Goldman Sachs upgrades Palantir to Buy with $230 price target, citing AI growth and strong Q2 results
Goldman Sachs raised its rating on Palantir Technologies from Neutral to Buy and set a 12‑month price target of $230. Analyst Gabriela Borges highlighted the company's expanding sovereign AI market, its forward‑deployed engineering model and a 93% year‑over‑year Q2 revenue jump to $1.94 billion. The firm also lifted its full‑year revenue guidance to $8.15‑$8.16 billion. The upgrade sent the stock higher in pre‑market trading.
Why it matters
The upgrade implies an estimated 18% upside from the current price, which could attract buy‑side interest (Goldman Sachs note). The higher revenue guidance may improve earnings expectations for the rest of the year (Goldman Sachs note).
Key facts
- 1Goldman Sachs upgraded Palantir from Neutral to Buy and set a 12‑month price target of $230, implying about 18% upside. investing.com
- 2Palantir shares closed at $194.12 and were indicated to open at $199.05 in pre‑market trading. investing.com
- 3Q2 revenue was $1.94 billion, up 93% year over year. finance.biggo.com
- 4U.S. commercial revenue rose to $764 million, up 149% YoY. finance.biggo.com
- 5U.S. government revenue rose to $809 million, up 90% YoY. finance.biggo.com
- 6Full‑year revenue guidance was raised to $8.15 billion‑$8.16 billion from $7.65 billion‑$7.66 billion. finance.biggo.com
Open questions
- Material 11 reports a $250 price target, conflicting with the $230 target in most other sources.
- Material 9 also mentions a $250 target from Dan Ives.
Summary written by AlphAI from 20 of 28 sources. Not investment advice. Figures are as stated by the linked sources.