UBS upgrades Palantir to Buy with shares down 35% from peak

UBS upgraded Palantir (PLTR) to Buy from Neutral with an $180 price target The firm cites valuation for the upgrade, telling investors to buy the stock post the 35% selloff from the peak. Palantir is a “premier growth story” in software and is “at the nexus of the two most powerful spending trends – AI and Data,” the analyst contends. At current valuation levels, UBS finds Palantir shares “very attractive” given its estimate for 70% revenue growth in 2026 and stable mid-50% margins. The firm says its latest checks support the view that Palantir is “facing a very strong demand backdrop.”