Analysts upgraded PLTR to Buy and raised the price target by $10, citing competitive advantages in enterprise software.
Palantir Technologies (PLTR) saw its price target increased to $175 from $165 as DA Davidson upgraded the stock to Buy from Neutral. The move reflects confidence in the company’s competitive positioning in the enterprise software sector.
Prior to the upgrade, PLTR had traded with a Neutral rating and a lower target. The adjustment follows recent momentum in the software industry, though specific prior consensus estimates were not disclosed.
Shares of Palantir rose 3.5% in premarket trading following the announcement.