Piper Sandler Raises Palantir’s Price Target to $201

Piper Sandler analyst Brent Bracelin raised on October 14, 2025, the price target on Palantir Technologies to $201 (from $182), while maintaining a ‘Overweight’ rating.

“There is no argument PLTR’s valuation leaves no margin for error, particularly if any signs of moderating growth emerge, however we argue with tremendous visibility on future revenue (>$7B of defined contract value + est. ~$4B of IDIQ contract value), accelerating tripledigit growth in Commercial bookings YTD, and unparalleled wallet share opportunity across $1T of U.S.

Defense Spending (which could allow PLTR to 2-3x the current government business and still be 10x smaller that the biggest Defense Primes) – PLTR has not reached peak growth & therefore we do not see a catalyst to halt current momentum.”

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