Overview
- Bank of America kept Palantir on its U.S. 1 Buy list for 2026, citing accelerating adoption of its Artificial Intelligence Platform and resilient government demand.
- Shares have more than doubled over the past year but trade at steep levels, including roughly 209x forward earnings and over 110x revenue.
- Profitability has strengthened, with a GAAP operating margin near 33%, an adjusted operating margin of 51%, and a profit margin above 16%.
- A Seeking Alpha analysis on Jan. 28 set a base-case target of $183.84, pointing to operating leverage, free cash flow, and an unused $1 billion buyback while flagging more limited near-term upside.
- Investors are watching early-February earnings and recent developments—such as a reported Hyundai deal worth hundreds of millions and a new EMEA data center collaboration—for evidence that growth can support current multiples.