STOCKS | UBS Upgrades Palantir to Buy Amid AI Demand Surge

UBS has upgraded Palantir Technologies (PLTR) from Neutral to Buy, setting a price target of $180 and projecting a 70% revenue growth by 2026. According to NS3.AI, this move has increased optimism around Palantir's stock, especially following a recent 35% decline in share price, which is now seen as a buying opportunity. The upgrade is attributed to the rising demand for AI and data infrastructure. Previously, Truist Securities had reaffirmed its buy rating with a $223 target, emphasizing strong revenue growth and AI adoption. This has led to a bullish consensus among major banks regarding Palantir's future prospects.