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Palantir shares surged to a new record Friday as a fresh burst of Wall Street optimism strengthened the case for another phase of growth. The stock rose 5% after Barclays and Goldman Sachs delivered bullish assessments of the software company’s prospects.

The advance carried Palantir above the record high it set on Nov. 3 of last year. Shares closed Friday at $208.88, extending investor enthusiasm around the company and its place in the artificial intelligence spending cycle.

Barclays initiated coverage of Palantir on Friday with an Overweight rating and a $265 price target. The firm paired Palantir with SpaceX in its assessment of companies possessing unusually strong competitive positions and substantial growth potential.

Barclays said Palantir and SpaceX “have deep competitive moats that enable unparalleled levels of growth and margins.” That endorsement helped drive Friday’s gain and reinforced the increasingly bullish sentiment surrounding Palantir shares.

The Barclays call arrived one day after Goldman Sachs upgraded Palantir from Neutral to Buy. Goldman’s research team, led by Gabriela Borges, assigned the stock a price target of $230 over the coming 12 months.

At $230, Goldman sees 18% upside from Palantir’s Wednesday closing price. While the Barclays target is higher, both firms now see room for the stock to climb beyond levels that have already carried it to a record.

Goldman’s analysts based their optimism partly on recent discussions within the industry. “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 research team also pointed to potential expansion in the market Palantir can address. Analysts tied that opportunity to sovereign artificial intelligence, custom applications, and the company’s newer strategy of organizing its offerings around specific industries.

Palantir’s total addressable market “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.” That view places the company’s evolving strategy at the center of Goldman’s bullish call.

Goldman also praised how Palantir links its engineers in the field with the teams responsible for developing its products. The firm said Palantir “perfected” the feedback loop between those groups, allowing work conducted at customer sites to inform the company’s broader product operation.

Palantir deploys engineers to customer locations, where they help clients create custom software applications. Goldman highlighted this field operation as a distinguishing feature of the company’s approach and a foundation for expanding its artificial intelligence capabilities.

Other technology companies are building similar field teams, including Microsoft, Salesforce, and Snowflake. Goldman’s team nevertheless believes Palantir has a head start in creating artificial intelligence agents that can scale the function.

Veteran technology analyst Dan Ives added another vote of confidence earlier in the week. In a Tuesday post on X, Ives included Palantir among his five leading technology stock selections for 2027.

Ives framed Palantir’s opportunity within a much larger wave of expected technology spending. “In our view, investors [are] underestimating the scale and scope of this $4 trillion dollar spending wave next few years,” he wrote.

The combination of new coverage from Barclays, an upgrade from Goldman, and Ives’s endorsement gave investors several bullish signals within the same week. Palantir’s 5% Friday advance showed how quickly those calls translated into renewed buying interest.

The record close now places attention on whether Palantir can deliver the next phase of outperformance envisioned by Goldman’s analysts. For the moment, Wall Street’s latest assessments are emphasizing the company’s competitive position, field engineering model, artificial intelligence agents, and expanding addressable market.

DISCLAIMER: GoldInvestors.news is not a registered investment, legal or tax advisor or broker/dealer. All investment/financial opinions expressed by GoldInvestors.news are from the personal research and experience of the owner of the site and are intended as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors and misprints may occur.