Palantir Upgraded to 'Buy' by DA Davidson; Price Target Hiked to $175 for 39% Upside on Thursday

According to DA Davidson via TheFly, the firm upgraded Palantir (PLTR) to 'Buy' from 'Neutral' on Thursday premarket, with a price target increased to $175 from $165—representing 39% upside potential. The analyst argued that Palantir has 'grown into its valuation' as profits have risen significantly and the company positioned itself as a platform for orchestrating AI models, mitigating competitive threats from OpenAI and Anthropic. PLTR was trading up over 3% premarket at the time of reporting.
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