Rosenblatt Securities has reiterated its Buy rating and $225 price target on Palantir Technologies (NASDAQ: PLTR) following a visit to the company’s New York offices and a call with a key implementation partner.
Analyst John McPeake met with Palantir’s chief financial officer, chief architect, and head of strategic initiatives, with the meetings described as increasing rather than altering existing conviction.
The maintained target follows McPeake’s upgrade from $200 to $225 earlier this month, triggered by a Q1 2026 earnings report that delivered revenue of $1.633 billion, up 85 percent year over year.
Adjusted operating income climbed 152 percent in the quarter, and full year 2026 guidance was raised to a range with a floor above Wall Street’s prior high estimate.
Rosenblatt’s core argument is that Palantir’s ontology layer, the proprietary data architecture underpinning its Foundry and AIP platforms, represents a moat that no large language model provider can replicate over any forecastable time horizon.
The $225 target sits above the Street median of $200, though Wedbush is more aggressive still at $230, while DA Davidson holds a neutral rating with a $165 target.
Despite the earnings beat, PLTR fell 6.7 percent on results day, a reminder of how little margin for error exists in a stock trading above 100 times forward earnings.
The company trades around $137, meaning Rosenblatt’s target implies more than 60 percent upside from current levels.
Full year 2026 guidance points toward $7.65 billion in revenue, with a gross profit margin running above 80 percent, keeping the fundamental trajectory intact even as the valuation debate rages.
Whether the stock can sustain its premium multiple into a period of broader market uncertainty remains the central risk for PLTR bulls.
