New York, February 28, 2026, 10:44 EST — The session wrapped up with markets closed.
- UBS bumped Palantir up to “Buy,” sticking with a $180 price target following the recent dip in the stock.
- Palantir shares finished the day up on Friday, as investors continued to wrestle with what AI-related spending could spell for software leaders.
- March 6 brings the next big macro swing factor: the U.S. jobs report.
UBS bumped Palantir Technologies up to “Buy” from “Neutral,” sticking to its $180 price target. The bank pointed to the recent drop from highs as creating a more attractive entry. Proactiveinvestors NA
It’s no accident the timing feels off. AI-linked stocks have been swinging as traders sift through who stands to lose and who stands to gain, all with the looming U.S. jobs report set for Friday, March 6, hanging over rate expectations. “There continues to be this … back and forth” over winners and losers, said Kristina Hooper, chief market strategist at Man Group. Reuters
Palantir’s valuation swings tell the story. Some sessions, the stock behaves more like a gauge of market risk than a conventional enterprise-software play.
Palantir finished Friday at $137.19, gaining $1.25 on the day, before easing back to $136.90 in after-hours moves, Investing.com data showed. Shares saw a range from $133.98 up to $138.10 during the session. The stock is still trading far from its 52-week high of $207.52.
UBS, in its note, pointed out the stock now trades at around 50 times projected 2027 free cash flow — the money left over after capital spending — and described this as a “very attractive” setup. That’s against their call for 70% revenue growth in 2026, paired with steady margins in the mid-50% range. Analyst Karl Keirstead and his team said recent checks with partners and customers indicate “demand is exceptional.” Still, the bank highlighted competitive pressure from hyperscalers, Databricks, and AI model providers as the main risk, but added it hasn’t seen “any material emerging competition” in its latest research. Investing.com
Rosenblatt started coverage on Palantir Friday, tagging the stock with a Buy rating, Fintel data posted by Nasdaq shows.
Palantir keeps fueling the bullish sentiment with more than just AI talk—actual numbers are doing some of the work. In the fourth quarter, sales hit $1.41 billion. U.S. government revenue? Up 66% to $570 million. Guidance landed first-quarter estimates at $1.53 billion to $1.54 billion, and for 2026, management put revenue projections at $7.18 billion to $7.20 billion.
The risk, though, stands out. Should growth slow, or if major clients put the brakes on AI rollouts, this stock’s lofty valuation could tumble—fast. The market hasn’t hesitated to slam pricey software names when rates jump.
Monday opens with attention on UBS’s latest call—traders want to see if buyers really step in or if it fizzles like the last uptick. Looking forward, March 6 marks the next milestone: the U.S. jobs report, which could shake up rate expectations all over again.
