Why a longtime skeptic of Palantir’s stock is finally saying it’s time to buy

A longtime bearish analyst has turned positive on Palantir, arguing that the company's total addressable market may expand well beyond current expectations while its business model should help it sustain an edge over competitors. The shift is notable precisely because it comes from a persistent skeptic rather than an existing bull, which can carry extra weight with investors who track analyst revisions.

The call rests on two pillars: a larger opportunity set, and a durable competitive position. If the addressable market is genuinely widening, Palantir's growth runway lengthens, which matters for how the market values future revenue. A defensible business model, meanwhile, speaks to pricing power and retention—factors that tend to separate lasting franchises from cyclical winners.

For observers, the key question is whether this is an isolated upgrade or the start of a broader reassessment on Wall Street. Watch for follow-on changes to price targets and ratings, and for evidence in upcoming results that the expanded opportunity is translating into actual bookings. Analyst sentiment can move multiples quickly, but durable gains still depend on execution.