JPMorgan gives Palantir an "Overweight" rating with a price target of $262.

October 29 - JPMorgan analyst Brian Essex initiated coverage on Palantir with an overweight rating and a $262 price target, implying an upside of more than 30% from the current stock price level.

JPMorgan also added the stock to its "positive catalyst watch list" ahead of the November 2 earnings release. The firm said that as enterprises explore how to use AI, Palantir has already delivered fundamental changes to clients' core business operations through its platform, thereby achieving return on investment.

The analyst told investors in a research report that the company's growth is accelerating as demand for AI sovereignty increases. JPMorgan said Palantir enables enterprises and government organizations to secure and own their means of production and services.