• HSBC sets a bullish price target of $205 for Palantir Technologies Inc. (NASDAQ: PLTR), indicating a potential upside of 31.35%.
• Palantir reports a strong financial performance in Q4 with revenue of $1.41 billion, surpassing analyst expectations.
• The company projects significant revenue growth for Q1 and the full year 2026, with expectations to outperform market forecasts.

Palantir Technologies Inc. (NASDAQ: PLTR) is a prominent player in the software industry, known for its data analytics platforms. The company primarily serves government and commercial sectors, providing tools that help organizations make data-driven decisions. Palantir's competitors include companies like IBM and Oracle, which also offer data analytics solutions.

On February 3, 2026, HSBC set a price target of $205 for Palantir, suggesting a potential upside of 31.35% from its then trading price of $156.07. This optimistic outlook aligns with Palantir's strong financial performance in the fourth quarter. The company reported a revenue of $1.41 billion, surpassing analyst expectations of $1.33 billion.

Palantir's adjusted earnings per share were 25 cents, exceeding the anticipated 23 cents. CEO Alex Karp emphasized the company's unique market position, highlighting their focus on AI advancements. This strategy, termed 'commodity cognition,' sets Palantir apart from its competitors. The company's forward-looking revenue projections further bolster investor confidence.

For the first quarter, Palantir projects revenue between $1.53 billion and $1.53 billion, significantly higher than the estimated $1.32 billion. For the full year 2026, they anticipate revenue between $7.18 billion and $7.20 billion, surpassing the forecasted $6.21 billion. These projections indicate strong growth potential for the company.

Currently, Palantir's stock is priced at $155.56, reflecting a 5.27% increase. The stock has fluctuated between $153.12 and $165.08 today. Over the past year, it reached a high of $207.52 and a low of $66.12. With a market capitalization of approximately $355.35 billion and a trading volume of 90.54 million shares, Palantir remains a significant player on the NASDAQ exchange.