Palantir Shares Jump 14% as Rosenblatt Raises Target to $200
Palantir’s shares have rebounded over 14% in five trading days following US-Israeli attacks on Iran, reflecting its defense-sector positioning. Rosenblatt lifted its price target from $150 to $200 while highlighting a $10 billion military enterprise agreement and potential government AI contract switches.
1. Stock Rebound Driven by Geopolitical Tensions
After a sharp slump early in 2026 over valuation concerns, Palantir’s share price climbed more than 14% in the five trading days ending March 4, with a significant surge tied to US-Israeli strikes on Iran showcasing demand for its defense software.
2. Rosenblatt Raises Price Target to $200
On March 3, Rosenblatt upgraded its price target from $150 to $200 and maintained a Buy rating, citing heightened demand for wartime solutions and the firm’s advantaged position in delivering large-scale intelligence platforms.
3. Defense Contracts and AI Opportunity
Analyst John McPeake pointed to Palantir’s $10 billion enterprise agreement consolidating 75 military contracts last year and noted the government’s six-month phase-out of Anthropic AI as an opening for Palantir’s large language models to secure new federal AI deals.