Similar to numerous leading technology equities deeply engaged in the ongoing surge of artificial intelligence (AI), Palantir (NYSE: PLTR) has witnessed a significant surge since the commencement of 2024.
Indeed, PLTR stocks have soared by a remarkable 71.69% in the year-to-date (YTD) chart, with the last 30 days in particular experiencing a resurgence – showcasing a surge of 13.81% – following around 4 months of relatively flat trading. The current valuation of Palantir stands at $28.47.
However, like with most equities that have experienced exceptional growth, concerns exist about whether PLTR can uphold its robust performance, prompting Finbold to investigate what industry experts predict lies ahead for the company.
Industry Analysts estimate Palantir price for 2025
Within the analyst community, the uncertainty surrounding the future of Palantir stock is evident through a wide spectrum of opinions, ultimately resulting in an overall ‘hold’ recommendation.
Out of the 13 experts featured on the stock evaluation platform TipRanks, 3 endorse PLTR shares as a ‘purchase,’ 4 as a ‘sell,’ and 6 remain neutral.
A similar scenario unfolds concerning the projected valuations for 2025. While the average estimate suggests Palantir may drop by 19.67% to $22.55, there is a substantial disparity between the highest and lowest projections.
On June 5, analysts at RBC Capital raised their 12-month price projection for Palantir shares from $5 to $9 – thereby providing the current lowest forecast – while maintaining the ‘sell’ recommendation.
Contrarily, on May 6, Wedbush expressed the view that PLTR is poised for a substantial market upswing, giving the stock a ‘buy’ rating and forecasting a surge to $35 by the beginning of summer 2025.
Notable Adjustments Reflect Increased Confidence in Palantir stock
The most recent price target updates seem to align with Palantir’s own forecasts for its Q2 outcomes, slated for publication on August 5, and lean towards a positive outlook.
In fact, the company anticipates reporting revenue of $651 million – indicating a 24% growth – and also revised its full-year guidance to a projected revenue range of $2.677 billion to $2.689 billion.
Given these circumstances, it’s hardly surprising that Bank of America (NYSE: BAC) set a $28 target price for 2025 on June 28 while maintaining a ‘buy’ suggestion.
Conversely, Citi (NYSE: C), while lifting their projection from $23 to $25 in May, reaffirmed their ‘neutral’ rating on July 8.
According to the major bank, further evidence of Palantir’s sustained growth and ability to monetize its AI initiatives would be necessary to warrant a rating adjustment.
Invest in equities now through eToro – a reliable and advanced investment platform
Image Source: TY Lim / Shutterstock
