Shares of Palantir (PLTR) rose 0.92% to $137.20 following an upgrade by UBS from Neutral to Buy with a $180 price target. The analysts cited the stock’s 35% pullback from its peak and a strong demand backdrop for AI and data spending as key reasons for the move. This follows an earlier reaffirmed Buy rating and a $223 target from Truist Securities, which also raised its 2026 revenue and free cash flow estimates by over $1 billion each. The combined upgrades have shifted the near-term outlook for the data analytics firm.
The Palantir stock forecast changed direction after UBS upgraded PLTR from Neutral to Buy. This pushed Palantir stock to $137.20, up 0.92% on the session.
The UBS upgrade came with a $180 price target and a projection of 70% revenue growth in 2026. This reshaped the Palantir stock forecast 2026 outlook almost overnight.
The move followed a roughly 35% drop in shares from their peak. Analysts described that pullback as what made the Palantir stock forecast look attractive again at current levels.
UBS analysts stated their latest checks support a view that Palantir is facing a very strong demand backdrop. “Our latest checks supports a view that Palantir is facing a very strong demand backdrop as it sits at the intersection of AI and data spend,” they wrote.
On the pullback, UBS wrote they were “Taking advantage of this -35% move off the peak for the premier growth story in software.” The $180 price target was built on a 2027 free cash flow multiple of 69x.
The Palantir stock forecast 2026 picture had already started shifting before UBS acted. Truist Securities reaffirmed a PLTR buy rating with a $223 price target on February 3.
Truist called the company an “AI pure-play victor” and raised both its 2026 revenue and free cash flow estimates by over $1 billion each. It pointed to ten consecutive quarters of revenue growth as evidence of real adoption.
At the time of writing, Palantir stock sits well below both analyst targets. With the PLTR buy rating now backed by multiple major banks, the overall Palantir stock forecast has a real case behind it heading into 2026.
