HSBC Upgrades Palantir (PLTR) To Buy Following Strong Q4 Results, Surging US Commercial Revenue

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks that should double by 2030. On February 3, HSBC analyst Stephen Bersey upgraded Palantir to Buy from Hold with a $205 price target, which was brought up from $197.

However, on the same day, DA Davidson reduced its price target for Palantir Technologies Inc. (NASDAQ:PLTR) to $180 from $215 while maintaining a Neutral rating. The firm informed investors that the company achieved an exceptional conclusion to 2025, with revenue growth accelerating due to persistent US demand for AI solutions.

Palantir is viewed as well-positioned to lead enterprise AI adoption through continuous platform innovation. However, the firm noted that following an after-hours stock price increase, Palantir trades at ~93 times its projected 2026 revenue, representing an unprecedented premium compared to its peers.

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Palantir Technologies Inc. (NASDAQ:PLTR) builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the US, the UK, and internationally.

While we acknowledge the potential of PLTR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PLTR and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.