集团的稳健表现进一步巩固了其人工智能的势头，提高了市场拓展的成熟程度及投资回报，当中包括期内在金融服务领域取得的一些进展。报告称，美国商业部门仍然是集团业务的主要增长动力，而美国政府的业务稳定，抵销了国际商业业务的下滑。预订合同收入加速增长，按年升6个百分点至40%，再次反映客户净增长以及完成大型交易。基于首季表现胜预期，管理层上调全年指引。
该行表示，尽管集团基本面表现出色，但认为股票的估值已经达到“超越完美”的水平，2026财年的企业价值与销售比率(市销率)已达55倍，考虑到下半年和2026财年可能面临更严峻竞争及宏观挑战，增长或有所放缓。该行目标价由110美元上调至115美元，予“中性”评级。
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