Daiwa upgrades Palantir on AI demand, strong commercial revenue guidance
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Daiwa Capital Markets believes that shares of Palantir Technologies can claw back their early losses this year. The investment bank upgraded the software analytics company to a buy rating from neutral. However, analyst Shigemichi Yoshizu lowered his price target to $180 from $200. Shares of Palantir have surged 23% in the past 12 months but are down 20% so far in 2026. Yoshizu's updated price forecast still represents an upside of 26% for the stock. PLTR 1Y mountain PLTR 1Y chart The analyst wrote that he revisited his earnings forecasts and target price for the stock based on Palantir's fourth-quarter earnings release. Shares rallied 7% last Tuesday after the company reported both an earnings and revenue beat . Analysts across Wall Street praised the strong report . "The earnings release left a positive impression. The firm continued to see extraordinary demand for its [artificial intelligence platform] services from both public and private sectors," Yoshizu wrote. Outside of the military, the analyst pointed to U.S. commercial customers transitioning from adopting AI to incorporating Palantir's operating system for business operations. Palantir's U.S. commercial revenue surged 137%, with the company's 2026 guidance signaling sustained U.S. commercial revenue growth, Yoshizu wrote. "The firm looks poised to see sharp growth persist and accelerate, as it enhances its penetration rate among existing customers by bolstering its user count, number of use cases, and contract lengths," Yoshizu added. "With the firm projecting US commercial revenue up at least 115%, it reaffirmed the significant growth potential of future earnings."