Palantir Stock Surges on Dual Buy Upgrades Following 35% Correction
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Key Takeaways UBS raised Palantir $PLTR rating to Buy with $180 price target following approximately 35% decline from peak levels Rosenblatt launched coverage with Buy rating and $150 target, viewing current levels as “attractive entry point” Fourth quarter results exceeded forecasts: EPS $0.25 vs $0.23 consensus, revenue $1.41B vs $1.34B expected, representing 70% year-over-year growth Company insiders offloaded more than 1 million shares valued at roughly $142M during last quarter, reducing insider stake to approximately 9.23% Wall Street consensus stands at “Moderate Buy” with mean price target of $191.05, suggesting potential upside of ~38.9% Shares of Palantir $PLTR advanced 1.3% Thursday, reaching $135.94, following UBS’s decision to raise its rating from Neutral to Buy while establishing a $180 price objective. Palantir Technologies Inc., PLTR UBS analyst Karl Keirstead encouraged clients to take advantage of the opportunity created by the stock’s approximately 35% retreat from recent peak levels. He characterized Palantir as a “premier growth story” within the software sector and highlighted the company’s position “at the nexus of the two most powerful spending trends — AI and Data.” Keirstead noted that proprietary industry checks revealed a “very strong demand backdrop,” indicating that customer interest and adoption continue to trend positively. UBS anticipates revenue expansion of roughly 70% throughout 2026, while expecting margins to remain in the mid-50% territory. The shares touched an intraday peak of $137.51. Trading activity registered approximately 44.5 million shares, running about 13% lighter than typical daily volumes. Rosenblatt Adds Another Bullish Voice Also Thursday, Rosenblatt analyst John McPeake launched coverage of the stock with a Buy recommendation and established a $150 price objective. McPeake characterized Palantir as a “market-disrupting, uniquely positioned AI software leader.” He pointed to the stock’s 33% downturn from its October peak as generating a compelling opportunity for new positions. He anticipates the…
Filed under: News - @ February 27, 2026 10:21 am