Palantir Technologies (NASDAQ: PLTR) has been a focal point for investors in 2024, fueled by its strong positioning in the AI-driven growth narrative.
PLTR stock currently trades near its 52-week high of $84.80, propelled by robust buying interest and heightened trading volumes. This performance, while impressive, also raises questions about the sustainability of its upward trajectory, particularly as investors look toward 2025 with cautious optimism.
Trading between $64.24 and $84.80 over the past month, the stock has demonstrated significant volatility, yet Palantir shares remain resilient near the top of its range.
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Elevated volume over the past several sessions underscores strong market participation, a positive signal during a strong upward movement. However, with prices rising sharply, the risk of a short-term pullback looms large, making a period of consolidation a likely and healthy scenario for long-term investors.
Key support levels for the stock are evident between $76.07 and $77.09, where multiple trend lines and moving averages converge to provide a safety net. The range offers a critical juncture for investors seeking strategic entry points. Moreover, the presence of a recent Pocket Pivot signal, indicative of institutional buying, adds to the bullish case for Palantir’s medium-term prospects.
Wall Street divided on PLTR stock price
Despite these technical strengths, Wall Street remains divided on the stock’s future. UBS analysts, who initiated coverage with a Neutral rating, have placed an $80 price target on Palantir, reflecting cautious optimism. They acknowledge the company as a “key AI-data winner,” poised to capitalize on the growing demand for artificial intelligence solutions.
However, their tempered outlook suggests some skepticism about the stock’s ability to sustain its lofty valuation. Meanwhile, the average Wall Street price target of $44.85 highlights a significant disconnect between current trading levels and broader analyst sentiment, implying a potential downside of over 45%.
Jim Cramer’s speculative $100 price target has also drawn attention, though it should be viewed more as an indication of investor enthusiasm than a reflection of rigorous analysis.
ChatGPT-4o predicts Palantir (PLTR) stock price for 2025
Looking ahead to 2025, ChatGPT-4o offers an optimistic yet grounded projection for Palantir. Factoring in the company’s leadership in AI applications, particularly in government contracts, healthcare, and enterprise software, the AI model suggests that the stock could trade between $90 and $110 by year-end 2025.
This assumes continued growth in AI adoption, stable macroeconomic conditions, and Palantir’s ability to execute on its ambitious growth strategy.
The bullish case for Palantir hinges on its ability to deliver consistent earnings growth and capitalize on high-profile partnerships, which could drive increased revenue from its Foundry and Gotham platforms. At the same time, risks remain.
Elevated valuations make the stock susceptible to volatility, particularly in the face of broader market corrections or macroeconomic headwinds. Investors should also be mindful of the company’s ability to manage expectations, as any perceived misstep could invite significant downside pressure.
As always, thorough due diligence and a clear understanding of one’s risk tolerance remain paramount in navigating the opportunities and challenges that lie ahead for Palantir.
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