UBS Raises Palantir Price Target to $200 After 70% Q4 Revenue Surge
Palantir’s Q4 revenue jumped 70% to $1.4B, driven by 137% growth in U.S. commercial sales and 143% growth in remaining performance obligations to $4.2B. UBS raised its price target to $200, kept a buy rating and forecast 60% growth to $7.19B in 2026 despite 80x sales valuation.
1. UBS Raises Price Target
UBS raised its price target for Palantir to $200 from a lower level and maintained a buy rating, citing the company’s position at the intersection of AI and data spending and positive channel checks indicating sustained demand.
2. Q4 Financial Performance
Palantir reported Q4 revenue of $1.4 billion, a 70% increase year-over-year, driven by a 137% surge in U.S. commercial sales and a 143% rise in remaining performance obligations to $4.2 billion.
3. 2026 Revenue Outlook
Management projects 60% revenue growth to $7.19 billion in fiscal 2026, with U.S. commercial revenue expected to more than double to $3.14 billion, underpinning the bullish forecast.
4. Valuation Premium and Risks
Shares trade at roughly 80 times sales and about 244 times earnings, with 77% of revenue from the U.S., raising concerns as only 10% of companies at similar multiples have outperformed the market over three years amid intensifying competition.