- UBS upgraded Palantir Technologies (PLTR) from Neutral to Buy, setting a $180 price target.
- The upgrade followed a 35% drop from Palantir‘s peak and a projection for 70% revenue growth in 2026.
- Truist Securities had earlier reaffirmed a Buy rating and a $223 price target, raising its financial estimates significantly.
Palantir stock jumped to $137.20, gaining 0.92% on Tuesday, March 10th, after UBS dramatically upgraded its outlook for the data analytics firm. This move reshapes the company’s forecast for 2026 almost overnight, fueled by a new $180 price target.
Consequently, the UBS analysts cited a 35% pullback from the stock’s peak as a prime buying opportunity. They stated “taking advantage of this -35% move off the peak for the premier growth story in software.” Their bullish stance hinges on Palantir‘s unique position at the intersection of AI and massive data infrastructure spending.
However, UBS was not the first major firm to amplify its optimism, according to reports at Proactive Investors. Truist Securities had already reaffirmed a PLTR buy rating with a $223 target on February 3rd, calling the company an “AI pure-play victor.” The bank raised its 2026 revenue and free cash flow estimates by over $1 billion each.
Meanwhile, the current share price sits well below these ambitious analyst targets from both institutions. The collective endorsement from two major banks, however, provides a considerably more optimistic case for the Palantir stock forecast heading into the rest of the year.
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