Argus Just Upgraded Palantir to Buy After the Sell-Off. Is $190 the New Floor?

Argus has flipped bullish connected Palantir Technologies (NASDAQ:PLTR), upgrading the banal to Buy from Hold with a $190 terms people aft a crisp post-earnings sell-off. The telephone lands the aforesaid time Citi reiterated a Buy standing and lifted its people to $225 from $210, signaling that Wall Street views the caller weakness arsenic a sentiment occupation alternatively than a fundamentals problem.

With Palantir banal trading adjacent $133 and down 25% twelvemonth to date, the question for prudent investors is whether $130 represents a credible level oregon simply the adjacent halt connected a aggregate compression path. The reply hinges connected whether operating leverage tin outrun aggregate compression.

The Analyst's Case

Argus argues that Palantir Technologies' gross maturation has accelerated and operating borderline has vaulted, creating an charismatic introduction constituent aft the pullback. The steadfast besides raised its FY2026 EPS presumption by 15 cents to $1.47 and FY2027 presumption by 25 cents to $1.94, an operating leverage thesis built connected the Q1 2026 results.

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Citi's logic runs parallel. The steadfast views the Q1 study arsenic strong, sees AI request accelerating Palantir's U.S. business, and raised estimates post-earnings.

Company Snapshot

Palantir Technologies builds Gotham, Foundry, and AIP, the Artificial Intelligence Platform down overmuch of its caller commercialized momentum. Q1 2026 gross came successful astatine $1.633 billion, up 85% twelvemonth implicit year, with U.S. commercialized gross jumping 133%.

Management raised full-year 2026 gross guidance to $7.65 to $7.662 billion, a 71% maturation rate, alongside a Rule of 40 people of 145. Palantir Technologies CEO Alex Karp called the request backdrop 1 wherever "we conscionable cannot conscionable demand."