Is Palantir Technologies One of the Hottest Stocks to Buy in 2026?

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 10 Hottest Stocks to Buy in 2026.

On January 13, Citi increased the price target on Palantir Technologies Inc. (NASDAQ:PLTR) from $201 to $235 and reiterated its Buy rating.

Palantir is scheduled to report its Q4 FY2025 results on Monday, February 2, 2026. Wall Street expects the company to post revenue of almost $1.34 billion, which indicates a growth of over 62% from a year ago. On average, Street projects adjusted earnings of around $0.23 per share, representing more than 64% year-over-year growth.

Over the last year, through January 30, Palantir Technologies Inc.’s stock has jumped by more than 80%. PLTR has a consensus median price target of $202.50, implying more than 38% upside. The growth over the past year and further upside are fuelled by robust growth in Palantir Technologies Inc.’s commercial business and broader adoption of its Artificial Intelligence Platform (AIP).

On January 22, Phillip Securities began coverage on Palantir with a Buy rating, setting the price target at $208. The firm sees Palantir’s sales expanding by over 47% year-over-year to $4.2 billion in fiscal 2025, driven by a 51% increase in commercial sales as AI usage scales beyond defense contracts.

Palantir Technologies Inc. (NASDAQ:PLTR) is a technology company that develops data integration and analytics platforms for government agencies, the military, and corporations. Its flagship products, Gotham and Foundry, support intelligence operations, counterterrorism analysis, law enforcement, and enterprise analytics.

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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy NOW 

Disclosure: None. This article is originally published at Insider Monkey.