Palantir's Shares Provide Exceptional Growth, Trading PLTR Now Worthy?
Palantir Technologies (PLTR) is experiencing a rise in its shares today, but the broader analyst consensus remains cautious, despite Piper Sandler's recent bullish note. The overall consensus across about 22 to 23 analysts is a "Hold" rating, with approximately 4 having "Buy" ratings, 15 having "Hold" ratings, and 4 having "Sell" ratings [3][4].
Piper Sandler analyst Brent Bracelin initiated coverage of Palantir with an "Overweight" rating, citing the company's unique growth plus margin model. However, the average 12-month price target is around $91 to $108, indicating a potential downside of approximately 25% from current levels [1][3][4].
The mean target for Palantir stock is about $107, highlighting the divergence of views among analysts. Some individual price targets range widely, from a low of $40 up to a high near $160 [1][3][4].
Specifically, the price targets forecast:
| Year | Price Target | % Change From Current Price (~$158) | |-------|--------------|------------------------------------| | 2025 | $120 | -24.4% | | 2026 | $135 | -15.0% | | 2027 | $157 | -1.1% | | 2028 | $163 | +2.6% | | 2029 | $178 | +12.1% | | 2030 | $192 | +20.9% |
This shows analysts believe that the stock is currently priced optimistically and may face some downside pressure in the near term before potential growth later in the decade [4].
It is worth noting that the AI company Palantir is being referred to as an "all-star" by Piper Sandler analyst. If proven durable, Palantir's model could grow into a $24 billion run-rate by 2032, according to Brent Bracelin [5].
Piper Sandler analyst downplayed valuation concerns in Palantir stock, referring to the recent rally as a "rise of the phoenix moment" [2]. The investment firm also refers to Palantir as a "secular winner" within the artificial intelligence space [5].
Palantir is expected to gain share in two markets valued at over $1 trillion each, and its Q2 earnings are scheduled for August 4 [6]. Despite the mixed outlook, it is important to remember that the author does not have positions in any of the securities mentioned in this article [7]. Other Wall Street firms currently recommend "Hold" on Palantir stock [3].
Investing in Palantir Technologies (PLTR) could potentially yield returns over the upcoming decade, given the optimistic long-term price targets and the bullish note from Piper Sandler. The application of artificial intelligence (AI) technology in their unique growth model is what makes Palantir a "secular winner" within the AI space, as per Piper Sandler's analysis.
