After several sessions of sustained losses, the stock price of American software giant Palantir (NASDAQ: PLTR) is showing signs of recovery, with an artificial intelligence (AI) tool forecasting further gains toward the end of the month.
At the time of reporting, PLTR was trading at $84.90, up 5.5% on the day. However, the stock remains in the red for the past week, having dropped over 4%. The losses are even more pronounced on the monthly timeframe, with PLTR down 27%.
Palantir stock price prediction
Regarding the stock’s next price trajectory, Finbold tapped its own AI prediction tool, which sees PLTR nearing the $100 mark in the coming weeks. Utilizing insights from various models, the tool set an average price of $98.33 by March 31, a 5.82% jump from its current spot.
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Among the forecasts, ChatGPT-4o is the most optimistic, predicting that PLTR will climb to $115, a 35.45% surge. It points to strong momentum and a possible ‘golden cross’ on the charts, hinting at a longer-term uptrend.
Grok 2 Vision shared a more conservative target of $95, a solid 11.89% rise. It credits steady momentum, a bullish trend, and upbeat market sentiment for the potential lift.
On the cautious side, Gemini 1.5 Flash 002 sees PLTR dipping slightly to $85.00, nearly flat with a 0.10% drop. It notes that while the 50-day and 200-day moving averages (MA) hint at modest growth, market jitters call for a careful approach.
On the other hand, stock trading expert Market Maestro stressed in an X post on March 8 that the recent correction in Palantir should not cause an alarm. After the stock’s rally, the analyst stated that a healthy correction is necessary before its next upward move.
He observed that the recent drop below $100 formed a potential cooling-off period that could prevent excessive volatility. A key level to watch is $76, which aligns with the 21-week Exponential Moving Average (EMA), a critical support level.
If Palantir breaks below this level, the expert noted that a deeper pullback toward the Fair Value Gap (FVG) zone would likely offer investors an attractive re-entry opportunity.
He noted that despite this short-term correction, the longer-term outlook remains strong. The Fibonacci extension suggests a future price target of $101, while institutional activity and momentum indicators remain positive.
Palantir stock fundamentals
It’s worth noting that Palantir’s recent drop has been due to multiple factors beyond the broader stock market correction. The equity took a major hit after reports emerged that the Department of Defense (DoD) might be planning budget cuts as part of a government-wide push under the Donald Trump administration. As a major DoD contractor, Palantir saw its stock decline over concerns that the move could impact its future revenue.
Beyond potential DoD budget cuts, PLTR’s valuation remains a key concern. Some analysts argue that the stock is overextended and could dip before rebounding.
On the other hand, Wall Street remains divided on Palantir’s outlook. On March 5, Jefferies analyst Brent Thill reaffirmed an ‘Underperform’ rating with a $60 target, citing insider selling, CEO Alex Karp’s offloading of $45 million in shares (21% of his stake) over six months, and Palantir’s still-high valuation, trading at 39x CY 2026 revenue.
Conversely, on March 3, Wedbush’s Dan Ives maintained an ‘Outperform’ rating with a $120 target, seeing the sell-off as a buying opportunity. He believes Palantir’s AI growth, especially through Project Stargate, could secure more government deals and long-term gains.
On the fundamentals, Palantir recently deployed its first AI-powered Tactical Intelligence Targeting Access Node (TITAN) systems to the U.S. Army. The $178 million contract, awarded last March, marks the first time a software firm has led a major hardware program. The deal includes 10 TITAN units, which enhance battlefield intelligence without cloud reliance.
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