Palantir Technologies (PLTR) has surged to an all-time high, with the stock gaining nearly 5% in a single day. The company’s AI-driven government and commercial contracts continue to attract investor excitement, contributing to its year-to-date gain of around 97%.
Recent data suggests that Palantir is poised for further growth, driven by increasing government spending on artificial intelligence (AI). The U.S. Navy’s tech modernization program and Project Stargate, a national security-focused AI plan, are just two examples of the key federal initiatives Palantir is involved in. In Q1 2025, its U.S. government revenue grew 45% year-over-year.
Analysts remain bullish on PLTR stock, with Wedbush’s four-star-rated analyst Daniel Ives raising his price target to a Street-high $160 while maintaining a Buy rating. The new target suggests over 7% upside from current levels and reflects continued confidence in the company’s long-term AI potential.
Palantir’s low-code AI platform sets it apart from competitors, making it accessible to businesses of all technical backgrounds. As companies seek simple, powerful AI solutions, Palantir is well-positioned to lead the market and grow its share.
Despite a Hold consensus rating on Wall Street, analysts remain optimistic about PLTR stock’s potential. The average share price target is $106.71, implying a potential downside of 28.5% from current levels.
Source: https://www.tipranks.com/news/palantir-stock-pltr-hits-record-high-3-reasons-the-rally-isnt-over