Palantir Stock Rises as Goldman Turns Buy With $230 Target

Palantir Technologies (NASDAQ: PLTR) stock rose about 2.39% to $198.76 in Thursday premarket trading as Goldman Sachs upgraded the AI software company to “Buy” from “Neutral” and set a $230 price target, adding another positive analyst call after Dan Ives initiated coverage with a $250 target a day earlier.

The premarket advance followed a three-session regular-hours winning streak. Palantir closed Wednesday at $194.12, up 1.07%, bringing its gain from Friday’s close to about 2.8%.

Goldman Moves From Neutral to Buy

Goldman analyst Gabriela Borges upgraded Palantir to Buy and set a $230 target, reversing a relatively cautious stance less than two weeks after the firm reiterated Neutral with a $204 target. 

Its Sept. 28 research had highlighted Palantir’s competitive advantages, including the durability of its forward-deployed engineer model and the potential depth of its total addressable market, but stopped short of upgrading the shares. The new objective stands about 18.5% above Palantir’s Wednesday closing price.

In a recent research note, Goldman highlighted Palantir’s approximately $8 billion revenue run rate and noted that the company’s revenue growth was close to 100%. The firm cited these figures when discussing the potential for continued outperformance through 2027. It also identified opportunities in sovereign AI, customized applications and a broader range of industry-specific uses as factors that could expand Palantir’s addressable market.

Those arguments are grounded in Palantir’s recent operating growth. Second-quarter revenue reached $1.935 billion, up 93% from a year earlier, while U.S. commercial revenue surged 149% to $764 million and U.S. government revenue increased 90% to $809 million. Palantir also raised its 2026 revenue outlook to between $8.150 billion and $8.158 billion.

Ives’ $250 Call Adds to the Analyst Reassessment

Goldman’s move follows Yorkville Ives analyst Dan Ives’ initiation of Palantir coverage on Wednesday with an Outperform rating and a $250 price target. That target is about 28.8% above Wednesday’s close and sits near the upper end of current Wall Street estimates.

Ives’ assessment emphasizes Palantir’s ability to turn enterprise AI projects into operating systems that customers use in their businesses. Yorkville Ives cited demonstrations at Palantir’s AIPCon 10 and the company’s practice of assigning engineers to work directly with customers as evidence supporting its view of Palantir’s deployment capabilities.

Other Palantir Developments

Palantir CEO Alex Karp is also scheduled to join Zeta Global CEO David A. Steinberg on Thursday at Zeta Live 2026 in New York to discuss data sovereignty and enterprise AI. The appearance builds on the companies’ June partnership, under which Zeta is restructuring its Data Cloud platform using Palantir Foundry to connect customer intelligence with Palantir’s governance and operational infrastructure.

Separately, Palantir Technologies Tokenized Stock (PLTRon), an Ondo tokenized instrument that provides economic exposure to PLTR, traded at $198.13, up 3.23% over the previous 24 hours, according to CoinMarketCap. The tokenized instrument trades around the clock, while Palantir shares follow Nasdaq trading hours. As a result, the token’s 24-hour percentage change and Palantir’s premarket gain cover different trading periods and cannot be compared directly.