TradingKey – Ahead of the market open on October 8 ET, Goldman Sachs analyst Gabriela Borges upgraded Palantir (PLTR) to Buy with a price target of $230. Based on the closing price of $194.12 on October 7, this target represents a potential upside of approximately 18.5%.

Goldman Sachs believes that Palantir still has potential to outperform the market entering 2027, driven by the ongoing expansion of the company’s total addressable market and its existing competitive advantages that enable it to capture growing demand for AI software.

Goldman Sachs highlighted three primary drivers in this adjustment: sovereign AI, customized AI applications, and Palantir’s industry verticalization strategy. As demand increases among government and…