Citi Cuts Palantir Price Target to $210: Is the AI Software Multiple Compression Catching Up?

Citi cut its price target on Palantir to $210 from $260, a 19.2% reduction, while reiterating a Buy rating. The broker cited recent multiple compression in software, signaling more conservative valuation assumptions rather than a change in the company’s fundamental outlook. The note is modestly negative for sentiment but likely limited in broader market impact.

Analysis

Citi cut its price target on Palantir to $210 from $260, a 19.2% reduction, while reiterating a Buy rating. The broker cited recent multiple compression in software, signaling more conservative valuation assumptions rather than a change in the company’s fundamental outlook. The note is modestly negative for sentiment but likely limited in broader market impact.