Barclays analyst Anthony Valentini initiated coverage of SpaceX (SPCX) and Palantir (PLTR) with overweight ratings, with a $254 price target for SpaceX implying nearly 60% upside and a $265 target for Palantir implying more than 30% gain. He sees SpaceX's scale and launch capacity giving Starlink a major edge, with growth expected from terrestrial data centers, leasing out computing capacity and the Cursor acquisition for AI coding, although reaching that upside requires rapid growth and progress with Starship. For Palantir, the analyst points to the government's shift toward unified data systems and U.S. commercial customers as growth drivers, with net revenue retention of 157% at the end of Q2 showing customers spending 57% more than a year earlier. The article notes Palantir is not cheap at 39 times 2027 forward sales estimates, but calls it an intriguing growth stock even at these levels.
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