- Palantir Technologies Inc. partners with Elon Musk's Department of Government Efficiency for an innovative IRS project.
- Wall Street analysts set varied price targets for PLTR, highlighting potential market volatility.
- GuruFocus estimates suggest a significant downside, prompting a "Hold" recommendation from brokers.
Palantir Technologies Inc. (PLTR, Financial) is reportedly joining forces with Elon Musk's Department of Government Efficiency in an ambitious project for the IRS. This collaboration seeks to develop an all-encompassing API for IRS databases, aiming to streamline data access. Such an endeavor positions Palantir prominently in the realm of AI-driven efficiency solutions for government operations.
Wall Street Analysts' Forecast
According to projections by 20 analysts, the average one-year price target for Palantir Technologies Inc. (PLTR, Financial) stands at $90.05. This target ranges from a high of $125.00 to a low of $40.00. With the current stock price at $88.55, the average target reflects an implied upside of 1.69%. Investors seeking further details can explore more on the Palantir Technologies Inc (PLTR) Forecast page.
Brokerage consensus from 24 firms assigns Palantir Technologies Inc. (PLTR, Financial) an average recommendation of 2.9, essentially indicating a "Hold" status. This evaluation is based on a scale from 1 (Strong Buy) to 5 (Sell), providing investors with a snapshot of expected performance.
In terms of valuation, GuruFocus estimates Palantir's GF Value to be $26.74 in one year. This estimation suggests a potential downside of 69.8% from the current trading price of $88.55. The GF Value represents GuruFocus's fair value estimate, derived from the stock's historical trading multiples, its past business growth, and anticipated future performance. For a comprehensive analysis, visit the Palantir Technologies Inc (PLTR, Financial) Summary page.
