An analyst at Baird has reaffirmed a bullish outlook on software giant Palantir Technologies (NASDAQ: PLTR), maintaining an ‘Outperform’ rating on the stock.

In line with this view, the Wall Street firm maintained a $200 price target on PLTR, implying about 7.4% upside from its press-time trading price of $186. 

The reaffirmed target comes after Baird attended a technology demonstration hosted by Palantir. 

According to the firm, the event reinforced its view that Palantir’s ontology platform remains a key competitive advantage as enterprises increasingly adopt artificial intelligence tools and agentic AI applications.

Baird analyst William Power said Palantir…