Piper Sandler Reiterates Overweight on Palantir, $230 Price Target
Piper Sandler analyst Clark Jeffries reiterated an Overweight rating and $230.00 price target on Palantir (NASDAQ: PLTR).
“The U.S. Gov. business reached new heights this Q as expediting warfighter capabilities resulted in growth accelerating 18pts q/q to 84% y/y growth.
Led by expansion of Maven (2x usage over the last four months) but also surging activity related to Warp Speed, US Government was the primary source of the +10pt raise in FY26 growth expectations, with US Commercial contributing +$80M or +180bps.
While there was some modest benefit from the reclassification of a customer from Commercial to Government based on the graduation of that company’s activities to a government-funded program, Palantir continues to have exceptional exposure to high-impact US Gov. programs and would still have accelerated regardless.
With still unparalleled fundamentals: 85% growth + 60% EBIT margins = Rule of 40 score of 145%”
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
