Analysts set a 12-month price target for PLTR at $150.02 after Q1 2026 revenue surged 85% to $1.63 billion.
Palantir Technologies (NASDAQ:PLTR) has been rated a buy with a $150.02 price target, suggesting 32% upside from current levels near $113.50. The firm cited Q1 2026 revenue growth of 85% year over year to $1.63 billion as a key driver, despite a 36% decline in shares year to date.
Shares have fallen from a December peak of $183.25 to $113.50, trading 12% below the 52-week high of $207.52. The pullback follows bearish sentiment, including a June note questioning PLTR’s AI-driven valuation, though fundamentals remain strong.
The stock trades at 131 times trailing earnings, leaving little margin for error, but even bear-case targets remain 20% above current levels.