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Palantir Extends Rally as Rosenblatt Lifts Target to $200

A fresh $200 target reflects conviction in defense-driven demand at a valuation built on an aggressive earnings multiple.

Overview

  • Shares logged a five-day, roughly 14% gain, lifting market value by about $44 billion to $353 billion, according to Forbes.
  • Rosenblatt’s John McPeake raised his price target to $200 and kept a Buy rating, with Palantir last trading near $147 on March 4.
  • Other firms recently boosted targets as well, including Citi at $235, Deutsche Bank at $200, UBS at $180, and Mizuho at $195.
  • The re-rating follows record Q4 2025 results—revenue up 70% to $1.41 billion—and robust 2026 guidance reported by Forbes.
  • McPeake’s thesis centers on rising defense demand and policy shifts, while the $200 target rests on nearly 88x projected 2027 earnings, leaving little room for missteps.