Palantir Technologies (PLTR) Stock Forecast & Price Target

$21.64
+0.67 (+3.20%)
(As of 04/23/2024 ET)

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 12 Analyst Ratings

Analysts' Consensus Price Target

$18.35
-15.20% Downside
High Forecast$35.00
Average Forecast$18.35
Low Forecast$5.00
TypeCurrent Forecast
4/24/23 to 4/23/24
1 Month Ago
3/25/23 to 3/24/24
3 Months Ago
1/24/23 to 1/24/24
1 Year Ago
4/24/22 to 4/24/23
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
5 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
7 Hold rating(s)
Sell
4 Sell rating(s)
4 Sell rating(s)
6 Sell rating(s)
5 Sell rating(s)
Consensus Price Target$18.35$18.21$13.18$8.25
Predicted Upside-15.20% Downside-9.83% Downside-15.74% Downside7.76% Upside
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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
1.92
2.63
2.49
Consensus RatingReduceModerate BuyHold
Predicted Upside-15.20% Downside205.11% Upside10.13% Upside
News Sentiment RatingPositive News
Neutral News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
3/28/2024Monness Crespi & Hardt
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 DowngradeNeutral ➝ Sell$20.00-18.37%
3/8/2024Wedbush
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 Reiterated RatingOutperform$30.00 ➝ $35.00+30.79%
3/7/2024Mizuho
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 Boost TargetNeutral ➝ Neutral$18.00 ➝ $21.00-19.66%
3/6/2024Bank of America
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 Boost TargetBuy ➝ Buy$24.00 ➝ $28.00+5.14%
2/14/2024HSBC
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 DowngradeBuy ➝ Hold$22.00-8.41%
2/6/2024Royal Bank of Canada
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 Reiterated RatingUnderperform ➝ Underperform$5.00-76.09%
2/6/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$22.00 ➝ $25.00+49.52%
2/6/2024Jefferies Financial Group
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 UpgradeUnderperform ➝ Hold$13.00 ➝ $22.00+31.58%
2/6/2024Citigroup
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 UpgradeSell ➝ Neutral$10.00 ➝ $20.00+19.62%
8/31/2023Morgan Stanley
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 DowngradeEqual Weight ➝ Underweight$8.00 ➝ $9.00-44.89%
8/8/2023Deutsche Bank Aktiengesellschaft
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 Boost Target$7.00 ➝ $9.00-46.33%
8/8/2023DA Davidson
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 Boost TargetNeutral ➝ Neutral$8.50 ➝ $15.00-10.55%
8/8/2023Wolfe Research
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 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 Tuesday at 11:59 PM ET.

PLTR Price Target - Frequently Asked Questions

What is Palantir Technologies's consensus rating and price target?

According to the issued ratings of 12 analysts in the last year, the consensus rating for Palantir Technologies stock is Reduce based on the current 4 sell ratings, 5 hold ratings and 3 buy ratings for PLTR. The average twelve-month price prediction for Palantir Technologies is $18.35 with a high price target of $35.00 and a low price target of $5.00. 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 2 upgrades and 2 downgrades by analysts.

Does Palantir Technologies's stock price have much downside?

According to analysts, Palantir Technologies's stock has a predicted downside of -10.67% based on their 12-month stock forecasts.

What analysts cover Palantir Technologies?

Palantir Technologies has been rated by Bank of America, Citigroup, HSBC, Jefferies Financial Group, Mizuho, Monness Crespi & Hardt, Raymond James, Royal Bank of Canada, and Wedbush in the past 90 days.


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This page (NYSE:PLTR) was last updated on 4/23/2024 by MarketBeat.com Staff

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