UBS Raises Price Target for Palantir Amid AI Momentum
On September 15, 2026, UBS analyst Karl Keirstead raised his price target for Palantir Technologies (PLTR) to $250 from $220, reiterating a Buy rating. The adjustment followed the company’s AIPCon11 event on September 10, where discussions highlighted growing demand and real-world deployment of its AI platform across diverse industries beyond government and defense. Keirstead emphasized three key takeaways: increased focus on data sovereignty among enterprises, broader industry adoption, and a shift from pilot programs to production use. Palantir’s Q2 results also supported the bullish outlook with $3.4 billion in bookings and 157% net dollar retention rate. UBS has raised its target for the third time this year. Despite strong fundamentals, Wall Street remains divided on Palantir's valuation, which currently sits below average analyst targets around $194. Keirstead argues that recent sell-offs have created a buying opportunity and positions Palantir favorably against peers like Snowflake and CrowdStrike.
Tickers: $PLTR