Palantir (NASDAQ: PLTR) has been struggling so far in 2026, enjoying only a brief uptick following February 2 earnings report, which was not enough to offset the generally negative trend that has pushed the prices down 14% year-to-date.
Accordingly, Wall Street has been revising its PLTR stock price outlook. Most recently, Daiwa Securities downgraded its Palantir stock price target from $200 to $180 on February 10. However, analyst Shigemichi Yoshizu bumped the stock rating from ‘Neutral’ to ‘Buy,’ implying the dip might be a buying opportunity.
After all, PLTRstock remains around 30% below its 52-week high despite delivering another exceptional growth quarter. What’s more, while steep valuation remains a concern as software stocks have come under pressure, the company’s focus on real-world utility is driving demand.
The fact also remains that institutional clients are increasingly approaching Palantir as well, often committing to larger contracts and accelerating the company’s growth trajectory. Right now, the management expects next fiscal year revenue to climb to $7.19 billion.
New Palantir stock price target
As already implied, Yoshizu was not the only one to downgrade his Palantir forecast. Gabriela Borges at Goldman Sachs, for instance, dropped the average price for the next 12 months from $188 to $182 on February 3, just as Gregg Moskowitz at Mizuho Securities cut his own prediction from $205 to $195.
D.A. Davidson analyst Gil Luria was a bit more drastic, calling Palantir a ‘Sell’ with a price target reduction from $215 to $180 on February 3. Karl Keirstead over at UBS was only slightly more lenient, going for a ‘Hold’ rating and a price forecast reduction from $205 to $180 on the same date.
Some of their peers have, however, went the opposite direction, not heeding the charts and pushing their predictions higher. Notably, Clarke Jeffries of Piper Sandler upgraded the PLTR stock price forecast from $225 to $230, with a ‘Buy’ rating, while Citi’s Tyler Radke upped the figure from $235 to $260, also with a ‘Buy’ tag.
Specifically, Citi cited growing enterprise adoption of AI and urgency around U.S. defense capabilities as key catalysts. The analyst also argued that revenue growth could reach 80% this year.
Palantir 12-month price prediction
Despite the downgrades, though, Wall Street still appears overwhelmingly positive on the software company. Namely, the average Palantir share price target this year sits at $191.65, which implies a more than 33% upside potential from the current prices.
According to TipRanks, the figure is the compounded result of 19 ratings collected on the website over the past three months, of which 11 are ‘Buys,’ two ‘Holds,’ and one ‘Sell.’ Overall, Palantir is thus a ‘Moderate Buy.’
Featured image via Shutterstock
