Wall Street Is Cozying Up to Palantir Stock After Q4. Does That Make PLTR a Buy Here?

The global artificial intelligence market is expected to grow from $260 billion in 2025 to over $1.2 trillion by 2030, a roughly fourfold jump as more companies adopt machine learning and natural language processing. With that AI spending ramping up, data analytics leader Palantir Technologies (PLTR) just posted what CEO Alex Karp called “indisputably the best results” he has seen in tech in the last decade. 

The company reported fourth-quarter revenue of $1.407 billion, up 70% year-over-year (YoY), helped by 137% growth in its U.S. commercial segment. Adjusted operating income came in at $798 million, with a 57% margin, beating analyst estimates by nearly 14%. Those results pushed analysts to take a more positive view, with HSBC moving Palantir from “Hold” to “Buy” and raising its price target to $205, in line with other firms that have turned more constructive on the stock.