Truist Raises Palantir Price Target to $223
Truist Securities analyst Arvind Ramnani raised the price target on Palantir (PLTR) to $223 while maintaining a Buy rating on August 4, 2026.
“Sovereign AI Demand Reinforces Durable Growth, Expands TAM; Palantir remains our highest-conviction idea following another significant beatand-raise, with accelerating sovereign AI demand increasing our confidence in the durability of its growth profile.
Palantir reported an 8% beat on revenue and 12% op. income beat despite consensus already above the high end of guidance.
We believe PLTR is uniquely positioned at the intersection of AI deployment, multi-model orchestration, and rising sovereign AI adoption.
Importantly, the high-touch deployment model (FDEs) that once drew criticism increasingly appears to be the blueprint for enterprise AI adoption, reinforcing what we view as one of Palantir’s most durable competitive advantages.”
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