UBS Raises Palantir’s Price Target to $165

UBS analyst Karl Keirstead raised the price target on Palantir Technologies to $165 (from $110), while maintaining a ‘Neutral’ rating.

“Palantir reported its 8th straight quarter of revs growth acceleration, a turnaround that we’ve never seen before, from 13% growth in 2Q23 to a just- reported 2Q25 growth rate of 48%, while at a $4 billion revs scale.

Palantir raised the full year 2025 total growth guidance to 45% from 36%, without compromising on the non-GAAP margin target, which was inched up to 46%.

Palantir is benefiting from a confluence of mega-trends in AI application development, investments at the data layer and the modernization of defense tech, but valuation at 136x CY26E FCF remains our key hurdle and we remain Neutral rated.

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