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Goldman Sachs upgrades Palantir to Buy with $230 target, lifting shares 3% amid enterprise software split.

Analyst Insights
08 Oct 2026
24/7 Wall Street
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Bullish
Goldman Sachs upgrades Palantir to Buy with $230 target, lifting shares 3% amid enterprise software split.

Goldman Sachs upgraded Palantir Technologies from Neutral to Buy with a $230 price target, driving a 3% rise in its stock. The upgrade highlights Palantir's growing market potential due to demand for sovereign AI, custom software, and specialized vertical sales, contrasting with flat performance in packaged software firms like Salesforce and ServiceNow. Palantir's unique Ontology layer platform, which integrates deeply with customer data, is seen as a key growth driver over traditional seat-based software suites. Investors should watch if non-tech enterprises continue adopting Palantir's custom solutions, while valuation concerns remain a caution.

Following Goldman's upgrade, Palantir shares have edged up 1.92% to USD 197.76 on Pluang as of Oct 08, 2026 20:41 WIB, with a market cap of $466.48B. Meanwhile, Salesforce and ServiceNow remain steady, trading at USD 226.30 and USD 140.00 respectively, with smaller gains of 0.77% and 1.54%. Pluang users show a balanced interest in Palantir, with order activity nearly split between buying and selling at 51% and 49%.

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