Truist Reiterates Buy on Palantir, $223 Price Target

Analyst: Arvind Ramnani 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$223
Unchanged
Upside
+27%
PLTR at $175 today
Truist and Palantir logos

What the analyst said

Truist Securities analyst Arvind Ramnani reiterated a Buy rating and $223 price target on Palantir (NASDAQ: PLTR).

“We hosted JC Christian, president of an AI-focused recruiting firm, for an investor call to discuss why elite FDEs may be scarcer than data centers or chips.

The firm conducted a 6-month study spanning 250+ C-suite interviews and analysis of 300+ FDEs and AI professionals.

As Anthropic, OpenAI and hyperscalers attempt to replicate the FDE approach, we view PLTR as structurally advantaged, having pioneered the FDE model and having trained ~80% of all elite FDEs.

We discussed drivers of FDE demand, PLTR’s positioning, and implications for AI labs.

Overall, he was positive on PLTR; views Anthropic and OpenAI as talented, but still early; and had a bleaker outlook for IT Services.”

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Where the price stands

PLTR trades at $175. The 17 analysts who set a target in the last 3 months range from $130 to $265, with a median of $250. This $223 target is 11% below the median.

Since the note PLTR has moved 0% (from $176). 12-month window: day 70 of 365, closes on August 25, 2027.

Track record

This callOpen: PLTR has not reached $223 yet. This 12-month target is scored on August 4, 2027. Same target as this firm’s August 4, 2026 note, so it is scored there.

Firm track recordTruist: 78% of its 27 targets at least a year old were reached within 12 months (#17 of 26 firms). Accuracy ranking →

Truist on Palantir

Truist price targets on Palantir

7 calls from January 6, 2026 to November 3, 2026. The target went from $223 to $250 (+12%). The rating stayed Buy.

Truist targetPLTR share price
  1. November 3, 2026Target raised from $223 (+12%)Buy$250
  2. August 25, 2026 This noteKept the $223 targetBuy$223
  3. August 4, 2026Kept the $223 targetBuy$223
  4. June 4, 2026Kept the $223 targetBuy$223
  5. May 5, 2026Kept the $223 targetBuy$223
  6. March 11, 2026Kept the $223 targetBuy$223
  7. January 6, 2026Earliest call shownBuy$223
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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.