Fubon launched coverage of Palantir on Tuesday with a buy rating and a $200 price target, giving the data-analytics firm a fresh bull voice just as its own guidance and its long-term spending commitments both move higher. The stock slipped 0.2% yesterday to €155.20.
The call lands after a quarter in which Palantir’s commercial engine overtook its government business in the US for the first time. Third-quarter 2026 revenue came in at $2.31 billion, up 96% year over year, with GAAP earnings of $0.44 per share. US commercial revenue climbed 148% to $984 million, edging past the company’s US government segment.
Guidance Raised Across the Board
On November 2, Palantir lifted its full-year 2026 revenue outlook to $8.530–8.534 billion and now expects overall revenue growth of 91%. For US commercial customers, management raised its forecast to more than $3.55 billion — growth of at least 143%.
Morgan Stanley followed on November 3, nudging its price target from $205 to $233 while keeping an Equal Weight rating. Analyst Sanjit Singh pointed to stronger expectations for the US commercial business, offset by weaker contract-booking metrics. Management attributed the softer bookings to shorter contract terms.
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A $5.6 Billion Cloud Commitment
Buried in the third-quarter report is a revised cloud-services agreement carrying minimum purchase obligations of at least $5.6 billion across ten contract years, running through February 29, 2036. The arrangement locks Palantir into years of minimum cloud spending.
Partnership announcements have kept pace with the financial news. On November 5, Palantir unveiled a tie-up with Changshin aimed at linking shoe development and factory operations through data and artificial intelligence. The same day brought word of a separate partnership with AmeriLife, intended to reshape how insurance and retirement products are sold using AI.
Political Headwinds in North Rhine-Westphalia
Not every development is commercial. In Germany’s North Rhine-Westphalia, government officials conceded yesterday — according to Tagesschau — that the tender for a replacement of Palantir’s police software could have started earlier. The state wants to move away from the US vendor, though no German or European alternative has emerged so far.
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