After finding strong support at around $126.37, oversold shares of Palantir (PLTR) are just starting to pivot higher again. Last trading at $136.64, we’d like to see the stock race back to $170 initially. We should also note PLTR is pivoting from overextensions on RSI, MACD, and Williams’ %R, and that analysts are piling on.

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Helping, analysts at Rosenblatt just initiated a buy rating on the stock with a price target of $150. The firm noted that, “We are initiating coverage of Palantir with a Buy rating and $150 price target. We think this market-disrupting, uniquely positioned AI software leader has a sustainable growth trajectory, good margin leverage, and an attractive entry point after a 33% decline from its high in October,” as quoted by CNBC.

Analysts at UBS upgraded PLTR to a buy rating, saying investors should buy the dip.

“At 50x our 2027 FCF estimates, Palantir shares are now very attractive given our estimate for 70% revs growth in 2026 and stable mid-50% margins,” they added.

Sincerely,

Ian Cooper