Citigroup maintained its Buy / High Risk rating for Palantir Technologies.
The bank reduced its price target to $210 from $260.
Broader software sector valuation drops drove the adjustment despite strong company fundamentals.
Citi raised earnings forecasts citing momentum in U.S. government and commercial segments.
Major contract renewals include the Department of Agriculture and Department of Homeland Security.
Management confirmed sustained operational strength with potential for accelerated growth.
Palantir remains a primary beneficiary of expanding enterprise AI adoption.