Palantir Technologies (PLTR) Stock Forecast & Price Target

$43.42

-0.09 (-0.21%)

(As of 10/14/2024 ET)

Palantir Technologies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce

Based on 16 Analyst Ratings

Sell
5

Hold
8

Buy
3

Based on 16 Wall Street analysts who have issued ratings for Palantir Technologies in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 16 analysts, 5 have given a sell rating, 8 have given a hold rating, and 3 have given a buy rating for PLTR.

Consensus Price Target

$27.29
-37.16% Downside

According to the 16 analysts' twelve-month price targets for Palantir Technologies, the average price target is $27.29. The highest price target for PLTR is $50.00, while the lowest price target for PLTR is $9.00. The average price target represents a forecasted downside of -37.16% from the current price of $43.42.

PLTR Analyst Ratings Over Time

Type	Current Forecast 10/16/23 to 10/15/24	1 Month Ago 9/16/23 to 9/15/24	3 Months Ago 7/18/23 to 7/17/24	1 Year Ago 10/16/22 to 10/16/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	3 Buy rating(s)
Hold	8 Hold rating(s)	7 Hold rating(s)	4 Hold rating(s)	6 Hold rating(s)
Sell	5 Sell rating(s)	5 Sell rating(s)	7 Sell rating(s)	6 Sell rating(s)
Consensus Price Target	$27.29	$26.79	$21.32	$13.25
Forecasted Upside	-37.16% Downside	-24.74% Downside	-24.45% Downside	-23.68% Downside
Consensus Rating	Reduce	Reduce	Reduce	Reduce

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PLTR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PLTR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Palantir Technologies Stock vs. The Competition

Type	Palantir Technologies	Computer and Technology Companies	S&P 500
Consensus Rating Score	1.88	2.67	2.50
Consensus Rating	Reduce	Moderate Buy	Hold
Predicted Upside	-37.16% Downside	1,675.35% Upside	6.23% Upside
News Sentiment Rating	Neutral News See Recent PLTR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/26/2024	Wedbush 3 of 5 stars		Boost Target	Outperform ➝ Outperform	$38.00 ➝ $45.00	+22.02%
9/23/2024	Raymond James 4 of 5 stars	B. Gesuale Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
9/10/2024	Bank of America 4 of 5 stars		Boost Target	Buy ➝ Buy	$30.00 ➝ $50.00	+44.55%
8/22/2024	Northland Capmk Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Latimore Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
8/22/2024	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$35.00	+7.56%
8/7/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$14.00 ➝ $16.00	-39.83%
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8/6/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$24.00 ➝ $28.00	+5.90%
8/6/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Underperform ➝ Underperform	$9.00 ➝ $9.00	-65.96%
8/6/2024	Monness Crespi & Hardt Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. White Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sell	$20.00 ➝ $18.00	-25.31%
8/6/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$20.00 ➝ $21.00	-12.86%
7/30/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$25.00 ➝ $28.00	+4.17%
7/29/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$24.00 ➝ $28.00	+2.00%
7/16/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Suvannavejh Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Underperform	$21.00 ➝ $22.00	-23.26%
6/17/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Bonner Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$29.00	+23.04%
5/7/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$22.00 ➝ $23.00	+6.53%
5/7/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Underperform
8/31/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Equal Weight ➝ Underweight	$8.00 ➝ $9.00	-44.89%
8/8/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$6.00 ➝ $7.50	-53.45%
2/15/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral	$11.00	+16.90%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 08:14 AM ET.

Should I Buy Palantir Technologies Stock? PLTR Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, October 10, 2024. Please send any questions or comments about these Palantir Technologies pros and cons to contact@marketbeat.com.

Palantir Technologies
Bull Case

Here are some ways that investors could benefit from investing in Palantir Technologies Inc.:

Palantir Technologies Inc. stock price has been steadily increasing, reaching $40.01 on the latest trading day, showing positive momentum.
The company has a market capitalization of $89.60 billion, indicating a strong position in the market.
Institutional investors, such as Vanguard Group Inc. and ARK Investment Management LLC, have been increasing their stakes in Palantir Technologies, showing confidence in the company's future growth potential.
Palantir Technologies Inc. has a diverse range of clients, including government agencies, which provides a stable revenue stream and potential for long-term partnerships.
The company's focus on software platforms for intelligence and counterterrorism operations demonstrates its commitment to cutting-edge technology solutions in high-demand sectors.

Palantir Technologies
Bear Case

Investors should be bearish about investing in Palantir Technologies Inc. for these reasons:

Palantir Technologies Inc. has a high price-to-earnings ratio of 333.44, which may indicate an overvalued stock compared to industry peers.
Insiders have sold a significant number of shares recently, raising concerns about their confidence in the company's future performance.
The company's beta of 2.72 suggests high volatility, which may not be suitable for conservative investors seeking stable returns.
While the company has shown revenue growth, its net margin of 16.32% may be considered low in comparison to other tech companies, impacting profitability.
Palantir Technologies Inc. operates in a highly competitive market, facing challenges from established players and emerging startups, which could impact its market share and growth prospects.

PLTR Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Palantir Technologies is $27.29, with a high forecast of $50.00 and a low forecast of $9.00.
: 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Palantir Technologies in the last year. There are currently 5 sell ratings, 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" PLTR shares.
: According to analysts, Palantir Technologies's stock has a predicted downside of -37.16% based on their 12-month stock forecasts.
: Over the previous 90 days, Palantir Technologies's stock had 1 upgrade and 1 downgrade by analysts.
: Palantir Technologies has been rated by research analysts at Bank of America, Citigroup, DA Davidson, Deutsche Bank Aktiengesellschaft, Jefferies Financial Group, Monness Crespi & Hardt, Northland Capmk, Northland Securities, Raymond James, Royal Bank of Canada, The Goldman Sachs Group, and Wedbush in the past 90 days.
: Analysts like Palantir Technologies less than other "computer and technology" companies. The consensus rating for Palantir Technologies is Reduce while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how PLTR compares to other companies.

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This page (NYSE:PLTR) was last updated on 10/15/2024 by MarketBeat.com Staff

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Palantir Technologies (PLTR) Stock Forecast & Price Target