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Palantir Shares Rise After Wedbush Reaffirms Outperform and $230 Target

Renewed bullish calls follow Palantir’s strong results, with investors eyeing 2026 execution.

Overview

  • The stock gained about 5% intraday after Wedbush’s Dan Ives reiterated an outperform rating and a one-year price target of $230.
  • Palantir reported 56% revenue growth to $4.48 billion and generated $2.27 billion in free cash flow, with guidance for roughly 61% revenue growth in 2026.
  • U.S. commercial revenue jumped 137% year over year, while international commercial growth was about 2% for full-year 2025.
  • Analysts highlight Palantir’s deployment edge as a competitive moat even as commentary flags elevated valuation multiples as a risk.
  • Following the Pentagon’s supply‑chain risk designation for Anthropic, CEO Alex Karp said Claude remains in use, and analysts caution that potential model‑switching work could pressure FY2026 adjusted operating income.