D.A. Davidson cites improved valuation and competitive edge over OpenAI and Anthropic for PLTR’s upgrade to buy.
Palantir Technologies (PLTR) received a buy rating upgrade from D.A. Davidson, which cited improved valuation and stronger enterprise appeal compared to rivals OpenAI and Anthropic. The firm’s shift from neutral reflects growing confidence in PLTR’s positioning amid AI competition.
PLTR stock has fallen 29% in 2026 after three consecutive years of triple-digit gains. The downgrade follows a broader tech sell-off but aligns with a recent rebound in software stocks. Shares rose 3% to above 129 in early trading Thursday, potentially ending a seven-session losing streak.
The upgrade highlights PLTR’s role in enterprise AI solutions, contrasting with consumer-focused AI competitors. Analysts view the pullback as a buying opportunity given the company’s long-term growth potential.