Goldman Sachs upgrades Palantir to Buy with $230 price target
What happened
Goldman Sachs upgraded Palantir to Buy from Neutral with a $230 price target on Thursday, saying Palantir's total addressable market is poised to grow. The target implies roughly 18% upside from Wednesday's closing price of $194.12, and shares rose 2.5% in Thursday morning trading following the upgrade.
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Start your free 14-day trialWho’s affected
- Palantir (PLTR) — direct: upgrade from Neutral to Buy with an $230 target implying ~18% upside from the $194.12 Wednesday close; shares rose 2.5% Thursday morning
- AI software peers (e.g., CrowdStrike, enterprise AI names) — read-through for institutional confidence in enterprise AI budgets and TAM expansion
Sources