Palantir, a leading data analytics firm, is experiencing a surge in government contracts and stock prices. The company’s momentum has accelerated after reports that President Donald Trump tapped Palantir to organize personal data for several federal agencies, including the DHS and IRS.
Recent developments include a $795 million contract extension with the U.S. Army, which brings the total contract value to $1.3 billion. This deal involves launching an AI-powered Crime Detection Unit with Fannie Mae. Additionally, Palantir secured licenses for its Maven Smart System software, enhancing military operations with AI-driven analytics and decision-making tools.
As a result, PLTR stock has risen above the $100 mark, with a current price of $131.78, representing a 7% gain from the previous session. Year-to-date, Palantir has seen significant gains, rallying 75%.
Despite this optimism, Wall Street analysts are sending mixed signals. A consensus “Hold” rating from 18 analysts, with some setting high targets and others expressing caution, suggests that opinions on the stock’s future performance remain divided.
Analysts such as Wedbush’s Dan Ives have upgraded their targets to $140, citing Palantir’s strong positioning for future government AI spending. However, Citi’s Tyler Radke remains cautious, warning of potential margin pressures and high valuation risks.
With several analysts setting price targets ranging from $40 to $150, the average 12-month target stands at $100.13, representing a 24% downside from the current price.
Source: https://finbold.com/wall-street-sets-palantir-stock-price-for-next-12-months-3