AVENTURA, FLORIDA — DA Davidson analyst Gil Luria upgraded Palantir Technologies stock to "Buy" from "Neutral" and raised its price target to $175 from $165 on July 2, 2026. Following the upgrade, Palantir Technologies shares rose by 2.84% on that day.

Luria stated that recent developments in the AI industry highlight the growing need for software that can orchestrate multiple AI models. He said Palantir already excels in this area. Luria also cited tensions between Anthropic and the U.S. government as exposing the risks of relying on a single AI provider.

Palantir Technologies, headquartered in Aventura, Florida, holds a market capitalization of approximately $310 billion. The company offers four main products: Gotham, Foundry, Apollo, and the AI Platform.

Prior to July 6, 2026, Palantir Technologies stock had experienced an increase of 17.62% over the preceding five trading sessions. However, the stock had declined by 1.14% over the 52 weeks prior to July 6, 2026. It also lost 2% in the month before July 6, 2026, and fell 25.27% year-to-date as of that same date.

Analysts project Palantir Technologies' Q2 FY2026 earnings per share (EPS) to be $0.27, representing a 107.7% year-over-year growth. The forecast for full-year FY2026 EPS is $1.16, indicating an 84.1% increase from the previous year. For FY2027, projections indicate an EPS of $1.63, a 40.5% rise from FY2026.

Currently, Palantir Technologies stock is trading at 87.60 times forward adjusted earnings and 40.16 times sales. Among 29 analysts covering the company, 20 recommend "Strong Buy," seven recommend "Hold," one recommends "Moderate Sell," and one recommends "Strong Sell." The average analyst price target for the company is $193.63, with the highest target set at $255.