Much like various prominent technology stocks deeply involved in the current AI boom, Palantir (NYSE: PLTR) has seen a substantial rise since the start of 2024.
The PLTR shares have surged by an impressive 71.69% in the year-to-date (YTD) period, with a recent uptick of 13.81% in the last 30 days following a few months of stagnant trading. Palantir is currently valued at $28.47.
However, concerns arise about whether PLTR can maintain its strong performance, leading Finbold to explore the predictions made by industry experts about the company’s future.
Analysts’ Predictions for Palantir’s Price in 2025
Among analysts, there is a wide range of opinions regarding Palantir’s future, resulting in an overall ‘hold’ recommendation.
Out of the 13 analysts on the stock evaluation site TipRanks, 3 recommend buying PLTR shares, 4 suggest selling, and 6 remain neutral.
The projected valuations for 2025 also vary significantly. While the average estimate indicates a potential 19.67% decrease to $22.55, there is a notable disparity between the highest and lowest forecasts.
On June 5, RBC Capital analysts increased their 12-month price target for Palantir shares from $5 to $9, providing the lowest forecast while maintaining a ‘sell’ recommendation.
In contrast, on May 6, Wedbush predicted a significant market upturn for PLTR, giving it a ‘buy’ rating and foreseeing a rise to $35 by summer 2025.
Significant Revisions Reflect Confidence in Palantir’s Stock
The latest price target updates appear to align with Palantir’s own forecasts for its Q2 results, scheduled for release on August 5, indicating a positive outlook.
The company expects to report revenue of $651 million, signifying a 24% growth, and has adjusted its full-year guidance to a revenue range of $2.677 billion to $2.689 billion.
In light of these developments, Bank of America (NYSE: BAC) set a $28 target price for 2025 on June 28 while recommending a ‘buy’.
On the other hand, Citi (NYSE: C), after raising their projection from $23 to $25 in May, reiterated their ‘neutral’ rating on July 8.
Citi stated that more evidence of Palantir’s consistent growth and successful monetization of its AI ventures would be needed to justify a rating change.
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