Palantir Technologies Stock Forecast: Trending With Top Analysts

Palantir Technologies (PLTR) stock has fallen 10.8% over the past week and 15.1% over the past month, but it is still up a striking 76.5% over the past 12 months. Despite the recent pullback, Wall Street’s analysts are leaning positive, with a “ModerateBuy” consensus and a 12‑month average price target of $189.27 versus a last closing price of $147.76. That target implies meaningful upside from current levels, suggesting that, in the eyes of several top analysts, the recent weakness could be more of a pause than a trend reversal.

Analyst William Power of Baird, who ranks 373 out of 11,984 analysts on TipRanks with a 56.49% success rate and an average return of 16.7% per rating, upgraded Palantir to Buy on February 3, 2026, setting a $200 price target. His move comes after Palantir reported a powerful Q4, its tenth straight quarter of accelerating total revenue growth, with revenue up 70% year over year to $1.407 billion and a robust 56.8% adjusted operating margin. Power highlights that U.S. commercial and U.S. government segments are driving the story, growing 137% and 66% year over year respectively, with total U.S. revenue up 93% and now representing 77% of the company’s total revenue.

Power’s key takeaway is that Palantir is emerging as one of the clearest winners in artificial intelligence, with an AI‑powered central operating system that connects data and applications for major Western institutions. He argues that exploding free cash flow (FCF) is changing the investment narrative: the stock is 24% off recent highs, yet his 2027 FCF forecast has jumped from $4 billion to almost $6 billion, with a $7–8 billion upside scenario. At roughly 50–60 times that upside FCF range for a business currently growing revenue more than 70% at scale, he now sees valuation as “palatable,” not the triple‑digit multiples that kept many investors on the sidelines. Strong Q1 and 2026 guidance—Q1 revenue growth of about 74% and 2026 revenue growth of 61% at the midpoint, plus adjusted FCF of $3.925–4.125 billion—reinforce his more bullish stance.

Another influential voice, analyst Mariana Perez Mora, reiterated her Buy rating on Palantir on February 3, 2026, with an even higher price objective of $255, maintaining a strongly bullish view. Perez Mora ranks 204 out of 11,984 analysts on TipRanks, with an impressive 71.30% success rate and an average return of 45.6% per rating. She sees Palantir’s execution in AI and data‑driven decision making as a “warning to peers” that merely branding as an AI company is not enough—results matter. She points to Palantir’s 2025 “rule of 40” score of 106% and an expected 118% in 2026 as evidence of exceptional growth and profitability, arguing that this performance cements the company’s position as a player likely to “survive and thrive” amid volatile sentiment toward AI names.

Perez Mora also emphasizes Palantir’s deepening ties with the U.S. government, noting 66% year‑over‑year growth in that segment and highlighting new contracts such as ShipOS as the start of a much larger opportunity. In her view, the Department of War’s push for speed, efficiency, and outcome‑based contracts favors Palantir’s model, including performance and cost‑savings‑based payment terms that appeal to defense contractors. She believes Palantir’s industry‑specific learnings and rapid innovation cycle widen its competitive moat over time. For 2026, she expects about $4.0 billion in adjusted FCF, with roughly $900 million in R&D spend, and she supports management’s choice to prioritize investing in talent, culture, and products over buybacks or dividends, arguing these intangibles will sustain growth and customer retention. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.