Palantir (PLTR) Poised for 10% Upside, Analyst Says with Street-High Price Target

Piper Sandler analyst Brent Bracelin initiates coverage of Palantir Technologies with a bullish rating and Street-high price target.

Palantir Technologies shares surged to a new 52-week high of $160.06 following Piper Sandler's optimistic coverage initiation. Analyst Brent Bracelin highlighted the company's distinctive growth and margin model, setting a Street-high price target of $170. The bullish assessment suggests approximately 10% upside potential from current levels, reflecting strong confidence in Palantir's business fundamentals and market positioning.

• Palantir stock hit new 52-week high of $160.06 after positive analyst coverage
• Piper Sandler initiated coverage with bullish rating and $170 price target
• Analyst praised company's unique growth and margin business model
• Price target implies roughly 10% upside potential from current trading levels