Palantir Technologies Stock Rises After Analyst Upgrade

Shares of the data analytics company climb 1.3% following a buy rating and price target increase from UBS Group.

Feb. 26, 2026 at 10:09pm

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Shares of Palantir Technologies Inc. (NASDAQ:PLTR) rose 1.3% on Thursday after UBS Group upgraded the stock from neutral to buy and set a price target of $180. The upgrade comes as Palantir continues to see strong demand for its data integration and analytics platforms, particularly in the government and defense sectors. The company recently received a key security authorization from the U.S. Department of Defense, expanding its addressable market.

Why it matters

Palantir's ability to secure high-profile government and enterprise contracts is crucial to its long-term growth. The UBS upgrade and positive sentiment around the company's recent milestones suggest Wall Street sees further upside potential, despite ongoing concerns about the stock's valuation and governance issues.

The details

In the latest trading session, Palantir shares reached a high of $137.51 before closing at $135.94, up 1.3% from the previous close. Trading volume was down 13% from the average daily volume. The upgrade from UBS comes after the research firm previously had a neutral rating on the stock. UBS cited Palantir's strong commercial momentum and adoption of its Foundry and Gotham platforms as reasons for the more bullish outlook.

  • Palantir shares traded as high as $137.51 on Thursday.
  • Palantir closed the trading session at $135.94, up 1.3% from the previous close.

The players

Palantir Technologies Inc.

An American software company that specializes in big data analytics. It was founded in 2003 and went public in 2020.

UBS Group

A Swiss multinational investment bank and financial services company. It upgraded Palantir's stock from neutral to buy and set a $180 price target.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

Palantir's strong government and commercial momentum, as evidenced by its recent contract wins and product authorizations, continue to drive investor optimism around the stock. However, concerns remain about the company's valuation and governance issues, which could limit further upside in the near term.