Palantir Technologies (PLTR) Stock Forecast & Price Target

$36.84

-0.26 (-0.70%)

(As of 09/27/2024 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
-25.93% 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 -25.93% from the current price of $36.84.

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PLTR Analyst Ratings Over Time

Type	Current Forecast 9/30/23 to 9/29/24	1 Month Ago 8/31/23 to 8/30/24	3 Months Ago 7/2/23 to 7/1/24	1 Year Ago 9/30/22 to 9/30/23
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)	5 Hold rating(s)	6 Hold rating(s)
Sell	5 Sell rating(s)	6 Sell rating(s)	6 Sell rating(s)	6 Sell rating(s)
Consensus Price Target	$27.29	$23.93	$21.25	$13.25
Forecasted Upside	-25.93% Downside	-24.00% Downside	-17.87% Downside	-17.19% 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	Business Services Companies	S&P 500
Consensus Rating Score	1.88	2.66	2.50
Consensus Rating	Reduce	Moderate Buy	Hold
Predicted Upside	-25.93% Downside	303.06% Upside	6.15% Upside
News Sentiment Rating	Positive 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%
Get the Latest News and Ratings for PLTR and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Palantir Technologies and its competitors with MarketBeat's FREE daily newsletter.
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 Sunday at 05:26 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 Monday, September 23, 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. has shown consistent revenue growth over the past few quarters, indicating a positive trend in the company's financial performance.
The recent insider selling activity could be seen as a positive sign, as it may indicate that company insiders believe the stock is currently overvalued and are taking profits at higher price levels.
Analysts have given Palantir Technologies Inc. a mix of ratings, including buy and hold, suggesting a diverse outlook on the company's future potential.
With a market cap of $81.06 billion, Palantir Technologies Inc. is considered a large-cap company, which may provide stability and long-term growth opportunities for investors.
Despite a recent slight decrease in stock price, Palantir Technologies Inc. has a one-year high of $37.11, indicating potential for future price appreciation.

Palantir Technologies
Bear Case

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

The company's PE ratio of 303.33 is significantly higher than the industry average, suggesting that the stock may be overvalued based on its earnings.
Palantir Technologies Inc. has a beta of 2.72, indicating high volatility compared to the market, which may lead to increased risk for investors.
Despite revenue growth, the company's net margin of 16.32% is relatively low, which could impact profitability and shareholder returns.
Analysts have issued several sell ratings on Palantir Technologies Inc., reflecting concerns about the company's future performance and valuation.
Investors should consider the recent insider selling of company stock as a potential red flag, as it may signal lack of confidence in the company's long-term 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 -25.93% based on their 12-month stock forecasts.
: Over the previous 90 days, Palantir Technologies's stock had 2 downgrades and 1 upgrade by analysts.
: Palantir Technologies has been rated by research analysts at Bank of America, Citigroup, DA Davidson, Deutsche Bank Aktiengesellschaft, Jefferies Financial Group, Mizuho, 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 "business services" companies. The consensus rating for Palantir Technologies is Reduce while the average consensus rating for "business services" 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 9/29/2024 by MarketBeat.com Staff

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