Palantir Technologies (PLTR) stock has plummeted 20% in just 24 hours due to CEO Alex Karp’s plan to sell $1.23 billion worth of shares, as well as reports that the US defense budget may be cut by up to 40% over the next five years. Despite this, top analyst Mark Schappel at Loop Capital sees an opportunity for investors to buy in. Schappel initiated coverage of PLTR stock with a Buy rating and $141 price target, implying 40% upside from current levels.
Schappel believes Palantir remains a leader in the fast-emerging artificial intelligence software market and urges investors to take advantage of the current pullbacks. However, he acknowledges that the stock is expensive, trading at 530 times future earnings estimates. The analyst notes that investors should “hold your nose on valuation” and focus on getting involved.
Palantir shares have seen significant gains in recent years, increasing 30% in 2025 and 333% over the last 12 months. However, the stock still carries a consensus Hold rating among Wall Street analysts, with an average price target of $91.88 implying 7.49% downside risk from current levels.
Source: https://www.tipranks.com/news/buy-the-dip-in-palantir-pltr-stock-says-loop-capital