Palantir (PLTR) Stock: Down 23% This Year, But One Analyst Sees 60% Upside

TLDR

• Palantir $PLTR rose 1.4% to $137.15 on Wednesday, touching an intraday high of $137.24
• Q1 revenue hit $1.63 billion, up 84.7% year-over-year, beating the $1.54 billion estimate
• EPS of $0.33 topped the $0.28 consensus estimate by $0.05
• Rosenblatt reiterated a Buy rating with a $225 price target, citing confidence after a management meeting
• PLTR is down 23% year-to-date, with valuation debate continuing across Wall Street

---

Palantir (PLTR) stock climbed 1.4% during mid-day trading on Wednesday, touching an intraday high of $137.24 before settling at $137.15. Volume came in at around 30.9 million, roughly 37% below the average session.

Palantir Technologies Inc., PLTR

The move comes despite a rough year for the stock. PLTR is down 23% year-to-date, even as the company continues to post strong results.

Last quarter, Palantir reported revenue of $1.63 billion, beating the $1.54 billion consensus estimate. EPS came in at $0.33, topping the $0.28 estimate by $0.05. Revenue was up 84.7% year-over-year.

The prior year’s EPS was $0.13, which underlines how quickly the business has scaled.

Analysts expect full-year EPS of $1.18 for the current fiscal year.

Rosenblatt Stays Bullish

Rosenblatt Securities analyst John McPeake reiterated a Buy rating on PLTR with a price target of $225 following a meeting with management and a key implementation partner, FoxTrot.

McPeake pointed out that the stock’s next-12-month P/E multiple has fallen to nearly 1x its growth rate — around 80x — which he sees as increasingly attractive given the business trajectory.

He also noted that FoxTrot’s business with Palantir is expected to at least triple in 2026, signaling strong demand for its AI platform in real-world deployments.

McPeake holds a long-term view that Palantir could reach a $1 trillion market cap over five years, which would imply a price target of roughly $415.

What the Street Thinks

Wall Street’s consensus sits at “Moderate Buy,” with 13 Buy ratings, four Holds, and two Sells. The average price target of $188.31 implies around 37% upside from current levels.

Wedbush has an “Outperform” rating and a $230 price target. Citigroup raised its target from $210 to $225 with a Buy rating. UBS lifted its target from $180 to $200.

Benchmark, however, initiated coverage with a Hold. Mizuho trimmed its target from $195 to $185, though kept an Outperform rating.

The stock carries a PE ratio of 154.10, a 50-day moving average of $143.83, and a 200-day moving average of $158.76.

The market cap currently stands at approximately $328.79 billion.

On the insider side, executives sold over 1 million shares worth around $137.6 million in the last three months. Insiders own about 9.53% of the company.

Institutional ownership stands at 45.65%. Vanguard holds over 215 million shares, the largest known institutional position.

Rosenblatt’s McPeake argued that Palantir’s AIP/Ontology/Foundry platform is difficult to replicate, and that assembled third-party solutions are unlikely to match it within any near-term investment horizon.