Palantir’s Stock Gains New Bull As Truist Initiate at $223

Palantir Technologies Inc. (PLTR) is experiencing renewed market optimism as Truist Securities initiated coverage with a “Buy” rating and a price target of $223. The stock, currently priced at $175.34, is 0.75% higher in the pre-market, following on nicely from yesterday's 3.68% gain.

The Truist endorsement emphasizes Palantir's strategic alignment with the growing adoption of artificial intelligence (AI) across both government and enterprise sectors. The firm anticipates that Palantir will maintain a strong margin profile while capitalizing on AI-driven growth opportunities. This bullish outlook is further supported by recent price target increases from other major financial institutions.

Bank of America Securities, for example, recently raised its price target for Palantir to $255, reiterating a “Buy” rating. This adjustment reflects expectations of accelerated growth as more organizations recognize the value of Palantir's AI offerings, which the firm views as a comprehensive solution encompassing training, specialized software, and expertise in AI foundational data engineering. Similarly, UBS increased its price target to $205, maintaining a “Neutral” rating, citing Palantir's consistent revenue growth acceleration. The company's revenue growth has improved from 13% in Q2 2023 to 63% in Q3 2025, reaching a revenue scale of $4.7 billion.

Wedbush also boosted its price target to $230, maintaining an “Outperform” rating, ahead of Palantir's recent earnings release. Analysts at Wedbush expressed optimism about Palantir's growth potential in the AI sector, suggesting the company could reach a trillion-dollar market cap within the next few years driven by strong demand for its Artificial Intelligence Platform (AIP) across commercial and government sectors. Even Deutsche Bank has revised its stance, upgrading Palantir from a “Sell” to a “Hold” rating, with a significantly increased price target of $160, reflecting a more favorable outlook on the company's stock performance.

Strategic Partnerships and Market Position

Palantir's strategic partnerships and contract extensions further solidify its market position. Collaborations with L3Harris Technologies have improved night-vision goggle production through enhanced data collation and modeling. The U.S. Navy and Palantir have announced “ShipOS,” software designed to accelerate shipbuilding and maintenance, initially focusing on submarines, with potential expansion to aircraft carriers and jets.

Palantir has also partnered with Accenture to launch a global business group aimed at accelerating enterprise AI deployment. Moreover, the company has extended its contract with France's domestic intelligence agency, the DGSI, for an additional three years.