Key Wall Street Rating Updates on Monday
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 16 2026
0mins
Source: CNBC
- Morgan Stanley Reiterates Nvidia: Morgan Stanley expresses optimism ahead of Nvidia's GTC Conference, believing the company is poised to catch up with other stocks in the supply chain, presenting a favorable entry point that could drive stock price appreciation.
- KBW Upgrades Rocket Companies: KBW upgrades Rocket Companies from market perform to outperform, projecting a total return of 50% over the next 12 months, reflecting increased confidence in mortgage industry fundamentals and earnings outlook.
- Guggenheim Initiates JFrog Buy Rating: Guggenheim highlights JFrog's strategic role in software development and enterprise risk management, forecasting accelerated cloud growth and total revenue growth in 2025, with free cash flow margin expanding to 27%.
- BTIG Upgrades Upstart Holdings: BTIG is bullish on Upstart Holdings' recent bank charter application, upgrading the stock to buy with a target price of $43, anticipating significant future earnings growth based on their financial projections.
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Analyst Views on PLTR
Wall Street analysts forecast PLTR stock price to rise
17 Analyst Rating
5 Buy
10 Hold
2 Sell
Hold
Current: 131.080
Low
50.00
Averages
192.88
High
255.00
Current: 131.080
Low
50.00
Averages
192.88
High
255.00
About PLTR
Palantir Technologies Inc. is engaged in building software to assist in counterterrorism investigations and operations. The Company has built four principal software platforms, including Palantir Gotham (Gotham), Palantir Foundry (Foundry), Palantir Apollo (Apollo), and Palantir Artificial Intelligence Platform (AIP). Apollo is a cloud-agnostic, single control layer that coordinates ongoing delivery of new features, security updates, and platform configurations, helping to ensure the continuous operation of critical systems. Gotham enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants. Foundry transforms the ways organizations operate by creating a central operating system for their data. AIP enables responsible artificial intelligence (AI)-advantage across the enterprise by using primary, core components built to effectively activate large language models and other AI within any organization.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Value of Implementation: Karp reiterated that while large language models are critical, real value will emerge over the next seven years as enterprises deploy these systems into their workflows, emphasizing the importance of practical application.
- Market Dynamics: As the AI industry moves towards public listings, Palantir's stock fell 1.41% to $130.21, extending a weekly decline of 4%, reflecting market caution regarding AI cost structures and execution risks.
- Collaboration with Anthropic: Karp noted that many of Anthropic's public-facing projects run on Palantir's platform, calling Anthropic CEO Dario Amodei a “crucial person” in the AI space, highlighting Palantir's significant role and influence in the industry.
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- Microsoft's Cloud Growth: Microsoft's Azure cloud computing unit achieved a 40% revenue growth last quarter, marking its 11th consecutive quarter of over 30% growth, with $627 billion in future cloud commitments, showcasing its sustained growth potential driven by AI.
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- Technical Pullback: Palantir's stock has pulled back after failing to break out of a descending triangle pattern and facing rejection at the 200-day moving average, indicating insufficient buying momentum to sustain the breakout, which raises the risk of further downside.
- Support Level Test: The stock is currently attempting to hold support around $126.50, a level that has recently acted as a floor; a sustained break below this could lead to additional downside, while successfully defending it may allow for another breakout attempt.
- Long-Term Resistance: Following the rejection, the stock is trading below its 200-day moving average, reinforcing resistance near the long-term trendline, suggesting that market sentiment remains cautious.
- Market Focus: Palantir closed at $129.46 on Wednesday, with traders closely monitoring the performance of the $126.50 support level, which is a key factor determining the future price trajectory.
See More
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- Significant Revenue Growth: SpaceX reported revenues of $10.4 billion in 2023, projected to rise to $14 billion in 2024 and $18.7 billion in 2025, despite a net loss of $4.9 billion in 2025, indicating a strong growth trajectory for the company.
- Diverse Business Segment Performance: The Connectivity segment, including Starlink, generated $11.4 billion in sales and $4.4 billion in operating income in 2025, making it the only profitable segment, while the AI segment faced a $6.4 billion operating loss, highlighting disparities in profitability across divisions.
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- Segment Performance Disparity: Among its three business segments, Starlink stands out as the only profitable one, generating $11.4 billion in sales and $4.4 billion in operating income in 2025, while the AI segment faces a significant operating loss of $6.4 billion, highlighting the varied profitability across its operations.
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- Investor Return Expectations: In an optimistic scenario, SpaceX could achieve annual returns of 25% to 30% by 2030, with a market cap reaching $5 trillion; however, the more likely outcome is modest returns or losses, as Morningstar values the company at $780 billion, significantly below the expected valuation.
See More
Palantir CEO Raises Concerns Over AI Labs and Enterprise Relations
- Enterprise Client Discontent: Palantir CEO Alex Karp has indicated that enterprise customers are increasingly dissatisfied with frontier AI labs, expressing frustration in private conversations about the labs' lack of understanding of business needs.
- Value of Implementation: Karp reiterated that while large language models are critical, real value will emerge over the next seven years as enterprises deploy these systems into their workflows, emphasizing the importance of practical application.
- Market Dynamics: As the AI industry moves towards public listings, Palantir's stock fell 1.41% to $130.21, extending a weekly decline of 4%, reflecting market caution regarding AI cost structures and execution risks.
