Technology
Technology TLDR
UBS has actually called Palantir, AT&T and Spotify amongst its leading stock choices throughout innovation, media and telecoms, although all 3 have actually routed the wider market in 2026.
The financial investment bank highlighted 14 business in a research study note, concentrating on companies with unique development motorists, lower evaluations and direct exposure to patterns such as expert system, cloud computing and digital services.
Palantir shares are down about 1.5% this year at approximately $175. The stock came under pressure previously in 2026 as financiers questioned whether more recent AI designs might deteriorate need for software application business.
Palantir Technologies Inc., PLTR
Technology UBS Sees Upside in Palantir and AT&T
Palantir’s assessment has actually likewise fallen dramatically. The stock traded near 180 times predicted 12-month revenues in January, however that numerous has actually given that been cut approximately in half.
The business’s operating efficiency has actually stayed strong. Palantir reported 93% year-over-year earnings development in the 2nd quarter.
Changed running margins likewise reached 62% from 46% a year previously.
UBS stated need for Palantir’s AI and automation software application stays strong which the business has actually seen restricted competitive pressure from AI design companies or other information software application companies.
The bank has a $250 cost target on Palantir, compared to a current share rate near $175.
AT&T has actually likewise lagged the more comprehensive market, increasing about 2.5% in 2026 to around $25.46.
By contrast, the S&P 500 has actually gotten about 11.4% this year.
UBS sees AT&T taking advantage of increased bundling throughout cordless and high speed services.
The business is currently a significant U.S. wireless and fiber operator and has actually continued buying fiber while preserving capital.
UBS stated that offers AT&T space to continue share buybacks and keep its dividend.
The bank has a $31 cost target on AT&T, representing approximately 22% upside from current levels.
Technology Spotify Valuation Falls as Market Stays Uneven
Spotify has actually carried out even worse than the other 2 stocks this year, falling about 11% to approximately $519.
The streaming business continues to include customers, though its newest incomes were injured by greater operating costs.
UBS anticipates Spotify to transform more totally free users into paid customers, raise rates and broaden even more into items with greater margins, consisting of audiobooks.
The stock trades at about 31 times predicted incomes for the next 12 months, below around 42 times at the start of the year.
UBS has actually set a $690 cost target on Spotify.
The bank likewise called Amazon, Pinterest, Procore Technologies and Texas Instruments amongst its favored innovation stocks.
The more comprehensive market completed Friday blended. The Nasdaq acquired 0.4%, the S&P 500 included 0.2%, and the Dow fell 0.2%.
The 10-year Treasury yield moved close to 5% as traders increased expectations for another Federal Reserve rate boost in October.
Chip stocks recuperated from losses previously in the week, while oil rates alleviated listed below $100. Palantir, AT&T and Spotify stay amongst UBS’s chosen stock choices as financiers weigh revenues development versus greater rates of interest.
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