American software giant Palantir Technologies (NASDAQ: PLTR) has received a fresh endorsement from Wall Street ahead of its earnings release.
Specifically, Piper Sandler analyst Clark Jeffries raised his PLTR stock price target to $201 from $182, while maintaining an ‘Overweight’ rating. The new target reflects a potential upside of 13.5% from the last market close of $177.
The revision was driven by continued confidence in Palantir’s long-term growth trajectory despite its elevated valuation.
Jeffries highlighted the company’s strong revenue visibility, citing more than $7 billion in defined contract value and approximately $4 billion in potential IDIQ (Indefinite Delivery, Indefinite Quantity) contracts. He also pointed to accelerating commercial momentum, with triple-digit growth in bookings recorded so far this year.
According to Jeffries, Palantir’s expanding footprint in both commercial and government sectors, particularly within the $1 trillion U.S. defense market, positions the company for sustained growth.
The analyst noted that Palantir could potentially double or triple its government business while still remaining significantly smaller than major defense contractors, leaving ample room for expansion.
The optimistic outlook comes as Palantir prepares to report its third-quarter 2025 results on Monday, November 3.
Wall Street cautious on PLTR stock price
Meanwhile, Wall Street analysts remain divided on PLTR’s outlook for the next year. Based on 19 analysts tracked by TipRanks, the average 12-month price target stands at $156.53, representing an 11.67% decline from the stock’s last price of $177.21.
Analyst expectations show significant variability, with a high forecast of $215 and a low of $45, reflecting divergent views on the company’s growth prospects and valuation.
Overall, shares of Palantir have rallied sharply this year, supported by growing demand for its AI-driven data platforms across both public and private sectors.
Investors will be watching closely to see if the company can maintain its current momentum heading into the final quarter of 2025.
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