New York, Feb 27, 2026, 08:18 EST — Premarket
- Palantir slipped in premarket trading, following a 1.3% climb the previous day.
- UBS bumped its rating up to “Buy” and stuck with a $180 price target. Rosenblatt, just starting coverage, set its target at $150.
- U.S. January producer price numbers land at 8:30 a.m. ET, and traders are on alert.
Palantir Technologies (PLTR) slipped 0.4% to $135.38 before the bell Friday, pulling back after a 1.3% gain to $135.94 at Thursday’s close.
Wall Street’s giving Palantir another shot: UBS just bumped the stock to “Buy” from “Neutral,” sticking with its $180 price target. The firm called the shares “very attractive” now, after that steep 35% drop from the highs. Still, UBS pointed out investors remain uneasy about rivalry from hyperscalers and Databricks. Investing
Not the best backdrop. U.S. stock index futures edged lower, that “AI unease” still casting a shadow. The Nasdaq heads for its sharpest monthly slide since March 2025, with traders eyeing inflation numbers that could upend expectations for rates. Reuters
On Thursday, Rosenblatt kicked off its coverage with a “buy” call and set a $150 price target, according to Investing.com. That’s one more vote of confidence as the stock remains far under its October peak. Investing
Palantir’s push on its artificial intelligence platform has sharpened as more clients look for automation, with the data analytics firm catering to both government and the private sector. Following its most recent quarterly update, Palantir projected 2026 revenue in a range of $7.18 billion to $7.20 billion, and first-quarter sales expected between $1.53 billion and $1.54 billion. “Valuation question marks won’t disappear,” eToro analyst Zavier Wong said at the time. Reuters
The valuation back-and-forth hasn’t gone away. Palantir’s stock moves like an AI proxy: it leaps on bullish growth stories, but drops hard whenever investors pull back from pricey software names.
Here’s the simple setup: inflation comes in hotter than expected, yields tick up, and investors usually hit long-duration growth names first. If major clients pull back on spending, or if heavyweight cloud competitors start catching up, that “premium” rationale driving recent upgrades could face immediate scrutiny.
The focus now shifts to January’s U.S. Producer Price Index, set for release at 8:30 a.m. ET, just before the cash session kicks off.
