Piper Sandler Reaffirms $230 Target After Federal Anthropic Phase-Out
Piper Sandler maintained an Overweight rating on Palantir with a $230 price target after a federal order mandated a six-month phase-out of Anthropic’s technology from government systems. The bank warned this transition could disrupt new program deployments but said Palantir can replace Anthropic in secure environments.
1. Piper Sandler Rating Reaffirmation
On March 3, Piper Sandler maintained its Overweight rating on Palantir and set a $230 price target, reflecting confidence in the company’s data-integration and analytics platforms for government and commercial clients.
2. Federal Anthropic Phase-Out Order
A presidential directive ordered all federal agencies to cease using Anthropic’s technology, designating it a national security supply-chain risk and triggering contract cancellations and a six-month removal schedule for Anthropic solutions in defense and intelligence systems.
3. Potential Operational Disruptions
The transition away from Anthropic could cause temporary delays in implementing new government programs, as Palantir currently provides infrastructure for Anthropic’s Claude model in secure environments.
4. Palantir’s Mitigation Strategy
Piper Sandler noted Palantir’s ability to onboard alternative vendors to replace Anthropic, though the re-platforming process may divert time and resources from other growth initiatives.