Palantir Technologies Stock Forecast: Trending Bullish Among Analysts

Palantir Technologies (PLTR) stock has fallen 3.3% over the past week and 8.6% over the past month, but it is still up 31.4% over the last 12 months. Wall Street’s analysts are moderately bullish, forecasting upside over the next twelve months with an average price target of $194.06 versus the last close of $141.57.

Analyst John Mcpeake reiterated his Buy rating on PLTR on April 24, 2026, setting a price target of $200.00, which implies notable upside from current levels. His call fits within a broader Moderate Buy consensus that suggests investors still see strong potential in the stock despite recent volatility.

Mcpeake expects the momentum seen in Palantir’s strong fourth quarter of 2025 to continue into the first half of 2026, with the company likely to deliver strong results and guidance when it reports around May 4. He argues that, while many software names face market anxiety around AI, Palantir is one of the few actually seeing real growth powered by enterprise AI.

The analyst believes Palantir can beat its first-quarter revenue and adjusted EBIT guidance of roughly 74% and 123% year-over-year growth, respectively, and may even raise its full-year outlook of about 61% and 83%. His $200 target is based on 88 times his 2027 EPS forecast, or about 1.2 times his estimated forward growth rate, reflecting a premium for the company’s growth profile.

Mcpeake’s recent checks with former commercial and government representatives suggest near- to medium-term strength, with Palantir’s fast time-to-value showing no signs of slowing. This N-star analyst ranks 5702 out of 12155 on TipRanks, with a 57.69% success rate and an average return of 3.90% per rating, and investors tracking analyst performance can follow more ratings on TipRanks’ Top Wall Street Analysts page.

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