Palantir climbs as Goldman Sachs turns bullish

Palantir Technologies

08/10/2026 15:18

** Data analytics software provider Palantir Technologies' PLTR.O shares up 3.7% at $201.26 early Thurs after Goldman Sachs upgrades to 'buy' from 'neutral'
** Brokerage sets PT at $230, implying ~18% upside to stock's last close
** Goldman says its primary takeaway from recent industry conversations suggests the stock is setting up for another phase of outperformance into 2027
** PLTR's total addressable market "may be setting up for another step function change in depth" given the shift to sovereign AI, bespoke applications, and its newer verticalization strategy, Goldman says
** Brokerage says with the stock having underperformed in 2026, it's trading at a discount to growth comps on EV/FCF
** With the move on Thurs, PLTR stock up ~13% YTD, lagging the Nasdaq's .IXIC 18% rise; stock currently about 3% below its record intraday high of $207.52 achieved on Nov 3, 2025
** Of 33 brokerages covering the stock, 24 rate it "strong buy" or "buy", 7 rate "hold", while 2 recommend "sell" or "strong sell", per LSEG data
** Median PT of $212.50 up from $195 three months ago

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
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((lance.tupper@tr.com 1-646-279-6380))