Piper Sandler analyst Clark Jeffries raised the price target for Palantir Technologies (PLTR) to $201 from $182, while maintaining an 'Overweight' rating on the stock. The updated target represents a potential 13.5% upside from the previous market close. Jeffries cited strong revenue visibility, with over $7 billion in defined contract value, and accelerating commercial momentum as key drivers for the revision. The analyst also highlighted the significant growth opportunities within the U.S. defense market, suggesting that Palantir could substantially increase its government business. This optimistic outlook comes ahead of Palantir's third-quarter 2025 earnings report scheduled for November 3. Despite this endorsement, Wall Street remains divided on Palantir's future, with the average 12-month price target from 19 analysts standing at $156.53, which is below its current trading price.