New York, February 27, 2026, 11:04 EST — Regular session
- Palantir shares picked up in morning trade, boosted by a round of bullish analyst calls.
- UBS bumped Palantir up to “Buy”, while Rosenblatt started coverage on the stock with its own “Buy” rating.
- Risk appetite stayed thin as a wider tech selloff, fueled by concerns over AI and inflation, weighed on sentiment.
Palantir Technologies Inc. picked up 0.6% to $136.74 late Friday morning, getting a boost after UBS raised its rating and Rosenblatt kicked off coverage with a buy call. The gains came despite weakness in the broader market. Palantir remains down roughly 23% since the year’s open.
Timing is a factor. Wall Street’s major indexes slid, with investors digesting hotter inflation numbers and ramping up the AI-versus-profits debate — and what that might mean for jobs. According to Reuters, the Nasdaq and S&P 500 were both heading for their sharpest monthly loss since March 2025. “There are a lot of questions around AI,” one UBS Global Wealth Management strategist said, adding that it’s also about the “future of tech.” Reuters
Palantir’s name pops up whenever the AI software rally comes under scrutiny. The company’s seen as a standout among AI winners, but that also puts it in the crosshairs when investors pull back from pricey growth stocks.
UBS bumped Palantir up to “Buy” from “Neutral,” holding steady with a $180 price target. The bank noted shares are sitting about 35% below their high, calling the drop “a very compelling entry point.” In a note, Karl Keirstead and his team pointed out that, trading at “50x our 2027” free-cash-flow estimates—free cash flow meaning cash after expenses and investment—the stock looks “very attractive” compared with their view for solid growth and mid-50% margins. Investing.com
Rosenblatt jumped in with fresh coverage, slapping a “buy” on Palantir and setting a $150 target. The firm called Palantir a “market-disrupting AI software leader.” Investing.com
Just weeks after Palantir’s previous earnings release, upbeat commentary is rolling in. The company’s fourth-quarter 2025 numbers and its 2026 outlook had already outpaced much of Wall Street: Palantir laid out a full-year 2026 revenue target between $7.18 billion and $7.20 billion, with first-quarter revenue pegged at $1.532 billion to $1.536 billion. Executives also spotlighted significant momentum in the U.S. commercial segment, crediting its Artificial Intelligence Platform.
Upgrades aside, the stock is still a valuation story, and these days, the market isn’t cutting much slack. Higher-for-longer rates, if inflation sticks around, usually mean investors won’t pay up for growth that’s years out — software names are often hit first by that kind of multiple squeeze.
Traders are eyeing Palantir to see if it keeps turning AI pilots into sizable, recurring deals—particularly if the big cloud and data-platform players ramp up their competitive push.
Investors now turn to the company’s next earnings report, which is expected near May 4, based on Yahoo Finance estimates. They’re set to scrutinize updates on demand, margins, and guidance for the full year.
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