Analysts set a median price target of $200 for Palantir, reflecting optimism despite a 37% decline from its 52-week high.
Palantir Technologies (NASDAQ: PLTR) has a median 12-month price target of $200, according to 34 Wall Street analysts, implying a 55% gain from current levels. The highest target reaches $255, nearly doubling its value.
The stock has fallen 37% since hitting a 52-week high in November, driven by valuation concerns and competition fears from AI startup Anthropic. Despite this, 21 analysts rate PLTR a buy, while 11 recommend holding and two suggest selling.
Analysts cite Palantir’s growth in the AI software market as a key factor for the optimistic outlook, even amid perceived competitive pressures.