The share price of American software giant Palantir (NASDAQ: PLTR) continues to surge, with the equity setting its sights on the $200 mark. 

Despite strong momentum in AI, some Wall Street analysts remain bearish, projecting a downside over the next year.

At press time, PLTR shares were valued at $178.86, closing the last session up 0.73%. Year-to-date, the stock has rallied 137%.

Now, according to TipRanks, 19 analysts have set an average price target for Palantir at $156.53, implying a 12.48% downside from current levels. 

The forecasts vary significantly, with the most optimistic target at $215 and the most bearish at $45. Notably, analyst sentiment is mixed, with 4 ‘Buy’ ratings, 13 ‘Hold’, and 2 ‘Sell’recommendations.

Analyst take on PLTR stock 

Among the analysts, Bank of America’s Mariana Perez Mora on September 23 raised her price target from $180 to $215 with a ‘Buy’ rating. Mora highlighted Palantir’s accelerating commercial traction, showcased at its recent AIPCon 8 event, citing the company’s ontology architecture and forward-deployed engineers as key strengths. She also pointed to the integration of agentic AI capabilities as a driver of broader adoption across industries, with commercial sales projected to exceed $10 billion by the end of the decade. 

Mizuho also reiterated its ‘Hold’ rating and $165 price target, acknowledging Palantir’s strong execution and rapid growth. The firm analyst Gregg Moskowitz on 14 September 2025 noted nearly 39% revenue growth and gross margins above 80% across Commercial and Government segments. However, he flagged Palantir’s “extreme” valuation, with a P/E ratio of 567.38, warning of potential multiple compression in the coming quarters. 

On the other hand, UBS also maintained a ‘Hold’ rating with a $165 price target, citing recent demand trends as the basis of its cautious outlook. While recognizing Palantir’s momentum, the firm underscored concerns over current valuation levels.

Finally, William Blair reiterated its ‘Market Perform’ rating after Palantir’s AIPCon 8 event, where the company announced new customer wins and adoption by more than 70 U.S. commercial clients, including Waste Management, bp, and American Airlines. The firm acknowledged Palantir’s growing footprint across key industries but stopped short of a more bullish call.

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