UBS upgraded Palantir Technologies (PLTR) from Neutral to Buy while maintaining a $180 price target. Analysts suggest the recent 35% decline from the stock's all-time high creates an attractive entry point. The firm forecasts 70% revenue growth for 2026. UBS cited Palantir's prime position to capitalize on massive enterprise spending in AI and data. Shares saw a modest bounce in after-hours trading on February 26th following the announcement.
Rosenblatt Securities also initiated coverage on Palantir with a Buy rating and a $150 price target. Analysts at Rosenblatt described the company as a market-disrupting AI software leader. The firm echoed the view that the recent stock pullback offers a compelling opportunity for investors.
These upgrades arrive amid broader investor concerns regarding the company's high valuation.