BUZZ - Goldman Sachs turns bullish, Palantir shares rise
路透社2026/10/08 14:26On October 8th, Palantir Technologies (stock code: PLTR.O), a data analytics software provider, saw its shares rise by 3.7% to $201.26 in early trading Thursday, after Goldman Sachs upgraded its rating from “Neutral” to “Buy.” The firm set a target price of $230, representing approximately an 18% upside from the previous trading day’s closing price. Goldman Sachs stated that, based on recent discussions with industry experts, its main conclusion is that the stock is expected to enter a new phase of outperformance before 2027. The bank noted that with PLTR shifting towards sovereign AI, customized applications, and its new verticalization strategy, its total addressable market “may be on the verge of another step-change in depth.” Goldman Sachs also mentioned that, given the stock’s underperformance in 2026, its enterprise value/free cash flow (EV/FCF) multiple is currently lower than that of peer growth companies. With Thursday’s rally, PLTR’s share price has increased about 13% this year, lagging behind the Nasdaq .IXIC index’s 18% gain; the current price is about 3% lower than the all-time intraday high of $207.52 set on November 3, 2025. According to LSEG data, among the 33 brokers covering the stock, 24 rate it as “Strong Buy” or “Buy,” 7 as “Hold,” and 2 as “Sell” or “Strong Sell.” The median target price is $212.50, up from $195 three months ago. (For the convenience of non-English speakers, Reuters provides automated translations of its reports into several other languages. Automated translation may be inaccurate or may not capture the needed context, and Reuters does not guarantee the accuracy of automated translation. Automated translation is provided solely for readers’ convenience. Reuters accepts no liability for any damage or loss resulting from use of the automated translation function.)
October 8 - ** Shares of data analytics software provider Palantir Technologies (stock code: PLTR.O) rose 3.7% in early trading Thursday to $201.26 after Goldman Sachs upgraded its rating from “Neutral” to “Buy”.
** The brokerage set a target price of $230, implying about an 18% upside from the previous closing price.
** Goldman Sachs stated that, based on recent conversations with industry participants, its main conclusion is the stock is expected to outperform the market again before 2027.
** Goldman Sachs noted that, as PLTR pivots towards sovereign AI, customized applications, and its new verticalization strategy, its total addressable market “may be on the verge of another significant step change in depth.”
** The brokerage mentioned that, given the stock's underperformance in 2026, its enterprise value/free cash flow (EV/FCF) multiple is currently below that of its industry peers with growth profiles.
** With Thursday's rally, PLTR shares are up about 13% year-to-date, lagging behind the Nasdaq .IXIC index’s 18% increase; the current stock price is about 3% below the intraday record high of $207.52 set on November 3, 2025.
** According to LSEG data, out of 33 brokerages covering the stock, 24 rate it as “Strong Buy” or “Buy,” 7 have a “Hold” rating, and 2 recommend “Sell” or “Strong Sell”.
** The median target price is $212.50, up from $195 three months ago.
(To facilitate non-English speakers, Reuters provides automated translations of its reports into multiple languages. As automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of these texts and provides them as a convenience only. Reuters assumes no responsibility for any damages or losses arising from the use of automated translation features.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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