Palantir Technologies’ (PLTR) stock has risen 3.4% over the past week, slipped 1.3% in the last month, and gained 18.0% over the past year. Wall Street’s analysts are moderately bullish, forecasting upside from a 12‑month average price target of $184.63 versus the last close of $146.03.
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Analyst Mariana Perez Mora of Bank of America reiterated a Buy rating on PLTR on May 5, 2026, with a notably higher price objective of $255.00, implying substantial upside from current levels and backing the broader ModerateBuy consensus.
Perez Mora describes Palantir’s latest quarter as a “step‑function print,” highlighting a Rule of 40 score of 145% and total revenue up 85% year over year to $1.632 billion. The company also generated more cash in the first quarter than it used to produce in an entire year before 2024, underscoring improving profitability.
The analyst argues that the market is shifting from “AI curiosity to AI consequence,” and sees Palantir as a leader in this transition rather than a participant in a race to the bottom. While investors worry about competition from frontier AI labs like OpenAI, Anthropic, and Meta, she believes Palantir’s AIP, Ontology, Foundry, and Apollo platforms turn generic AI models into governed, repeatable, real‑world outcomes.
On the government side, U.S. revenue climbed 84% year over year to $687 million, with strong usage trends in the Maven Smart System and further upside expected from ShipOS and TITAN as they move deeper into production and funding cycles. Perez Mora, who ranks 361 out of 12,173 analysts on TipRanks with a 61.11% success rate and 37.10% average return per rating, is raising her 2026 and out‑year estimates, and investors can track more ratings on TipRanks’ Top Wall Street Analysts page.