Palantir shares hit a new high: Barclays followed Goldman in recommending a buy

Shares of Palantir, a software developer specializing in artificial intelligence, hit a new all-time high for the first time since November 2025. During trading on October 9, they rose 5.2% to $209.05. Investors reacted to positive ratings of the company from Barclays and Goldman Sachs, according to Yahoo Finance.

On Friday, Barclays analyst Anthony Valentini initiated coverage of Palantir with an “outperform” rating and a price target of $265, which is nearly 27% higher than the closing price on October 9. According to him, Palantir “possesses deep competitive advantages that enable it to deliver unmatched growth and profitability,” writes GuruFocus.

According to Valentin, Palantir, a U.S. government contractor, is benefiting both from the spread of AI and the U.S. government’s efforts to integrate data into unified information systems. At the same time, the company combines revenue growth of nearly 100% year-over-year with an adjusted EBITDA margin (earnings before interest, taxes, and depreciation, excluding certain one-time and non-cash expenses) of over 60% and relatively low capital expenditures, according to a Barclays TipRanks note.

Barclays’ assessment came a day after a team of Goldman Sachs analysts led by Gabriela Borges upgraded their recommendation on Palantir shares from “neutral” to “buy.” “The main takeaway from our recent discussions with industry representatives is that [Palantir] stock appears to be poised for a new phase of outperformance in 2027,” the analysts noted. According to their assessment, Palantir’s potential market “could expand thanks to the shift toward sovereign AI, specialized applications, and Palantir’s new strategy,” under which the company’s engineers work directly with clients and tailor the software to their specific needs.

Also this week, tech analyst Dan Ives named Palantir one of his top five tech picks for 2027. “In our view, investors are underestimating the scale and scope of this $4 trillion wave of [AI] spending over the next few years,” Ives wrote on social media platform X, noting that Palantir will be one of the beneficiaries of this spending.

Overall, Wall Street views the prospects for the AI solutions provider’s stock positively. Of the 36 analysts tracking Palantir’s stock, 26 recommend buying it, eight recommend holding it, and only two recommend selling it. However, analysts do not expect the stock to rise: the average price target is nearly $206, which is 1.4% below the closing price on October 9.

This article was AI-translated and verified by a human editor