Palantir Shares Surge 15% as Price Target Raised to $200
Palantir shares climbed 15% between February 27 and March 6 following the U.S. strike on Iran, outpacing the Nasdaq 100’s 1.3% decline. Rosenblatt raised its price forecast to $200 from $150, projecting $255 in three years and $393 in five on defense spending and AI diversification.
1. Geopolitical Rally
Palantir shares climbed 15% from February 27 to March 6 after the U.S. strike on Iran, contrasting with a 1.3% drop in the Nasdaq 100 as investors sought defense-linked stocks.
2. Analyst Upgrade and Targets
Rosenblatt upgraded Palantir and raised its price target to $200 from $150, forecasting $255 in three years and $393 in five years based on rising government spending and Palantir’s support for multiple AI models.
3. Pentagon’s Anthropic Decision
The Defense Department designated Anthropic as a supply-chain risk and excluded its AI models from U.S. contracts, potentially diverting agency AI spending toward Palantir’s technology.
4. CEO Warning on AI Strategy
CEO Alex Karp warned that sidelining military partnerships in favor of AI-driven job replacements could provoke government intervention or nationalization of key technologies.