Table of Contents
Quick Read
-
PLTR earns a BUY rating with a $161.53 price target, implying 25% upside from $129.30 at 90% model confidence.
-
Palantir’s Rule of 40 hit 145% and free cash flow surged 204% to $925 million in Q1 2026, fueling a $203 bull case.
-
PLTR trades at a trailing P/E of 145 and price-to-sales of 59, which Michael Burry labeled a sand castle built on AI narrative.
-
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Palantir didn’t make the cut. Grab the names FREE today.
Palantir Technologies (NASDAQ:PLTR) has become the poster child of the enterprise AI trade, and after a sharp first-half pullback, our proprietary model sees the setup skewing bullish again. Shares closed at $129.30 on July 2, and our 24/7 Wall St. price target for Palantir is $161.53 over the next 12 months, implying 24.93% upside. Our recommendation is buy, with a high confidence level of 90%.
24/7 Wall St. Price Target Summary
A Volatile Path Back to $129
Palantir has been one of the most whiplashed AI names of 2026. The stock is down 27.26% year to date after peaking at $207.52, yet it has rebounded 20.54% in the past week off the recent low of $106.37. The pullback came despite fundamentals that keep getting stronger.
In Q1 2026, reported May 4, PLTR delivered adjusted EPS of $0.33 against a $0.28 consensus, on revenue of $1.632 billion, up 84.7% year over year, the highest growth rate in company history. U.S. commercial revenue exploded 133% to $595 million, and management raised full-year revenue guidance to $7.65 to $7.66 billion.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Palantir didn’t make the cut. Grab the names FREE today.
The Case for $200+
Bulls have specific numbers to lean on. Palantir’s Rule of 40 score is 145%, a level CEO Alex Karp said is “matched only by other fellow AI infrastructure companies: NVIDIA, Micron and SK Hynix.” U.S. commercial remaining deal value hit $4.92 billion, up 112%, and PLTR closed 47 deals of $10 million or more in the quarter alone. Adjusted operating margin expanded to 60%, and free cash flow surged 204% to $924.6 million.
The Street’s consensus target of $183.12 with 20 Buy or Strong Buy ratings underscores this view. Our bull-case scenario puts PLTR at $203.24 within a year if AIP adoption keeps compounding.
What Could Go Wrong
The valuation is the risk. PLTR trades at a trailing P/E of 145 and a forward P/E of 89, with a price-to-sales of 59. Michael Burry’s June 3 critique labeling Palantir “A Sand Castle Supported Only By AI Applications Narrative” drove sustained bearish discussion.
