Baird Lifts Palantir Target to $250, Citing Open-Weight AI

Baird raised its price target for Palantir Technologies (PLTR) to $250 from $200, a 25% increase. The firm reiterated its Outperform rating.

Baird sees Palantir as a primary beneficiary of a shift toward open-weight AI models, which it believes could drive a new wave of adoption. The firm called the shift a “tectonic” change comparable to the internet boom or the launch of the iPhone, and said Palantir is at the forefront of this next chapter for AI.