Summary:
- Palantir Technologies' stock surged by 4.6% following NATO's confirmation of their AI system acquisition.
- Analysts project a mixed outlook with an average price target of $90.85 for Palantir, indicating a potential downside.
- GuruFocus estimates a significant discrepancy between the current price and its fair value prediction.
Shares of Palantir Technologies (NYSE: PLTR) have experienced a notable increase of 4.6% after NATO confirmed the acquisition of its AI-driven military system, the Maven Smart System NATO. This development marks a critical milestone, as the system is set to be operational within 30 days. Bolstered by lucrative U.S. military contracts, Palantir has continued to thrive despite facing previous criticisms and market fluctuations, achieving a solid 22% stock advancement this year.
Wall Street Analysts Forecast
According to the latest analysis from 20 Wall Street analysts, Palantir Technologies Inc. (PLTR) holds an average one-year price target of $90.85. The projections include a high estimate of $125.00 and a low estimate of $40.00, with the average target suggesting a potential downside of 6.61% from the current trading price of $97.28. Investors can access more in-depth estimate data on the Palantir Technologies Inc (PLTR, Financial) Forecast page.
The company's average brokerage recommendation, sourced from 24 firms, stands at 2.9, which translates to a "Hold" status. The recommendation scale ranges from 1, indicating a "Strong Buy," to 5, signifying a "Sell."
According to GuruFocus estimates, Palantir Technologies Inc. (PLTR) is projected to have a GF Value of $26.74 over the next year. This forecast implies a substantial downside of 72.51% from the current price of $97.28. The GF Value represents GuruFocus' calculated fair value, determined through an analysis of historical trading multiples, past business growth, and future performance projections. For additional insights, please visit the Palantir Technologies Inc (PLTR, Financial) Summary page.
