Palantir Technologies Trending as Analysts Weigh Upside

(PLTR) stock has fallen 3.0% over the past week and 14.6% over the past month, though it is still up a striking 110.1% over the last 12 months. Despite this sharp run-up, Wall Street’s analysts currently sit at a Hold consensus, signaling a more cautious stance on the next leg of the rally. The average 12‑month price target across analysts stands at $193.76 versus a last closing price of $165.90, suggesting moderate upside from here, but not a one‑way bet.

Wall Street’s overall Hold rating contrasts with a notably bullish new voice. Analyst Paul Chew of Phillip Securities Research has initiated coverage on Palantir Technologies with a Buy rating and a price target of $208.00, above the current Street average and implying further upside from recent levels. Chew is a highly ranked analyst, placing 351 out of 11,984 experts, with a 68.54% success rate and an average return of 22.0% per rating, lending additional weight to his optimistic view.

Chew’s thesis centers on Palantir’s position as a leading US analytics software company that helps large organizations integrate and analyze massive datasets to improve decision‑making and operations. Founded in 2003 and headquartered in the United States, Palantir serves government agencies and commercial enterprises across a wide range of industries worldwide. According to the report, Palantir has captured only about 2.4% of an estimated $119 billion 2020 total addressable market, and with AI software growing at more than 25% annually, that market has likely expanded, supporting significant long‑term upside.

On the growth front, the analyst expects group revenue to rise 47% year over year to $4.2 billion in FY25e, with net profit nearly doubling (1.9x) over the same period. Commercial revenue is projected to grow 51%, outpacing government revenue growth of 43%, driven by increased AI adoption in enterprises and expansion well beyond defense into broader industry use cases. In the US, Palantir’s largest market at 66% of revenue, growth is forecast to accelerate 66% year over year in FY25e, supported by surging US commercial deal values—roughly doubling in 3Q25 on the back of AIP adoption and productivity gains from Palantir’s Ontology‑driven tools.

Chew also highlights Palantir’s solid financial footing and entrenched government relationships. Government revenue is expected to grow 43% in FY25e, led by the US with 76% of that segment, backed by major long‑term deals such as the US Army’s 10‑year $10 billion contract and the expansion of the Maven Smart System. The AIP platform is seen as a key upsell lever, adding AI capabilities to existing Gotham deployments and capturing rising US intelligence spending. Meanwhile, Palantir remains cash‑rich and debt‑free, with cash and equivalents forecast to reach $8.4 billion in FY25e—over 80% of total assets—and operating cash flow projected to grow about 80% year over year, lifting cash flow margins from roughly 40% to 50% while capital expenditures remain minimal. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.