Reviewed by Gotrade Internal Analyst
Jakarta, Gotrade News - Citi officially upgraded Palantir Technologies Inc. to a Buy on January 12, 2026. This move signals a potential 31.26% upside from the stock's current market price.
Key Takeaways:
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Price target hiked to $235 per share.
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Global defense budgets triggering a new supercycle.
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Annual revenue projected to grow by up to 80%.
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Citi analyst Tyler Radke raised the price target from $210 to $235 per share. He projects 2026 as a period for significant positive earnings revisions.
The upgrade is driven by accelerating AI budgets in the corporate sector. Global enterprises are reportedly ramping up their AI use cases and spending.
Defense is set to become the primary growth engine for Palantir's business. Radke describes this as a government 'supercycle' benefiting top security contractors.
Increasing global instability is fueling the massive demand for security tech. According to Finbold, military tensions in Russia and Asia are driving this trend.
President Donald Trump proposed a $1.5 trillion military budget for next year. This represents a 66.67% increase over the previous defense spending limits.
CEO Alex Karp stated that Palantir’s European involvement is actually very significant. This regional momentum should provide a hidden growth engine for 2026.
Palantir shares have surged 175% over the last twelve months of trading. The stock was changing hands at $179.03 when the report was released.
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Investor confidence grew further following a stock purchase by Congressman Jonathan Jackson. This strengthens Palantir’s outlook amidst the global rush for data analytics.
Reference:
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Finbold, Analysts update Palantir stock price target for 2026. Accessed on January 13, 2026
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