Palantir Sets Record Close as Goldman Sees Growth Into 2027

Growing confidence in Palantir Technologies' long-term growth prospects pushed its shares to a record closing price Friday, October 9, 2026, as investors responded to bullish assessments from Goldman Sachs and Barclays. The company's stock rose 5% during the session and finished at $208.88, surpassing its previous record set on November 3 of last year, according to Yahoo Finance.

Goldman Sachs upgraded Palantir from Neutral to Buy a day before Friday's trading session, setting a 12-month price target of $230. The target represented 18% upside from the stock's Wednesday closing price, according to the firm's assessment led by analyst Gabriela Borges.

The bank's outlook focuses on expanding demand for Palantir's software, particularly as organizations pursue sovereign artificial intelligence, customized applications, and industry-specific solutions. Goldman analysts said these developments could significantly expand the company's addressable market.

Goldman's research team described its outlook for Palantir's next growth phase in a note published before the stock's latest record close.

"Our primary takeaway from our most recent set of industry conversations is that the stock is setting up for another phase of outperformance into 2027," the analysts wrote.

The analysts also identified changes in AI adoption and Palantir's business strategy as potential drivers of additional market opportunities.

"may be setting up for another step function change in depth, because of the shift to sovereign AI, bespoke applications, and Palantir's newer verticalization strategy," the analysts wrote, describing the company's total addressable market.

Goldman also pointed to Palantir's approach to developing software through close collaboration between engineers working at customer sites and the company's product team. According to the analysts, this process helps engineers build customized applications and feed customer needs back into product development.

The research team said other technology companies, including Microsoft, Salesforce, and Snowflake, have been expanding their field teams. However, Goldman believes Palantir has an early advantage in developing AI agents that could scale this operating model.

Barclays added to the positive assessment on Friday by initiating coverage of Palantir with an Overweight rating and a $265 price target. Its analysts highlighted the company's competitive position and ability to sustain growth and margins.

"have deep competitive moats that enable unparalleled levels of growth and margins," Barclays said of Palantir and SpaceX in its assessment.

Technology analyst Dan Ives also included Palantir among his top five technology stock picks for 2027 in a post on X published Tuesday. His outlook emphasized the potential scale of spending on artificial intelligence and related technologies over the coming years.

"In our view, investors [are] underestimating the scale and scope of this $4 trillion dollar spending wave next few years," Ives wrote.