- UBS raised its Palantir price target to $250 from $220 and reiterated Buy after analyst Karl Keirstead attended AIPCon11. The upgrade rests on AI sovereignty becoming an enterprise mandate and Palantir's AIP platform moving from pilot programs into production, with UBS citing demand momentum across government and commercial customers.
- Q2 2026 results underpin the re-rating: revenue of $1.94 billion rose 92.83% year over year, EPS of $0.41 beat consensus by $0.07, U.S. commercial revenue grew 149%, the Rule of 40 score hit 155%, and GAAP operating margin reached 47%. Management raised FY26 revenue guidance to $8.15-$8.16 billion, implying roughly 82% growth.
- BofA Securities analyst Mariana Perez Mora holds a Street-high $255 target, about 48% upside, based on the value of Palantir's AI control architecture and rapid conversion of AIP Bootcamp contracts into deals.
- Valuation remains the contested variable: the stock carries a trailing P/E near 151x and forward P/E above 80x on one measure, and a P/E near 244 with a price-to-sales ratio around 68 on another. Persistent insider selling, including by CEO Alex Karp, and $265 million of stock-based compensation in Q2 add dilution pressure.
- The tape shows consolidation rather than breakout: PLTR trades near $176.87 between support at $173.23 and resistance at $179.42, above its 7-day, 20-day, 50-day and 200-day moving averages, with the MACD histogram flat at zero and RSI at 55.19. Strong resistance sits at $181.96 and strong support at $169.58.
Quotes
“UBS analyst Karl Keirstead walked out of Palantir's AIPCon11 customer event and immediately raised his price target from $220 to $250, reiterating Buy.”
“best AI enabler in the market”
“maintains a Street-high price target of $255, implying roughly 48% upside”