Palantir (NASDAQ: PLTR) has been all the rage in the past few days, with its shares surging 140% since the end of January.
On Tuesday, August 5, the software company received another major vote of confidence with Wedbush raising its PLTR price target from $160 to $200 per share.
Elaborating on its “Street high” rating, the financial firm market analyst Dan Ives cited growing demand for Palantir’s artificial intelligence (AI) solutions and its “eye-popping” second quarter results.
Palantir stock performance
Palantir’s second-quarter performance in 2025 has indeed been exceptional. Namely, the company saw a 78% surge in earnings per share (EPS) and reported more than $1 billion in quarterly revenue for the first time.
U.S. commercial was the best performing segment, seeing a 93% increase in revenue year over year (YoY) and now making up more than 30% of the company’s total revenue.
Wedbush also highlighted strong customer growth, as Palantir’s top 20 customers now generate an average of $75 million in trailing 12-month revenue, which translates to a 30% increase from a year ago.
What’s more, operating income reached $464.4 million, with a 46.3% margin. Similarly, free cash flow came in at $568.8 million, well above Wall Street’s $329.6 million projection.
Palantir price prediction
Wedbush is hardly alone in its bullish outlook. On Wednesday, August 6, analyst Gil Luria of D.A. Davidson raised his Palantir price target from $115 to $170.
As reported by market analysis platform TipRanks, Luria dubbed Palantir the “best story in all of software.”
On the same day, Gregg Moskowitz of Mizuho raised his price target from $135 to $165 while maintaining a “Hold” rating. These followed revised PLTR price targets from Deutsche Bank and Morgan Stanley.
At the time of writing, Palantir stock is trading at $173.27, down 0.73% in pre-market. Based on a total of 16 ratings, the average 12-month price target for the stock currently stands at $150.60, implying a 6.26% downside from current levels.
Looking ahead, Palantir is expecting full-year revenue somewhere between $4.142 billion and $4.150 billion, with U.S. commercial expected to grow more than 85%.
Featured image via Shutterstock
