Piper Sandler Raises Palantir Price Target to $230

February 3, 2026 Analyst: Clark Jeffries 1 min read Reproduced verbatim
Rating
Buy
Target
$230
from $225 (+2%)
Upside
+17%
PLTR at $197 today
Piper Sandler and Palantir logos

What the analyst said

Piper Sandler analyst Clark Jeffries raised the price target on Palantir (NASDAQ: PLTR) to $230.00 (from $225.00) while maintaining an Overweight rating.

“‘Sine Pari’, After Immense Acceleration in 2025, PLTR Guides 61% Growth for ’26; Closing out 2025, Palantir continues to prove the company is without equal in the software market, reaching 70% revenue growth in 4Q paired with 57% EBIT margins for a Rule of 40 score of 127%.

Dual exposure to the growing investment cycle around operational AI in U.S. enterprises and comprehensive Warfighter-to-Washington modernization efforts happening in the Federal government, PLTR is more aligned, in our view, to the most compelling areas of market growth than any other name in our coverage.

We are raising our PT to $230, maintain our Overweight rating with, again, especially higher confidence in LT profitability based on incremental margins >70% this quarter.”

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Where the price stands

PLTR trades at $197. The 17 analysts who set a target in the last 3 months range from $90 to $265, with a median of $230. This $230 target is in line with the median.

Since the note PLTR has moved +33% (from $148). 12-month window: day 261 of 365, closes on February 3, 2027.

Track record

This callOpen: PLTR has not reached $230 yet. This 12-month target is scored on February 3, 2027.

Firm track recordPiper Sandler: 88% of its 24 targets at least a year old were reached within 12 months (#8 of 28 firms); on Palantir, 2 of 2. Accuracy ranking →

Earnings reactionOne of 10 notes after Palantir’s Feb 2 results: 4 of 10 raised targets. See every call →

Piper Sandler on Palantir

Piper Sandler price targets on Palantir

5 calls from July 24, 2025 to August 4, 2026. The target went from $170 to $230 (+35%). The rating stayed Buy.

Piper Sandler targetPLTR share price
  1. August 4, 2026Kept the $230 targetBuy$230
  2. May 5, 2026Kept the $230 targetBuy$230
  3. February 3, 2026 This noteTarget raised from $201 (+14%)Buy$230
  4. October 14, 2025Target raised from $170 (+18%)Buy$201
  5. July 24, 2025Earliest call shownBuy$170
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.