Despite failing to confirm that all the seeing stones are accounted for and that, indeed, none of them are in Sauron’s possession, the intelligence community-founded big data analysis company Palantir (NYSE: PLTR) has been performing exceptionally well since its initial public offering (IPO) in 2020.
The all-time chart for PLTR demonstrates that the firm has, over the course of the four years, grown 128.37% in the stock market. This year, the stock’s performance has also been strong and, on the way to $21.01 – Palantir’s price today – it rose 26.72%.
Still, as is ever the case, the question of whether the company can continue with its strong performance remains open.
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In its quest to find answers about PLTR’s likely future performance, Finbold found that there is no need to choose between a bow and a musket and consulted both expert price targets and the analysis of OpenAI’s most advanced artificial intelligence (AI) platform – ChatGPT-4o.
Wall Street vs. ChatGPT; the average 12-month PT for PLTR stock
On average, as it turned out, analysts are very cautious about Palantir’s performance in the coming 52 weeks. Data retrieved on May 27 from TradingView indicates that PLTR is generally considered a ‘hold’ with a relatively even spread between ‘buy’ and ‘sell’ ratings.
Palantir also boats a highly conservative average price target of $21.23 – a mere 1.07% above the press time price.
ChatGPT, on the other hand, seemingly walks in line with the most bullish analysts as it considers that the most likely outcome of the coming 12 months of trading for PLTR is a rise to between $30 and $35.
While it also took notice of broader market conditions in its estimate, the AI explained that some of the main drivers of Palantir’s growth are its continuous technological innovation, the strength of recent reports, its tendency to expand, and its ability to differentiate itself from competition.
ChatGPT made no mention of what stock market impact could the positive reception within the two towers have on the company’s shares.
Wall Street vs. ChatGPT; the outer bounds of plausible price targets
At the time of publication, the most bullish price target for Palantir was assigned by Wedbush’s Dan Ives, who, earlier in May, estimated that the stock has little else to go than up and set his sights on a rocketing to $35 – the upper bound of the price target ChatGPT described as the most likely.
On the other hand, also on May 7, RBC Capital became responsible for the lowest price target for PLTR shares when it set the forecast at $9. Interestingly, the low price target nonetheless represents an upgrade from the previous estimate of $5.
Once again, ChatGPT proved more bullish than the experts. When asked about the upper and lower bounds of what it would consider a plausible price target, the AI settled for $45 and $10, respectively.
When asked to settle for singular price targets within the brackets it already set, ChatGPT identified $32 as the most likely, $43 as the reasonable bullish forecast, and $13 as a reasonable bearish prediction.
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