Barclays sets USD 265 target for Palantir stock after upgrade

Published on 10/13/2026 at 11:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 93.00 percent to USD 1.94 billion. Palantir stock costs EUR 186.16 on October 13, 2026 versus EUR 186.12 Xetra close.

Barclays initiated coverage of Palantir with an Overweight rating and a USD 265 price target on October 9, 2026.
Palantir reported second-quarter 2026 revenue of USD 1.94 billion, up 93.00 percent year over year.
The stock was EUR 186.16 at Lang & Schwarz on October 13, 2026, versus the Xetra close of EUR 186.12 on October 12, 2026.
Palantir will release third-quarter 2026 results on November 2, 2026.

Redaktionelles Foto eines Börsen-Handelsraums mit AI-Index-Anzeigetafel und Händlern an Bildschirmen — Palantir Technologies Inc (US69608A1088) – Editorial-Foto eines Börsenhandelsraums mit großer AI- und Software-Index-Anzeigetafel, Illustration mit AI erstellt.

Barclays initiated coverage of Palantir Technologies with an Overweight rating and a USD 265 price target on October 9, 2026, as Yahoo Finance reported. Palantir stock was EUR 186.16 at Lang & Schwarz on October 13, 2026 at 11:02 a.m. CEST, EUR 0.04 above the Xetra close of EUR 186.12 on October 12, 2026.

Three events reset expectations

Palantir reported second-quarter 2026 revenue of USD 1.94 billion, up 93.00 percent year over year, in results for the period ended June 30, 2026, according to Business Wire. The company also reported net income of USD 1.07 billion and an operating margin of 47.00 percent for the quarter.

Goldman Sachs upgraded Palantir from Neutral to Buy and set a USD 230 target on October 8, 2026, according to TheStreet. Barclays then added the USD 265 target, making the latest call 15.22 percent above Goldman's target.

What does the target imply?

Barclays' USD 265 target was 26.76 percent above Palantir's USD 209.05 Nasdaq close on October 9, 2026, the price level cited by Yahoo Finance. That comparison matters because the target was published after a sharp rise, while the current euro quote remains below the recent USD 212.94 high.

Palantir's second-quarter U.S. commercial revenue reached USD 764.00 million, up 149.00 percent year over year, while U.S. government revenue rose 90.00 percent to USD 809.00 million, according to the same Business Wire results release. The figures show why analysts are raising targets, but the valuation leaves less room for execution misses.

Results date is set

Palantir will release results for the third quarter ended September 30, 2026, on November 2, 2026, after the close of U.S. markets, according to Business Wire. The company scheduled its webcast for 5:00 p.m. ET on the same date.

Palantir stock stays near its yearly high

Palantir was valued at USD 479.9 billion as of October 12, 2026, while its 52-week range was USD 106.37 to USD 212.94. The current Lang & Schwarz quote of EUR 186.16 is EUR 0.04, or plus 0.02 percent, above the Xetra close of EUR 186.12 on October 12, 2026.

The further course of trading is shown by the continuously updated real-time quote of Palantir stock.