Observed Signal · Oct 27, 2026 · Earnings Report · Source: CNBC Investing · Impact: 2/5 · Sentiment: Positive
Rosenblatt Raises Palantir Price Target to $260
Rosenblatt Securities has reiterated a Buy rating on Palantir Technologies and raised its price target from $225 to $260, implying 31% upside from the previous close. Analyst John McPeake cited continued strong growth and the potential for Palantir's enterprise AI deployments to add new logos and maintain high net revenue retention. The upgrade comes ahead of Palantir's third-quarter earnings, scheduled for November 2, with analysts expecting near 100% earnings growth and over 80% revenue growth year-over-year. McPeake also suggested that Palantir's total addressable market is larger than previously estimated, framing the company as a de facto enterprise operating system. The majority of analysts covering Palantir (25 out of 34) have a Buy or Strong Buy rating.
Analyst rating and price target update on a major data analytics company ahead of earnings; indicates market sentiment but not a major industry shift.
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Key Takeaways & Evidence Grounding
- Rosenblatt raised its price target on Palantir to $260 from $225.
- Analyst John McPeake reiterated a Buy rating on Palantir.
- Palantir's third-quarter earnings are scheduled for November 2.
- Analysts expect Palantir to report nearly 100% earnings growth and over 80% revenue growth year-over-year.
- 25 out of 34 analysts covering Palantir have a Buy or Strong Buy rating.
Connected Companies & Entities
1 Entity mapped“The investment firm has a buy rating on the software stock and raised its price target on PLTR.”
Related Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
D.A. Davidson Upgrades Palantir, Calls Buy-the-Dip
D.A. Davidson analyst Gil Luria upgraded Palantir Technologies to a 'buy' from 'neutral', raising his price target to $175 from $115, implying about 39% upside. Palantir shares have fallen more than 29% in 2026 amid investor concern that enterprises may adopt AI models from OpenAI and Anthropic instead of Palantir’s software. Luria argued that tensions between Anthropic and the U.S. government illustrate why customers would prefer an orchestration tool like Palantir, which can swap underlying AI models with minimal disruption. The stock trades at a forward price-to-earnings ratio near 71 per FactSet (well below a prior peak above 250), and shares rose over 3% after the upgrade. LSEG data shows the majority of covering analysts rate Palantir a buy or strong buy.
UBS Says Palantir Stock is a Bargain Compared to AI Software Peers
UBS has reiterated a 'buy' rating on Palantir Technologies, raising its price target by 14% to $250, implying 44% upside. Analyst Karl Keirstead attended Palantir's AIPCon event and came away more confident in the company's position as a leading AI enabler. Despite a recent stock decline due to valuation concerns, Palantir trades at 51 times expected 2027 free cash flow, which UBS considers attractive compared to peers like Snowflake and CrowdStrike. The valuation discount is attributed to fears of a growth rate peak and potential competition from model providers. UBS believes Palantir deserves a premium due to its leadership in AI, data, and defense tech.
JPMorgan Initiates Palantir at Overweight, 33% Upside
JPMorgan initiated coverage of Palantir Technologies with an overweight rating and a $262 price target, implying a 33% upside. Analyst Brian Essex cited Palantir's focus on AI sovereignty, which allows clients to control their AI stack, and its unique position in delivering ROI for enterprise and government clients. The stock has rallied 59% in the past three months, and the call aligns with a majority of Wall Street analysts who rate it a buy. Palantir is scheduled to report Q3 earnings on November 2.
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