Phillip Securities Cuts Palantir (PLTR) Target, Reiterates Buy Rating Again

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 10 Best Stocks to Buy in 2026 According to Reddit.

Phillip Securities Cuts Palantir (PLTR) Target, Reiterates Buy Rating Again

On February 16, 2026, Phillip Securities analyst Paul Chew lowered the price target on Palantir Technologies Inc. (NASDAQ:PLTR) to $190 and reiterated a Buy rating on the stock. The firm had initiated coverage on the stock with a Buy rating and a price target of $208 on January 22, 2026. While the analyst acknowledges significant upward trends in U.S. commercial operations and the potential of Palantir’s differentiated technology stack, he remains cautious amid intense competition in the AI market.

Incidentally, as a rare occurrence, Freedom Capital double upgraded Palantir Technologies Inc. (NASDAQ:PLTR), elevating its rating from Sell to Buy and setting a price target of $170. Before this, the company had reported its fourth quarter earnings results on February 2, 2026, highlighting a 70% year-over-year revenue growth – one of the highest as a public company. The company’s EPS of $0.25 also surpassed the consensus estimate of $0.23.

Founded in 2003, Palantir Technologies Inc. (NASDAQ:PLTR) is a leading software company specializing in big data analytics and AI-driven operating systems. Its headquarters is located in Colorado.

While we acknowledge the risk and potential of PLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PLTR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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