Palantir Stock Surges 2400% Amid AI Boom; Price Target Raised to $235
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: NASDAQ.COM
- Stock Surge: Palantir's stock has skyrocketed over 2400% in the past three years, establishing itself as one of the most valuable tech companies globally, highlighting its robust growth potential amid the AI revolution.
- Analyst Price Target Increase: Citigroup analyst Tyler Radke raised Palantir's price target from $210 to $235, indicating a 34% upside from the current share price, reflecting market optimism about its future growth prospects.
- Contract Revenue Boom: Palantir's remaining performance obligations (RPO) in the U.S. commercial segment reached $3.6 billion, up 199% year-over-year, indicating strong future revenue growth potential, especially with rising demand for AI services in the government sector.
- Valuation Concerns: Despite optimistic growth prospects, Palantir's price-to-sales ratio of 115 is significantly higher than other industry leaders, leading analysts to express concerns about its frothy valuation and the likelihood of future adjustments.
Analyst Views on PLTR
Wall Street analysts forecast PLTR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PLTR is 192.88 USD with a low forecast of 50.00 USD and a high forecast of 255.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
5 Buy
10 Hold
2 Sell
Hold
Current: 177.070
Low
50.00
Averages
192.88
High
255.00
Current: 177.070
Low
50.00
Averages
192.88
High
255.00
About PLTR
Palantir Technologies Inc. is engaged in building software to assist in counterterrorism investigations and operations. The Company has built four principal software platforms, including Palantir Gotham (Gotham), Palantir Foundry (Foundry), Palantir Apollo (Apollo), and Palantir Artificial Intelligence Platform (AIP). Apollo is a cloud-agnostic, single control layer that coordinates ongoing delivery of new features, security updates, and platform configurations, helping to ensure the continuous operation of critical systems. Gotham enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants. Foundry transforms the ways organizations operate by creating a central operating system for their data. AIP enables responsible artificial intelligence (AI)-advantage across the enterprise by using primary, core components built to effectively activate large language models and other AI within any organization.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
