Palantir Technologies

PLTR · NASDAQ

$192.60−$1.55 (−0.80%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $194.15

PLTR analyst rating

BuyConsensus of 23 analysts over the last 12 months. 70% rate it a buy.

Strong buy0
Buy16
Hold6
Underperform1
Sell0

12-month price target · 30 analysts

Average $204.85 (+6.4% upside)

Low: $80.80
Now: $192.60
High: $267.75

Upgrades and downgrades

The latest rating actions, newest first

PLTR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Mizuho	Oct 15, 2026	Maintains	Outperform	$215.00 → $245.00	61%
Barclays	Oct 9, 2026	Initiates	Overweight	$265.00	26%
Goldman Sachs	Oct 8, 2026	Upgrade	Neutral → Buy	$230.00	58%
Rosenblatt	Sep 23, 2026	Maintains	Buy	$225.00	32%
UBS	Sep 15, 2026	Maintains	Buy	$220.00 → $250.00	65%
DA Davidson	Sep 11, 2026	Maintains	Buy	$200.00 → $250.00	51%
Rosenblatt	Sep 11, 2026	Maintains	Buy	$225.00	32%
UBS	Aug 4, 2026	Maintains	Buy	$200.00 → $220.00	65%
Mizuho	Aug 4, 2026	Maintains	Outperform	$185.00 → $215.00	61%
Citigroup	Aug 4, 2026	Maintains	Buy	$200.00 → $245.00	56%

The case for and against

Updated Oct 14, 2026

Bull case

Palantir Technologies is viewed favorably because its Foundry and Gotham platforms are increasingly becoming mission-critical operating layers for both government and commercial customers, with the FAA expansion, TITAN, and other defense and aviation use cases showing clear land-and-expand traction. Its fundamentals appear strong, supported by 110% YY commercial revenue growth in 2Q, 79% YY government growth in 2Q26, and net revenue retention of 186% in 2Q, which suggests durable customer expansion and strong product stickiness. The outlook is further reinforced by a deep pipeline, low capital intensity, and evidence that Palantir helps customers unify siloed data, lower AI deployment costs, and accelerate decision-making across complex workflows.

Bear case

Palantir Technologies is viewed negatively because its revenue is heavily exposed to government spending cycles, procurement delays, contract reviews, and shifting political priorities, while a relatively small number of large customers creates lumpy quarterly results and limited visibility. Its commercial expansion still depends on turning AIP bootcamps and pilots into durable multi-year deployments, but that progress is constrained by intense competition from Microsoft, Amazon, Oracle, IBM, Snowflake, and Databricks, plus implementation complexity, third-party AI dependence, and cybersecurity or data-handling failures. The company also carries elevated regulatory, geopolitical, and valuation risk, since premium growth expectations can compress quickly if revenue growth, operating margin expansion, or remaining performance obligations weaken, all while founders retain 49.99% of voting power.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.