Barclays Launches Defense Coverage with $265 Palantir and $254 SpaceX Targets

US Markets11 days ago

The bank assigned an Overweight rating to Rocket Lab with an $85 price target and upgraded Archer Aviation to Overweight with a target of $8 today. Barclays also initiated coverage of Palantir and SpaceX with Overweight ratings and price targets of $265 and $254 respectively, signaling high conviction in the defense technology sector.

Barclays stated the U.S. is in the early innings of a modern day industrial revolution and noted a preference for technology providers over traditional large-cap defense primes. The firm's newly launched aerospace and defense coverage also identifies growth potential within the aerospace aftermarket.

Mapped to your portfolio

Possible scenarios

42%Barclays Validation Sticks+0.3%
28%Valuation Skepticism Caps-0.1%
18%Contract Read-Through Strengthens+0.3%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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Barclays Launches Defense Coverage with $265 Palantir and $254 SpaceX Targets

In this story

Barclays Palantir Technologies SpaceX Rocket Lab Archer Aviation United States

$PLTRPalantir Technologies, Inc.
$SPCXSpace Exploration Technologies Corp.
$RKLB

Rocket Lab Corp.

$ACHRArcher Aviation, Inc.

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

42%Barclays Validation Sticks+0.3%
28%Valuation Skepticism Caps-0.1%
18%Contract Read-Through Strengthens+0.3%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.