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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- Industry Influence: He noted that Andreessen Horowitz and its partners plan to support Trump's PAC in the 2024 election, arguing that such massive political spending is detrimental to democracy and could provoke a strong backlash from the public against the AI industry.
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See More
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- Satellite Network Dominance: As of March 31, SpaceX operates 10,000 Starlink satellites, accounting for 75% of all maneuverable satellites in orbit, with subscribers increasing from 5 million to 10.3 million in a year, indicating its rising importance in global communication infrastructure.
- Pricing Power Advantage: Unlike traditional defense contractors, SpaceX combines government contracts with a robust commercial business, providing it with greater flexibility and potential for pricing and growth, straddling the line between defense and tech.
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See More
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- 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
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
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- 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
Former Partner Critiques Political Infiltration by AI Industry
- PAC Criticism: John O'Farrell published an op-ed in The New York Times criticizing the political action committee 'Leading the Future,' backed by Andreessen Horowitz, for raising over $125 million not to advocate for AI policy but to intimidate politicians engaging in AI governance, which could undermine democratic processes.
- Political Influence Expansion: Andreessen Horowitz has become a significant political force in the 2024 election, supporting Trump's campaign, and O'Farrell warns that this political infiltration could poison democracy, especially as public concern over AI grows.
- Anti-Regulation Strategy: O'Farrell notes that 'Leading the Future' employs tactics from the crypto industry, electing 'industry-friendly' politicians to suppress regulatory discussions, which may exacerbate public distrust in the AI sector and hinder its long-term growth.
- Call for Transparency and Trust: O'Farrell emphasizes that the tech industry should foster balanced regulation through serious engagement and trust-building rather than silencing debate, arguing that this political infiltration will ultimately fail as Americans grow increasingly frustrated with the influence of the wealthy and powerful.
See More
Former Partner Critiques AI Regulation PAC
- Critique of AI Regulation: Former Andreessen Horowitz partner John O'Farrell published an op-ed in The New York Times criticizing his peers for obstructing AI regulation, labeling it a 'huge mistake' and stressing the need for industry leaders to engage politicians on AI's potential risks and benefits.
- PAC Funding Dynamics: O'Farrell highlighted that the political action committee 'Leading the Future' has raised over $125 million, asserting that its goal is not to advocate for AI policy but to intimidate politicians who engage in discussions about AI governance, thereby influencing policy outcomes.
- Industry Influence: He noted that Andreessen Horowitz and its partners plan to support Trump's PAC in the 2024 election, arguing that such massive political spending is detrimental to democracy and could provoke a strong backlash from the public against the AI industry.
- Dialogue and Trust: O'Farrell urged the tech industry to foster balanced regulation through serious engagement and trust-building rather than silencing debate, asserting that this approach is crucial for the future of America and the world.
See More
SpaceX IPO to Challenge Wall Street Norms
- Strategic Tech Positioning: SpaceX is set to be the primary launch provider for the U.S. government in 2025, executing 11 out of 12 National Security Space Launch missions, highlighting its critical role in national security and expected revenue growth.
- Satellite Network Dominance: As of March 31, SpaceX operates 10,000 Starlink satellites, accounting for 75% of all maneuverable satellites in orbit, with subscribers increasing from 5 million to 10.3 million in a year, indicating its rising importance in global communication infrastructure.
- Pricing Power Advantage: Unlike traditional defense contractors, SpaceX combines government contracts with a robust commercial business, providing it with greater flexibility and potential for pricing and growth, straddling the line between defense and tech.
- Regulatory Risk Considerations: While its strategic status brings contracts and political support, SpaceX's government work also entails unique risks related to compliance and cybersecurity, and as its importance in U.S. launch and communication infrastructure grows, so too may its obligations.
See More
