Phillip Securities Cuts Palantir (PLTR) Target, Reiterates Buy Rating Again

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

On February 16, 2026, Phillip Securities analyst Paul Chew lowered the price target on Palantir Technologies Inc. (NASDAQ:PLTR) to $190 and reiterated a Buy rating on the stock. The firm had initiated coverage on the stock with a Buy rating and a price target of $208 on January 22, 2026. While the analyst acknowledges significant upward trends in U.S. commercial operations and the potential of Palantir’s differentiated technology stack, he remains cautious amid intense competition in the AI market.

Incidentally, as a rare occurrence, Freedom Capital double upgraded Palantir Technologies Inc. (NASDAQ:PLTR), elevating its rating from Sell to Buy and setting a price target of $170. Before this, the company had reported its fourth quarter earnings results on February 2, 2026, highlighting a 70% year-over-year revenue growth – one of the highest as a public company. The company’s EPS of $0.25 also surpassed the consensus estimate of $0.23.

Founded in 2003, Palantir Technologies Inc. (NASDAQ:PLTR) is a leading software company specializing in big data analytics and AI-driven operating systems. Its headquarters is located in Colorado.

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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