Goldman Sachs Upgrades Palantir to Buy With $230 Target

Goldman Sachs upgraded the stock rating of Palantir Technologies from neutral to buy, establishing a 12-month price target of $230. The upgrade follows a period of rapid growth for the software company, with shares increasing nearly 47% over the previous three months.

Analyst Gabriela Borges noted that Palantir is well-positioned to benefit from a shift toward sovereign AI and bespoke applications, especially within industries that lack high technical talent density. Borges identified the company's forward deployed engineering model as a key competitive advantage, enabling the automation of feedback loops through AI engineers.

This assessment aligns with a broader Wall Street consensus, as 23 out of 33 analysts currently maintain a buy or strong buy rating on the stock.