Despite the recent correction that left Palantir (NASDAQ: PLTR) stock effectively flat on the monthly chart, one major bank estimated on September 15 that the equity could soon soar toward $250.
Specifically, UBS analyst Karl Keirstead assigned a ‘Buy’ rating on Tuesday and replaced the previous $220 forecast with a $250 price target, meaning he now anticipates PLTR shares can rally 44.88% within just 12 months.
Notably, the note estimates that Palantir’s fortunes will shift significantly in the next year since the equity is effectively flat – up only 1.35% – in the 52-week chart.
This bullish assessment is, according to the banking giant’s expert, largely the result of high demand for the software giant’s artificial intelligence (AI) systems among major enterprises and the expected 2027 free cash flow multiple.
Wall Street sets Palantir stock price target for the next 12 months
Meanwhile, UBS’ latest Palantir stock rating is somewhat more optimistic than the average estimate provided by Wall Street analysts. Indeed, PLTR equity is regarded as a ‘Moderate Buy’ overall with seventeen positive, four neutral, and two ‘Sell’ recommendations assigned within the last three months.
Similarly, the average price target of $202.11 – 17.12% above the latest closing price of $172.56 – is somewhat more conservative than Karl Keirstead’s estimate.
September sees Wall Street turn universally bullish on Palantir stock
Notably, September notes proved more optimistic. Out of the four Wall Street experts to examine Palantir stock’s prospects since the month started, all assessed them as positive and assigned ‘Buy’ ratings, per the data Finbold retrieved from the equity analysis platform TipRanks on September 16.
Among these, D.A. Davidson set its PLTR price target at $250 – up from $200 – Rosenblatt at $225, and UBS also at $250. Oppenheimer’s Martin Yang was something of an outlier with a $200 estimate.
Finally, the latest developments in the AI industry could ultimately prove beneficial for Palantir stock, further bolstering the bull case.
Specifically, the company’s leadership recently spoke out against the dominance of prominent AI labs and argued in favor of in-house systems, albeit run using Palantir’s products as ‘an application layer.’
Given the slowdown that Anthropic, OpenAI, and several other actors started arguing for in September, and recent developments indicating these firms have been profoundly irresponsible, the software giant could see sizeable benefits.
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