- Palantir Technologies (PLTR, Financial) stock surged 5% after securing a NATO contract.
- Analysts provide a mixed outlook with an average price target of $90.60.
- GuruFocus estimates suggest a significant downside to the current price.
Palantir Technologies Inc. (NYSE: PLTR) experienced a notable 5% boost in its stock value, thanks to the successful conclusion of a pivotal contract with NATO's Communications and Information Agency. This agreement involves the integration of Palantir’s cutting-edge Maven Smart System across Allied Command Operations, a move designed to enhance battlefield decision-making through advanced artificial intelligence. The system is anticipated to be fully operational within a month.
Wall Street Analysts' Forecast
Wall Street analysts offer a diverse range of opinions on Palantir Technologies Inc. (PLTR, Financial). According to the one-year price targets from 20 experts, the average target price stands at $90.60, with projections ranging from a high of $125.00 to a low of $40.00. This implies a potential downside of 3.39% from the current trading price of $93.78. For further insights, investors can visit the Palantir Technologies Inc (PLTR) Forecast page.
Brokerage Recommendations
From the perspective of 24 brokerage firms, Palantir Technologies Inc. (PLTR, Financial) is currently rated as a "Hold" with an average recommendation score of 2.9. The rating scale operates between 1 (Strong Buy) and 5 (Sell), reflecting a balanced view among analysts.
GuruFocus Valuation Insights
In contrast to analyst forecasts, GuruFocus provides a more conservative estimate for Palantir Technologies Inc. (PLTR, Financial). The estimated GF Value for the stock is positioned at $26.71 for the upcoming year, indicating a significant downside of 71.52% from the present price of $93.78. GF Value represents GuruFocus' assessment of the fair market value, derived from historical trading multiples, previous business growth, and projected future performance. Detailed data can be accessed on the Palantir Technologies Inc (PLTR) Summary page.
