PLTR
Same story, shinier wrapper
D.A. Davidson took another lap around Palantir and came back with the same verdict: Neutral, with a $180 price target. That’s not exactly a screaming buy, but it’s also not a disaster. It’s the financial equivalent of saying, “You’re impressive, but maybe let’s not get carried away.”
The bull case is still loud
The firm said it came away more confident in Palantir’s market-leading position after a webinar with SigmaIQ’s Duane Massie and Palantir commercial chief Ryan Mead. Translation: the AI story is still very much alive, and Palantir’s pitch remains sticky enough to keep analysts interested.
A few things are doing the heavy lifting here:
- Palantir’s revenue grew 56% over the last 12 months
- Analysts are expecting 61% growth in fiscal 2026
- D.A. Davidson pushed back on the idea that frontier model providers will steamroll Palantir
That’s the kind of narrative Wall Street loves to debate over overpriced coffee: is Palantir the platform, or just the latest AI darling with a very ambitious multiple?
Why investors should care
The stock was already trading around $142.15 at the time of the note, with a P/E of 225. So even a bullish-sounding review can land with a thud if the valuation looks like it was built on a dare.
And while the firm said its price target is under review pending earnings, that’s the real tell here: this is less about a dramatic call and more about the market trying to decide whether Palantir’s growth can keep outrunning its price tag.
Big picture: Palantir is still winning the “cool company” contest. The harder question is whether the stock has already priced in all the applause.