Palantir Price Targets Raised to $200 and $230 on AI Defense
Rosenblatt lifted its Palantir price target from $150 to $200, highlighting a six-month U.S. phase-out of Anthropic LLMs and a consolidated 75-contract U.S. Army deal. Piper Sandler reaffirmed an Overweight rating with a $230 target, and Palantir was added to the AI-focused JEDI defense ETF.
1. Analyst Upgrades and Price Targets
Rosenblatt boosted Palantir’s price target from $150 to $200, citing increased demand for its AI tooling after the U.S. government announced a phase-out of Anthropic LLMs. On the same day, Piper Sandler maintained an Overweight rating and set a $230 target, underscoring confidence in Palantir’s growth trajectory.
2. Government LLM Phase-Out and Army Contract
The U.S. government’s six-month phase-out of Anthropic’s large language models is expected to drive agencies to Palantir’s LLM alternatives. Concurrently, a July deal consolidated 75 separate U.S. Army contracts into a single agreement, reinforcing Palantir’s role in defense operations.
3. JEDI ETF Inclusion Reflects Defense AI Demand
Palantir’s addition to the JEDI ETF, which focuses on AI-driven defense and aerospace firms, highlights rising investor interest in military technology stocks. The move signals expectations that Palantir will benefit from broader AI adoption in defense applications.