- Collaboration with Anthropic: Karp noted that many of Anthropic's public-facing projects run on Palantir's platform, calling Anthropic CEO Dario Amodei a “crucial person” in the AI space, highlighting Palantir's significant role and influence in the industry.
See More
Investment Opportunities in SaaS Stocks Amid Pullback
- Palantir's Strong Performance: Despite Palantir Technologies (PLTR) stock dropping 25% this year, its revenue has accelerated for 11 consecutive quarters, surging 85% last quarter, with U.S. commercial customer growth at 133%, indicating robust market demand and customer expansion potential.
- Microsoft's Cloud Growth: Microsoft (MSFT) has seen its stock decline over 15% in 2026, yet its cloud computing unit Azure reported a 40% revenue increase last quarter, maintaining over 30% growth for 11 straight quarters, with a future cloud commitment backlog of $627 billion, showcasing strong market prospects.
- ServiceNow's AI Potential: ServiceNow (NOW) experienced a 22% increase in subscription revenue last quarter, with its AI solutions suite Now Assist growing nearly 70%, while the newly launched AI Control Tower is poised to be a key platform for managing AI agents, further solidifying its market position.
- Investment Attractiveness: Despite stock price pressures, Palantir, Microsoft, and ServiceNow all have forward P/E ratios below 22, and their strong growth potential makes investing in these SaaS stocks particularly appealing in the current market environment.
See More
Palantir and Microsoft's AI Growth Potential
- Palantir's Strong Performance: Despite a 25% drop in Palantir's stock this year, its revenue has accelerated for 11 consecutive quarters, surging 85% last quarter, with U.S. commercial customer growth at an impressive 133%, indicating robust market demand in the AI sector.
- Microsoft's Cloud Growth: Microsoft's Azure cloud computing unit achieved a 40% revenue growth last quarter, marking its 11th consecutive quarter of over 30% growth, with $627 billion in future cloud commitments, showcasing its sustained growth potential driven by AI.
- ServiceNow's AI Opportunities: ServiceNow's subscription revenue climbed 22% last quarter, with its AI solution Now Assist seeing nearly 70% revenue growth, while the newly launched AI Control Tower is expected to play a crucial role in managing AI agents, further solidifying its market position.
- SaaS Market Pullback: Although SaaS stocks have once again sold off in the latest tech pullback, companies in the sector are demonstrating that AI is not disruptive but rather a growth driver, making it a good time to invest in top SaaS names.
See More
Palantir Stock Pullback Faces Key Support Test
- Technical Pullback: Palantir's stock has pulled back after failing to break out of a descending triangle pattern and facing rejection at the 200-day moving average, indicating insufficient buying momentum to sustain the breakout, which raises the risk of further downside.
- Support Level Test: The stock is currently attempting to hold support around $126.50, a level that has recently acted as a floor; a sustained break below this could lead to additional downside, while successfully defending it may allow for another breakout attempt.
- Long-Term Resistance: Following the rejection, the stock is trading below its 200-day moving average, reinforcing resistance near the long-term trendline, suggesting that market sentiment remains cautious.
- Market Focus: Palantir closed at $129.46 on Wednesday, with traders closely monitoring the performance of the $126.50 support level, which is a key factor determining the future price trajectory.
See More
SpaceX Plans Historic $75 Billion IPO
- Record-Setting IPO: SpaceX plans to conduct an IPO on June 12, 2026, aiming to raise $75 billion at a valuation of $1.77 trillion, which would make it the largest IPO in history, reflecting immense market interest in the space sector.
- Significant Revenue Growth: SpaceX reported revenues of $10.4 billion in 2023, projected to rise to $14 billion in 2024 and $18.7 billion in 2025, despite a net loss of $4.9 billion in 2025, indicating a strong growth trajectory for the company.
- Diverse Business Segment Performance: The Connectivity segment, including Starlink, generated $11.4 billion in sales and $4.4 billion in operating income in 2025, making it the only profitable segment, while the AI segment faced a $6.4 billion operating loss, highlighting disparities in profitability across divisions.
- Valuation Challenges: Despite a staggering market cap of $1.77 trillion, equivalent to 95 times its 2025 sales, Morningstar values SpaceX at $780 billion, suggesting a significant divergence in market expectations regarding its future profitability.
See More
SpaceX Targets $1.77 Trillion Valuation for IPO
- IPO Valuation Analysis: SpaceX is targeting a $1.77 trillion valuation for its IPO on June 12, despite only generating $18.7 billion in sales in 2025, which translates to a staggering 95 times its sales, reflecting both high market expectations and inherent risks.
- Segment Performance Disparity: Among its three business segments, Starlink stands out as the only profitable one, generating $11.4 billion in sales and $4.4 billion in operating income in 2025, while the AI segment faces a significant operating loss of $6.4 billion, highlighting the varied profitability across its operations.
- Market Outlook and Risks: Although Starlink's revenue grew by 49.8% year-over-year, SpaceX remains unprofitable overall, reporting a net loss of $4.9 billion in 2025, prompting investors to carefully assess the potential returns post-IPO, especially given the anticipated market volatility.
- Investor Return Expectations: In an optimistic scenario, SpaceX could achieve annual returns of 25% to 30% by 2030, with a market cap reaching $5 trillion; however, the more likely outcome is modest returns or losses, as Morningstar values the company at $780 billion, significantly below the expected valuation.
See More
