Goldman Sachs Upgrades Palantir Technologies to Buy from Neutral
Fintel reports that on October 8, 2026, Goldman Sachs upgraded their outlook for Palantir Technologies (NASDAQGS:PLTR) (BMV:PLTR) from Neutral to Buy.
Palantir Technologies Inc., based in the United States, primarily operates within the data analysis software industry. This company specializes in big data analytics, developing software that integrates, visualizes, secures, and analyzes information. Key to its offering are two main platforms: Palantir Gotham, used by government agencies, defense, and intelligence sectors; and Palantir Foundry, serving private institutions by enabling comprehensive data environments and enhancing operational efficiencies. Notably, Palantir is also engaged in projects focusing on artificial intelligence and public health, with significant involvements in pandemic response analytics and surveillance technologies.
Prior to the rating action, the stock closed at $194.12 on October 7, 2026. This latest close represents a price change of +3.78% over one week, compared to a baseline close of $187.05 on September 30, 2026. Over a one-month period, the stock has seen a price change of +11.35% from a baseline close of $174.33 on September 4, 2026.
As of October 2, 2026, the current consensus target mean for Palantir Technologies was $204.85, with a median target of $211.70. This mean target represents an implied change of +5.53% from the stock's valuation. Previously, on September 15, 2026, the prior consensus target mean was $203.67, indicating a consensus target revision of +0.58%.
In terms of analyst recommendations, for the period of September 1, 2026, the total recommendation count stood at 39. This consisted of 12 strong buy, 16 buy, 9 hold, 1 sell, and 1 strong sell recommendations, resulting in a positive percentage of 71.8%, a hold percentage of 23.1%, and a negative percentage of 5.1%. This compares to the prior period of August 1, 2026, which also had a total of 39 recommendations, consisting of 12 strong buy, 15 buy, 10 hold, 1 sell, and 1 strong sell, representing a positive percentage of 69.2%, a hold percentage of 25.6%, and a negative percentage of 5.1%.
Palantir Technologies last reported earnings on August 3, 2026. The company posted an actual EPS of 0.41, exceeding the estimated EPS of 0.3544, which represents an earnings surprise of +15.69%. Actual revenue for the quarter reached $1,935,464,000.00, compared to the estimated revenue of $1,840,805,587.00. The company's upcoming earnings date is scheduled for November 2, 2026.
In addition to the upgrade by Goldman Sachs, other firms have recently maintained their ratings on the stock. Rosenblatt maintained a Buy rating on September 23, 2026, and previously maintained a Buy rating on September 11, 2026. UBS maintained a Buy rating on September 15, 2026, while DA Davidson also maintained a Buy rating on September 11, 2026.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 8, 2026 | Goldman Sachs | Neutral | Buy | upgrade |
| September 23, 2026 | Rosenblatt | Buy | Buy | maintained |
| September 15, 2026 | UBS | Buy | Buy | maintained |
| September 11, 2026 | DA Davidson | Buy | Buy | maintained |
| September 11, 2026 | Rosenblatt | Buy | Buy | maintained |
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This story originally appeared on Fintel.