Palantir (NASDAQ: PLTR) has been relentlessly growing its business in recent years and, given its generally bullish stance on the equity, Wall Street has certainly taken notice.
The latest examples of institutional confidence in PLTR came on April 22 and April 23 when experts with William Blair and DZ Bank issued new ratings for the shares.
On Wednesday, William Blair’s Louie DiPalma issued a note describing Palantir stock as a ‘Buy,’ despite refraining from issuing a 12-month price target.
DZ Bank, on the other hand, set its sights at a lofty $175 for the data analytics, artificial intelligence (AI), and – some would say – surveillance firm. As could be expected with a forecast that predicts a 22.22% rally, the analysts simultaneously initiated their coverage of PLTR shares with a ‘Buy’ rating.
Palantir stock falls in 2026 despite growing government entanglement
Meanwhile, though Palantir has been advancing its private and public sector business with numerous new contracts and deepening its cooperation with the U.S. military to dramatic effect during the original hot phase of the Iran war, PLTR stock has been lagging.
Indeed, the equity was trading at $177.75 at the end of 2025 and declined 19.45% year-to-date (YTD) to its April 24, press time price of $143.18. Furthermore, despite rallying through March, Palantir is down 8.53% in the last 30 days and 7.24% in the most recent regular session.
Wall Street sets Palantir stock price target for next 12 months
Elsewhere, Wall Street, on average, considers PLTR stock a ‘Moderate Buy,’ and anticipates a 37.07% 12-month rally to $194.06, per the data Finbold retrieved from TipRanks.
Simultaneously, the street high forecast was provided on March 13 by Citi (NYSE: C) when analyst Tyler Radke set his Palantir price target at $260 for a 81.59% upsurge.
On the flip side, Jefferies’ Brent Thill is responsible for the most bearish rating, having opined that PLTR stock is a ‘Sell,’ and that it would crash 51.11% to $70.
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