PLTR
Main character energy, indeed
Palantir just got a shiny new endorsement from D.A. Davidson, which upgraded the stock from neutral to Buy and slapped a $175 price target on it. Translation: the firm thinks PLTR has a lot more room to run, even after the stock has already had one of those eye-watering, hard-to-ignore runs that makes everyone at the dinner table ask, “Wait, how did that happen?”
Why the Street is suddenly extra excited
The bullish call wasn’t just vibes and a strong cup of coffee. Gil Luria argued that Palantir is turning real AI hype into actual business results, with soaring profits, sticky customer demand, and a valuation he still sees as workable relative to software peers.
A few nuggets from the note:
- Palantir is reportedly growing at about twice the rate of peers like Snowflake and Datadog.
- CEO Alex Karp’s call for 50% to 70% recurring growth over the next three years was described as plausible.
- The company’s “forward-deployed engineers” model keeps it closer to customers than the average software vendor that just hands over a login and wishes you luck.
Why investors should care
The bigger story here is that Palantir keeps getting framed less like a hype stock and more like a software platform that actually ships outcomes. That matters because when analysts start talking about business results instead of just AI buzzwords, the market usually listens a little harder.
Yes, the stock still looks expensive on some metrics. But when an analyst says the company is growing fast enough to justify the premium, you get a fresh fuel can for the bull case — and maybe a few more sleepless nights for the skeptics.
Big picture: Palantir didn’t just get another upgrade. It got a fresh round of “what if this one really is different?” energy, and Wall Street loves that game almost as much as it loves a good model revision.