UBS Reiterates Palantir’s ‘Neutral’ Rating and $165 PT

UBS analyst Karl Keirstead reiterated on September 9, 2025, a ‘Neutral’ rating and $165 price target on Palantir Technologies.

“Over the last few weeks we spoke with 3 checks (one of Palantir’s largest customers as well as two Palantir services partners) to stay current on demand trends and we also recently met with the CFOs of Palantir as well as privately-held Anduril to sharpen our view of both stories as well as Defense spending trends.

Bottom line, we remain very constructive on Palantir’s fundamentals and didn’t pick up any evidence of emerging pressure in the commercial or government segments.”

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