Is Palantir Technologies One of the Hottest Stocks to Buy in 2026?

Core Insights - Palantir Technologies Inc. is recognized as one of the 10 hottest stocks to buy in 2026, with a price target increase from Citi to $235 and a Buy rating reiterated [1]. Financial Performance - Palantir is expected to report Q4 FY2025 results on February 2, 2026, with projected revenue of nearly $1.34 billion, reflecting over 62% growth year-over-year. Adjusted earnings are anticipated to be around $0.23 per share, indicating more than 64% year-over-year growth [2]. - Over the past year, Palantir's stock has surged by more than 80%, with a consensus median price target of $202.50, suggesting over 38% upside potential [3]. Market Position and Growth Drivers - Phillip Securities initiated coverage on Palantir with a Buy rating and a price target of $208, forecasting sales growth of over 47% year-over-year to $4.2 billion in fiscal 2025, driven by a 51% increase in commercial sales as AI adoption expands beyond defense contracts [4]. - The growth in Palantir's stock and future upside is attributed to strong performance in its commercial business and the increasing adoption of its Artificial Intelligence Platform (AIP) [3]. Company Overview - Palantir Technologies Inc. specializes in developing data integration and analytics platforms for government agencies, military, and corporations, with flagship products Gotham and Foundry supporting various operations including intelligence and enterprise analytics [5].