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Palantir Technologies (PLTR) Stock Forecast & Price Target

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$21.27
-0.49 (-2.25%)
(As of 10:28 AM ET)
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Palantir Technologies Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Reduce
Based on 14 Analyst Ratings

Analysts' Consensus Price Target

$20.65
-2.90% Downside
High Forecast$35.00
Average Forecast$20.65
Low Forecast$7.50
TypeCurrent Forecast
5/21/23 to 5/20/24		1 Month Ago
4/21/23 to 4/20/24		3 Months Ago
2/20/23 to 2/20/24		1 Year Ago
5/21/22 to 5/21/23
Consensus Rating
Reduce
Reduce
Reduce
Reduce
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
1 Buy rating(s)
Hold
6 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
7 Hold rating(s)
Sell
5 Sell rating(s)
4 Sell rating(s)
4 Sell rating(s)
5 Sell rating(s)
Consensus Price Target$20.65$18.35$16.71$8.54
Predicted Upside-2.90% Downside-10.67% Downside-7.08% Downside10.44% Upside

PLTR Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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PLTR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Palantir Technologies Stock vs. The Competition

TypePalantir TechnologiesBusiness Services CompaniesS&P 500
Consensus Rating Score
1.86
2.62
2.49
Consensus RatingReduceModerate BuyHold
Predicted Upside-5.26% Downside136.86% Upside7.85% Upside
News Sentiment RatingPositive News
Neutral News
Positive News

Recent Analyst Ratings and Stock Forecasts

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DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/7/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$23.00 ➝ $25.00+15.79%
5/7/2024HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetHold ➝ Hold$22.00 ➝ $23.00+6.53%
5/7/2024William Blair
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingUnderperform
5/7/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetUnderperform ➝ Underperform$5.00 ➝ $9.00-58.08%
5/7/2024DA Davidson
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$19.00 ➝ $24.00+12.31%
5/7/2024Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetSell ➝ Sell$18.00 ➝ $20.00-20.70%
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5/6/2024Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform ➝ Outperform$35.00+50.02%
4/26/2024Monness Crespi & Hardt
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeSell ➝ Neutral
3/7/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$18.00 ➝ $21.00-19.66%
3/6/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$24.00 ➝ $28.00+5.14%
2/6/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$22.00 ➝ $25.00+49.52%
2/6/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeUnderperform ➝ Hold$13.00 ➝ $22.00+31.58%
8/31/2023Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeEqual Weight ➝ Underweight$8.00 ➝ $9.00-44.89%
8/8/2023Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetUnderperform ➝ Underperform$6.00 ➝ $7.50-53.45%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 10:47 AM ET.

PLTR Price Target - Frequently Asked Questions

What is Palantir Technologies's stock forecast and purchase recommendation?

According to the research reports of 14 Wall Street analysts in the last year, the average twelve-month stock price forecast for Palantir Technologies is $20.65 with a high forecast of $35.00 and a low forecast of $7.50. The consensus rating for Palantir Technologies stock is Reduce based on the current 5 sell ratings, 6 hold ratings and 3 buy ratings for PLTR. Learn more on PLTR's analyst rating history.

Do Wall Street analysts like Palantir Technologies more than its competitors?

Analysts like Palantir Technologies less than other Business Services companies. The consensus rating for Palantir Technologies is Reduce while the average consensus rating for "business services" companies is Moderate Buy. Learn more on how PLTR compares to other companies.

Is Palantir Technologies being upgraded or downgraded by Wall Street analysts?

Over the previous 90 days, Palantir Technologies's stock had 1 upgrade and 1 downgrade by analysts.

Does Palantir Technologies's stock price have much downside?

According to analysts, Palantir Technologies's stock has a predicted downside of -2.75% based on their 12-month stock forecasts.

What analysts cover Palantir Technologies?

Palantir Technologies has been rated by research analysts at Bank of America, Citigroup, DA Davidson, Deutsche Bank Aktiengesellschaft, HSBC, Mizuho, Monness Crespi & Hardt, Royal Bank of Canada, Wedbush, and William Blair in the past 90 days.


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This page (NYSE:PLTR) was last updated on 5/20/2024 by MarketBeat.com Staff

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