DA Davidson Raises Palantir Price Target to $250

DA Davidson analyst Gil Luria raised the price target on Palantir (NASDAQ: PLTR) to $250 (from $200) while maintaining a Buy rating.

“Palantir’s AIPCon11 was focused on AI sovereignty and its approach appears to be embraced by customers. We see an increasingly long runway for PLTR and are raising our price target to $250 from $200.

Palantir’s push into data sovereignty is resonating with customers.

Customers are getting savvier about what AI model they need and how to work with a range of models and Palantir is capitalizing on that trend.

Trust means Palantir is naturally positioned to become the control plane, orchestration layer and harness provider for a wide range of customers.

Palantir is creating those layers for customers and solving the problem of choosing models and managing token costs.

It helps that OpenAI and Anthropic keep getting caught with their hand in the cookie jar.

In spite of the fact that the frontier labs swear they don’t look at customer data, that is becoming comically false.

The most striking example came this week when OpenAI appeared to have taken away and then tried to scoop a mathematician’s solution to Navier Stokes.

If they are willing to do that to an academic, it may be hard for enterprises to trust them with the very information that has made them successful.

The NVIDIA announcement really drove home the point about trust.

Palantir built a supply management system for NVIDIA leveraging Nemotron, which appears to address one of the most important challenges for the most important company in the world.

With confidence in a long growth ramp and higher software valuations we reiterate our BUY rating and increase our price target to $250 from $200.

We can sense that more institutional investors are starting to understand they do not own enough PLTR.”

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