Palantir Wins UK Contract Extension as Analysts Stay Bullish

Benzinga··GBUS·Read original
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Summary · why it matters

Palantir Technologies expanded its UK government work after the Ministry of Housing, Communities and Local Government extended its Homes for Ukraine contract by another year and 5 million Pounds, roughly $6.60 million, bringing total payments to 15 million pounds, roughly $19.80 million, according to the Financial Times. Palantir said it built the refugee-support system in nine days and later helped the government transition to its own platform. Yorkville Ives & Co. Senior Managing Director Dan Ives included Palantir among his top technology picks for 2027, ranking it third among five preferred names alongside NVIDIA, Microsoft, Apple and CrowdStrike, and arguing investors are underestimating a coming $4 trillion spending wave. Palantir carries a Buy consensus rating with an average price forecast of $202.46, with Rosenblatt maintaining a Buy rating and $225 forecast on Sept. 23, UBS raising its Buy-rated forecast to $250 on Sept. 15, and DA Davidson lifting its Buy-rated forecast to $250 on Sept. 11. Palantir shares were up 2.59% at $199.15 in Thursday premarket trading, approaching a 52-week high of $207.52.

Impact on assets 8

Artificial Intelligence▲
Defense & Geopolitical Fragmentation▲
Palantir Technologies Inc.
PLTR
▲ PositiveDemandCapitalrelevance

UK Ministry of Housing extended the Homes for Ukraine contract by another year and £5 million, bringing total payments to £15 million.

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Off-coverage companies 1

Yorkville Ives & Co.i
Private± Mixedrelevance