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Even after a meteoric rally, Palantir Technologies (PLTR) isn’t running out of steam just yet. Piper Sandler’s latest research pushes back against the idea that the stock has peaked, lifting its price target from $182 to $201 while reaffirming an “Overweight” rating.
That bullish call is underpinned by Palantir’s unusually strong contract visibility, with over $7 billion in defined deals plus $4 billion in IDIQ (Indefinite Delivery, Indefinite Quantity) pipeline and surging commercial bookings showing triple-digit growth so far this year.