Palantir Technologies (NASDAQ: PLTR) has seen a wave of analyst upgrades after delivering stronger-than-expected second-quarter 2026 results and raising its full-year outlook.
The software and artificial intelligence company reported adjusted earnings of $0.41 per share, ahead of Wall Street estimates of $0.34.
Meanwhile, revenue reached $1.94 billion, topping forecasts of $1.81 billion and marking a 93% year-over-year increase. Notably, U.S. commercial revenue surged 149%, underscoring accelerating demand for the company’s AI platform.
As a result, several Wall Street firms raised their Palantir stock price targets, citing record commercial bookings, expanding profitability, and improving long-term growth prospects.
According to analyst consensus data from TipRanks on August 4, Palantir carries a ‘Moderate Buy’ rating based on 21 analyst reviews.
Of those, 16 analysts recommend buying the stock, three suggest holding, and two maintain sell ratings.
Furthermore, the average 12-month Palantir stock forecast stands at $188.82, implying roughly 50% upside from the previous closing price of $125.65. Current price targets range from $80 to $245.
The bullish outlook follows a sharp rally in PLTR shares. Following the earnings release, the stock surged in after-hours trading to approximately $144.45, extending gains from its regular-session close of $125.65.
Breakdown of analyst take on Palantir stock
Among the analysts, DA Davidson raised its price target on Palantir to $200 from $175 while maintaining a ‘Buy’ rating. The firm also increased its fiscal 2027 revenue estimates by 7% following management’s upgraded guidance. In addition, analysts highlighted Palantir’s position among the strongest-performing software companies based on growth and profitability metrics and see further upside despite the stock’s premium valuation.
Similarly, Citi analyst Tyler Radke raised his price target to $245 from $200 and reiterated a ‘Buy’ rating. The upgrade was driven by accelerating revenue growth, record U.S. commercial performance, and stronger contract metrics. Citi also increased its 2026 revenue forecast and long-term growth assumptions after Palantir raised full-year revenue guidance by $500 million and lifted its U.S. commercial growth outlook to 134% from 120%.
Meanwhile, William Blair analyst Louie DiPalma noted that Palantir continues to deliver strong commercial execution despite intensifying competition from major AI companies. He pointed to roughly 150% growth in U.S. commercial revenue and a 158% increase in commercial booking value, indicating sustained enterprise demand. DiPalma also highlighted the company’s government business, including its NATO Maven Smart System contract, as an additional growth driver.
Elsewhere, Deutsche Bank upgraded Palantir from ‘Hold’ to ‘Buy’ and set a $200 price target. Piper Sandler maintained its ‘Overweight’ rating with a $230 target, while Rosenblatt reiterated its ‘Buy’ rating and $225 target.
Collectively, these firms remain optimistic about Palantir’s ability to benefit from growing AI adoption across both commercial and government markets.
