Goldman Sachs upgrades Palantir stock to Buy with USD 230 target

Published on 10/09/2026 at 16:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 1.94 billion, up 93.00 percent year over year. Palantir stock costs EUR 181.52 on October 9, 2026 versus EUR 177.19.

Key points in brief

Goldman Sachs upgraded Palantir from Neutral to Buy and set a USD 230.00 twelve-month target on October 8, 2026.
Palantir reported Q2 2026 revenue of USD 1.94 billion, up 93.00 percent year over year, with a 47.00 percent GAAP operating margin.
Palantir stock was trading at EUR 181.52 at Lang & Schwarz on October 9, 2026, up 2.44 percent versus EUR 177.19.

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Goldman Sachs upgraded Palantir from Neutral to Buy and set a USD 230.00 twelve-month price target on October 8, 2026, according to Yahoo Finance. Palantir stock was trading at EUR 181.52 at Lang & Schwarz on October 9, 2026, up 2.44 percent versus the prior close of EUR 177.19.

Goldman targets USD 230.00

The rating change followed Goldman Sachs analyst Gabriela Borges' upgrade from Neutral to Buy. The USD 230.00 target gives the call a specific benchmark, while the report cited sovereign artificial intelligence demand, bespoke software development and specialized vertical sales motions as the growth rationale.

The valuation debate remains central because the target is expressed in USD while the German market reference is in EUR. That currency separation prevents a direct target-distance calculation, but the two figures give investors a clear distinction between the analyst view and the local trading quote.

Revenue reached USD 1.94 billion

Palantir's second-quarter 2026 revenue reached USD 1.94 billion, up 93.00 percent year over year and 19.00 percent from the first quarter. Gate News reported that GAAP operating income was USD 912.00 million, equal to a 47.00 percent operating margin, while adjusted operating income reached USD 1.19 billion at a 62.00 percent margin.

The same Q2 report put US commercial revenue at USD 764.00 million, up 149.00 percent year over year. That mix matters for the Goldman thesis because commercial expansion is a distinct driver from Palantir's government business.

Three dated catalysts frame the move

On August 3, 2026, Palantir reported second-quarter revenue of USD 1.94 billion, up 93.00 percent year over year, according to Gate News. On September 1, 2026, the US Army awarded Palantir a USD 127.00 million TITAN delivery order, the same source reported. On October 8, 2026, Goldman Sachs set its USD 230.00 target and upgraded the stock to Buy, as Yahoo Finance reported.

What comes next for Palantir?

Yahoo Finance lists November 2, 2026, as Palantir's Q3 2026 earnings announcement, with a consensus diluted earnings-per-share estimate of USD 0.41. That report will test whether the 93.00 percent Q2 revenue growth and the 47.00 percent GAAP operating margin remain durable.

Palantir stock stays below its yearly high

Palantir stock was trading at EUR 181.52 at Lang & Schwarz on October 9, 2026 at 4:30 p.m. CEST, up 2.44 percent versus the EUR 177.19 prior close. The primary listing is Nasdaq under ticker PLTR, and the stock's USD 106.37 to USD 207.52 52-week range places the US quote near its upper boundary. The current market capitalization is USD 466.1 billion as of October 9, 2026. The further course of trading is shown by the continuously updated real-time quote of Palantir stock.