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Barchart
Aanchal Sugandh

Why Goldman Sachs Thinks You Should Buy the Palantir Stock Dip

Goldman Sachs Palantir Palantir Stock Artificial Intelligence PLTR Gabriela Borges United States Microsoft Palantir Technologies

Palantir Technologies (PLTR) is strengthening its position in data analytics and artificial intelligence (AI) as businesses increasingly embrace enterprise AI. That momentum has caught Wall Street’s attention, with Goldman Sachs now seeing fresh upside potential in the rapidly growing company.

On Thursday, Oct. 8, Palantir’s shares climbed 2.4% after Goldman’s research team, led by Gabriela Borges, upgraded the stock from “Neutral” to “Buy” and set a 12-month price target of $230. Borges highlighted the company’s impressive scale, noting $6.2 billion in revenue over the last 12 months, $8 billion in annual recurring revenue (ARR), and annual revenue growth of 100%.

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