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UBS and DA Davidson lift Palantir targets to $250 as Burry doubles down
In the second-quarter update, Palantir reported revenue up 92.8% to $1.935 billion, including a 149% jump in U.S. commercial revenue.
Palantir Technologies received two new $250 price targets, with UBS raising its view to $250 from $220 and keeping a Buy rating, according to MarketBeat Ratings. DA Davidson also moved to $250 from $200 while reaffirming its Buy stance, linking the shift to the company’s AIPCon11 event and its AI sovereignty messaging.
On the other side, short seller Michael Burry increased his bearish position in Palantir. MarketBeat Ratings says he argued Palantir’s long-run intrinsic value is below $1 per share and re-established his short with March 2027 puts after covering part of an earlier position, adding that the trades were made "in some size."
The two camps appear to be drawing different conclusions from the same second-quarter results, MarketBeat Ratings reported. The company said revenue rose 92.8% to $1.935 billion, with U.S. commercial revenue up 149%, and Palantir tied that performance to demand for AI sovereignty.
MarketBeat Ratings also points to what changed in the stock’s narrative and expectations. The outlet notes Palantir shares had declined roughly 30% year-to-date before the latest quarter, and that the stock gapped higher after results and has not looked back since.