Goldman Sachs Raises PT on Palantir Technologies Inc. (PLTR) to $141; Maintains 'Neutral' Rating

With strong share price gains and significant hedge fund interest, Palantir Technologies Inc. (NASDAQ:PLTR) secures a spot on our list of the 11 Hot Software Stocks to Buy Now.

On August 5, 2025, Goldman Sachs raised its price target on Palantir Technologies Inc. (NASDAQ:PLTR) from $90 to $141, maintaining a ‘Neutral’ rating. The company’s share price has grown by over 5x in the past year. Rising enterprise adoption has fueled the company’s recent growth, increasing investor confidence.

The price revision comes after a solid Q2 performance. The company’s total revenue grew 48% YoY, reaching just over $1 billion. During the quarter, Palantir Technologies Inc. (NASDAQ:PLTR) closed a record-setting $2.27 billion of total contract value, a 222% YoY growth. Furthermore, the company raised its FY25 revenue guidance to 45% and U.S. commercial revenue guidance to 85% YoY, beating estimates. Meanwhile, customer count increased by 43% YoY and 10% quarter-over-quarter.

Goldman Sachs cited the company’s strong fundamentals and the early-stage potential of the custom AI software market. At the same time, the investment firm remains wary of the increasing competition, which could potentially impact the company’s dominant position.

Palantir Technologies Inc. (NASDAQ:PLTR) enables strategic, operational, and security decision-making for enterprises and governments with its AI-driven software platforms. It is included in our list of the hot stocks to buy.

While we acknowledge the potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.