Predicition: Palantir Defies Doubters. Here’s Our New Price Target

Few stocks successful this marketplace person been arsenic polarizing arsenic Palantir (NASDAQ:PLTR). Bears person called it overvalued astatine each turn, yet the institution keeps delivering. After 8 consecutive net beats and a 10-point full-year guidance raise, we are updating our view.

Our 24/7 Wall St. terms people for Palantir is $163.30, implying 23.36% upside from $132.38. We complaint shares a buy.

24/7 Wall St. Price Target Summary

A Sell-Off That Runs Against the Fundamentals

Palantir shares are down 25.52% twelvemonth to day and 14.03% implicit the past year, trading 12% beneath the 52-week precocious of $207.52.

This drawdown occurred against a Q1 2026 study that was extraordinary. Revenue deed $1.633 billion, up 84.7% year-over-year, U.S. commercialized jumped 133%, and adjusted EPS of $0.33 bushed statement by 18.07%, the eighth consecutive beat.

Management raised full-year 2026 gross guidance to $7.65 to $7.662 billion, a 10-point acceleration successful growth. Free currency travel of $924.63 cardinal present exceeds the full Q1 2025 gross line. Rackspace expanded its AI infrastructure concern with Palantir successful mid-July, validating the endeavor AIP narrative.

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Why Bulls See a Breakout Above $200

The bull lawsuit rests connected request outrunning supply. CEO Alex Karp said connected the Q1 call, "Our biggest occupation presently successful the U.S. is that we conscionable cannot conscionable demand." Net dollar retention deed 150%, remaining woody worth reached $11.8 billion, and the Rule of 40 people landed astatine 145%.

Wall Street statement people sits astatine $183.12 with 20 Buy ratings against 2 Sells. Our bull script models $203.91 wrong a twelvemonth if AIP adoption compounds.

The Risks Worth Watching

The carnivore lawsuit begins with valuation. Palantir trades astatine a 148x trailing P/E and 90x guardant earnings, multiples that permission nary country for a stumble. Director Alexander Moore sold implicit $2.1 cardinal successful banal connected July 15, 2026, with a planned merchantability of 48,000 further shares. Competitors similar BigBear.ai presumption model-agnostic platforms arsenic a flexibility alternative.