Much like many other prominent technology stocks profoundly involved with the ongoing artificial intelligence (AI) boom, Palantir (NYSE: PLTR) has seen a major rise since the start of 2024.
Indeed, PLTR shares are up as much as 71.69% in the year-to-date (YTD) chart, and the last 30 days in particular have seen a return to a rally – with a 13.81% surge – following approximately 4 months of relatively sideways trading. Palantir price today stands at $28.47.
Still, as is the case with most stocks that have seen exceptional growth, there is some anxiety about whether PLTR can sustain its strong performance, and Finbold decided to examine what the experts believe is ahead for the firm.
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Analysts set Palantir price target for 2025
Among analysts, uncertainty about the future of Palantir stock is well-reflected by a major spread of opinions, which, ultimately, results in an overall ‘hold’ rating.
Out of the 13 experts represented on the stock analysis platform TipRanks, 3 rate PLTR shares as a ‘buy,’ 4 as a ‘sell,’ and as many as 6 are neutral.
The situation is much the same when it comes to price targets for 2025. While the average forecast would see PLTR drop 19.67% to $22.55, there is a veritable ocean between the street high and the street low.
On June 5, experts at RBC Capital raised their 12-month price target for Palantir shares from $5 to $9 – thus providing the current lowest estimate – while maintaining the ‘sell’ rating.
On the opposite side of the range, Wedbush opined on May 6 that PLTR is set for a massive stock market rise and, along with rating the stock as a ‘buy’ predicted it would rally to $35 by the start of summer 2025.
Recent revisions show heightened confidence in Palantir stock
The most recent price target revisions appear to fall in line with Palantir’s own predictions for its second-quarter results, scheduled for release on August 5, and are generally bullish.
Indeed, the firm expects to report revenue of $651 million – representing a growth of 24% – and the full-year guidance was also upgraded to a predicted revenue in the range between $2.677 billion and $2.689 billion.
Under such circumstances, it comes as little surprise that Bank of America (NYSE: BAC) assigned a $28 price target for 2025 on June 28 while maintaining a ‘buy’ rating.
Citi (NYSE: C), on the other hand, while raising their forecast from $23 to $25 in May, reiterated their ‘neutral’ rating on July 8.
According to the banking giant, more evidence of the sustainability of Palantir’s growth and ability to monetize its AI programs would be needed to merit a change in rating.
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