UBS upgraded Palantir Technologies to Buy from Neutral. Analyst Karl Keirstead identified the stock's 35% decline from its peak as an attractive entry point. Keirstead maintained a $180 price target for the company.
The upgrade reflects Palantir's strategic position within the AI and data spending booms. UBS projects the company will achieve 70% revenue growth in 2026. The firm expects Palantir to maintain stable margins in the mid-50% range.
Channel checks indicate that demand for Palantir's products is exceptional and accelerating. Palantir shares rose 1.4% in after-hours trading on February 26 following the announcement.