What exactly changed in the PLTR analyst rating on Feb 3, 2026?

On Feb 3, 2026 HSBC upgraded Palantir (PLTR) from Hold to Buy, while Deutsche Bank maintained Hold and raised its price target to $200. Both moves reflect stronger revenue and profit trends but show differing conviction levels.

How should investors interpret the Deutsche Bank price target increase?

Deutsche Bank’s raise to a $200 target signals a higher valuation outlook tied to margin improvement, but keeping a Hold shows the bank still sees execution or valuation risks investors should watch.

Does the HSBC upgrade mean PLTR will rise immediately?

An HSBC upgrade raises probability of positive flows, but immediate price moves depend on market depth, timing, and countervailing notes. The upgrade is a bullish signal but not a guarantee of immediate gains.

Where can I read the analyst notes referenced in this piece?

See HSBC’s upgrade coverage at TheFly and Deutsche Bank’s note on StreetInsider. HSBC coverage: [TheFly](https://thefly.com/permalinks/entry.php/id4283824/0505286394/PLTR-HSBC-upgrades-Palantir-to-Buy-on-strong-growth). Deutsche Bank note: [StreetInsider](https://www.streetinsider.com/Analyst+Calls/

Analyst Ratings

HSBC upgrades Palantir Technologies Inc. (PLTR) to Buy on Feb 3, 2026; Deutsche Bank raises PT to $200

ByHuzaifa Zahoor February 4, 2026February 4, 2026

HSBC upgraded Palantir Technologies Inc. (PLTR) from Hold to Buy on February 3, 2026, signalling a notable shift in sentiment. This PLTR analyst rating follows Deutsche Bank’s same-day move to maintain a Hold while raising its price target to $200. Investors should note both the change in tone from HSBC and the higher valuation implied by Deutsche Bank’s target. We examine the firms’ reasoning, the immediate market reaction, and what these moves mean for shareholders and traders evaluating PLTR analyst rating signals.