Palantir Gains After Goldman, Barclays Issue Bullish Calls

Palantir Technologies shares advanced after Goldman Sachs upgraded the company to Buy and Barclays initiated coverage with an Overweight rating, adding two bullish analyst calls within consecutive trading sessions. The recommendations cited demand for artificial intelligence software, including systems tailored to governments and large organizations, while also drawing attention to the company’s high valuation. Goldman Sachs analyst Gabriela Borges raised the firm’s rating from Neutral to Buy and set a $230 price target. The target was about 18% above Palantir’s Wednesday, October 7, closing price of $194.12. The shares rose 1.8% to $197.53 on Thursday, October 8, according to market reports. Barclays analyst Anthony Valentini initiated coverage after Thursday’s close with an Overweight rating and a $265 target. Palantir rose on Friday, October 9, as the call added to the positive analyst attention. One market report said the stock reached a new 52-week high during Friday trading, touching $207.85; prices cited in Friday reports varied with the time of observation.