Baird Reiterates Outperform on Palantir, $200 PT

Baird analyst William Power reiterated an Outperform rating and $200 price target on Palantir (NASDAQ: PLTR).

“Expecting another strong quarter. PLTR reports Q2 results Monday 8/3.

We expect strong Q2 results (revenue growth could accelerate for the 12th consecutive quarter), supported by likely upside in US Commercial and US Government.

Looking ahead, we believe 2026/2027 numbers continue to move higher (we’re anchoring to $8 billion of FCF in 2027 as a reasonable upside case, vs. our current $6.7 billion estimate), and think the stock’s recent digestion period presents a good opportunity to purchase a premier AI growth asset that continues to grow into its valuation.”

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