Palantir Stock Forecast Shifts on UBS Upgrade Amid AI Demand Surge
Palantir Technologies Inc. (PLTR) shares ROSE 0.92% to $137.20 after UBS upgraded the stock from Neutral to Buy, citing a unique position at the intersection of AI and data infrastructure. The $180 price target reflects a 2027 free cash flow multiple of 69x, with analysts projecting 70% revenue growth by 2026.
The upgrade follows a 35% retreat from peak valuations, which UBS framed as an entry point given Palantir’s mid-50% operating margins. 'Our checks confirm Palantir faces unprecedented demand as AI model investments accelerate,' stated UBS analysts, highlighting the company’s exposure to defense and commercial data spending cycles.
Truist’s earlier bullish rating adds momentum, with both firms emphasizing Palantir’s first-mover advantage in AI-driven decision platforms. The stock now trades at a 20% discount to its 2024 high despite securing $1.3 billion in government contracts year-to-date.
