Oppenheimer Reiterates Outperform on Palantir, $200 PT
Oppenheimer analyst Param Singh reiterated an Outperform rating and $200 price target on Palantir (NASDAQ: PLTR).
“Palantir reports 2Q26 earnings on August 3rd.
We expect a solid 2Q top-line beat (~85% YoY growth vs. 79% mid-point guide), and for the company to raise full-year guide to >75% growth (vs. +71% currently).
Within Government, US remains the core driver and we see 2Q growth in the low 80s% on increased DHS spending and the war in the Middle East.
Our checks also indicate positive expansion across multiple US military branches and combatant commands.
We see less growth internationally as multiple European allies continue to look for alternatives.
US Commercial demand also remained highly robust (estimate >135% YoY growth for 2Q), and Palantir appeared immune to deal push-outs seen at other software vendors.
Reiterate Outperform and PT of $200.”
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