Key Takeaways:
- Palantir Technologies' stock surged 6% following a significant contract announcement with NATO.
- Wedbush maintains an Outperform rating with a price target of $120, highlighting strategic growth in AI.
- Current analyst consensus rates Palantir as a "Hold" with a potential downside suggested by GF Value estimates.
Palantir Technologies (NYSE: PLTR) achieved a notable 6% increase in its stock price after revealing NATO's acquisition of its AI-powered Maven Smart System. Wedbush continues to assign an Outperform rating to the company, with a price target of $120. This underscores Palantir's strategic positioning in the burgeoning federal AI sector across North America and Europe.
Wall Street Analysts Forecast
According to one-year price targets from 20 analysts, the average price target for Palantir Technologies Inc (PLTR, Financial) is $90.05. Analysts project a high estimate of $125.00 and a low estimate of $40.00. This average target represents a potential downside of 2.58% from the current price of $92.43. For more detailed estimates, please visit the Palantir Technologies Inc (PLTR) Forecast page.
The consensus from 24 brokerage firms places Palantir Technologies Inc's (PLTR, Financial) average brokerage recommendation at 2.9, which signifies a "Hold" position. The rating scale spans from 1 to 5, with 1 reflecting a Strong Buy and 5 indicating a Sell.
As per GuruFocus estimates, the projected GF Value for Palantir Technologies Inc (PLTR, Financial) over the next year is $26.74. This suggests a potential downside of 71.07% from the current price of $92.428. The GF Value is GuruFocus's approximation of the stock's fair trading value, calculated based on historical trading multiples, past business growth, and future business performance projections. Further details can be accessed on the Palantir Technologies Inc (PLTR) Summary page.
