Here's How Analysts Reacted To Palantir (PLTR) Stock's Dip In February

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 13 Most Profitable Growth Stocks to Buy Right Now. On February 26, Palantir Technologies Inc. (NASDAQ:PLTR) was initiated at Rosenblatt Securities with a Buy rating. John McPeake from Rosenblatt Securities assigned a price target of $150 to the stock.

The firm described Palantir Technologies Inc. (NASDAQ:PLTR) as a market-disrupting and uniquely positioned leader in AI software. It highlighted that the stock was down 33% from its October high. The analyst said the company offers a sustainable growth path along with strong margin expansion potential. In less than a week, the stock rallied back to Rosenblatt’s price target, when the firm raised it to $200 in another update on March 3.

In addition to Rosenblatt, UBS also upgraded Palantir Technologies Inc. (NASDAQ:PLTR) from Neutral to Buy on the same day. However, analyst Karl Keirstead left the firm’s price target for PLTR unchanged at $180. The upgrade was driven by the stock’s valuation, with the firm advising investors to consider buying following the dip from its peak. The analyst called Palantir a leading growth company in software, benefitting from both Data trends and AI. He pointed to the company’s projected 70% revenue growth in 2026 and said shares are attractive.

Analyst Karl Keirstead said:

Our latest checks support a view that Palantir is facing a very strong demand backdrop as it sits at the intersection of AI and data spend. As one partner said, ‘demand is exceptional. This investment ramp in AI models and data is occurring right now, with Palantir a clear AI winner.

Palantir Technologies Inc. (NASDAQ:PLTR) is a software company that develops and deploys data integration and analytics platforms for government agencies, defense organizations, and enterprise clients. Its notable products include Palantir Gotham, Foundry, and Apollo.

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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