UBS Lifts Palantir’s Price Target to $205
UBS analyst Karl Keirstead raised the price target on Palantir to $205 (from $165) while maintaining a Neutral rating.
“Palantir reported its 9th straight quarter of revs growth acceleration, a turnaround that we’ve never seen before, from +13% in 2Q23 to just-reported 3Q25 growth of +63%, impressive growth while at a $4.7 billion revs scale.
The key takes for us are twofold – a) with a modest beat, the guide implies even faster growth in 4Q25 (we’re modeling +67%) and b) US commercial TCV/bookings of $1.3 billion were +342%, materially improving the revs growth visibility in the coming years.
Palantir’s quarter is a positive read-through to the broader data software segment.
We remain very positive on the fundamentals and it is only valuation (157x CY26e FCF) that keeps us Neutral rated.
Note, the CFO of Palantir is attending the UBS Tech & AI Conference in AZ Mon Dec 1st.”
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