UBS upgrades to Buy following strong Q1 2026 results

Palantir Technologies' stock is moving up by 2.82% today, driven by a bullish upgrade from UBS, which raised its rating from Neutral to Buy following the company's strong Q1 2026 results. Palantir reported a revenue of approximately $1.6 billion for Q1 2026, marking an 85% year-over-year increase, surpassing consensus estimates. The upgrade reflects positive analyst sentiment regarding Palantir's accelerating AI platform adoption and its expanding commercial and government contract base, further enhancing investor confidence in the company's growth trajectory.