While Palantir (NASDAQ: PLTR) stock ended the last session attempting to reclaim the $100 mark, a section of Wall Street analysts foresee a modest decline for the equity over the next 12 months.
Currently, PLTR is trading at $93.78, having rallied 1.15% at market close on April 17. The American software company remains in the green year-to-date, up nearly 25%.
So far, PLTR stock has been largely weighed down by the broader market downturn but has sustained positive returns in 2025, thanks to the company’s venture into artificial intelligence (AI). Additionally, the stock has gained momentum following key partnerships and high-profile government deals.
For instance, recent gains in the stock have been driven by a $30 million ICE contract, a Claude AI partnership for federal use, and a landmark NATO deal involving its Maven Smart System.
Wall Street sets PLTR stock price
As for Palantir’s outlook, 18 Wall Street analysts at TipRanks have given the stock a 12-month average forecast of $93.69, reflecting a modest 0.10% downside from its recent price.
Ratings remain mixed, with three analysts recommending a ‘Buy,’ 12 suggesting a ‘Hold,’ and three advising a ‘Sell’. Price targets range from a high of $125 to a low of $40, indicating uncertainty about the stock’s future performance.
On April 14, Wedbush analyst Dan Ives reaffirmed an ‘Outperform’ rating on Palantir with a $120 price target, highlighting its 290.6% one-year return and 80.25% gross margins. The endorsement follows Palantir’s recent AI-powered military system contract with NATO, considered a primary federal sector win that highlights its expanding role in defense technology.
That same day, DA Davidson lowered its price target on Palantir from $105 to $100 while maintaining a ‘Neutral’ rating as part of a broader software sector update. The firm cited expectations of one or two-quarters of negative U.S. GDP in 2025, which it believes will slow growth and has already pressured market valuations. Additionally, regardless of future tariff policies, DA Davidson anticipates a slowdown in consumer activity and corporate investment in the coming quarters.
On March 18, Jefferies analyst Brent Thill reaffirmed a ‘Sell’ rating on Palantir with a $60 price target. Thill cited overvaluation and recent insider selling, highlighting co-founder Stephen Cohen’s $310 million share sale as a potential red flag. Thill views Palantir as the most expensive stock under Jefferies’ coverage, arguing that its current valuation already prices in AI-driven momentum.
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