Palantir Trending With Analysts Amid Bold 2026 Supercycle

Palantir Technologies (PLTR) stock has had a volatile but rewarding run, falling about 1.5% over the past week and 2.3% over the past month, yet soaring an impressive 171.5% over the last 12 months. Despite this huge rally, Wall Street’s analysts currently sit on the fence with a “Hold” consensus, and the average 12‑month price target stands at $192.88 versus a last closing price of $178.96. That target implies moderate upside from current levels, suggesting that while the easy gains may be behind it, some analysts still see room for further appreciation.

Wall Street’s overall stance might be neutral, but one prominent voice has turned more optimistic. Analyst Tyler Radke of Citi Research, ranked 2,033 out of 11,984 analysts on TipRanks with a success rate of about 47.8% and an average return of 6.4% per rating, has upgraded Palantir to Buy/High Risk from Neutral/High Risk. On January 13, 2026, Radke set an ambitious price target of $235 per share, significantly above both the current price and the Street’s average target. His call positions Palantir as a high‑growth, high‑risk name that could continue to reward investors if current trends hold.

Radke’s bullish view centers on what he calls a “commercial + government supercycle” building into 2026. He notes that Palantir has already delivered “spectacular returns” driven by rapid revenue growth and strong margin expansion that have effectively “broken” traditional valuation frameworks. Even though his revenue estimates for 2025 and 2026 have risen more than 10% since mid‑year, the stock is roughly flat over that period, which he sees as an opportunity. He expects 2026 to bring another wave of positive estimate revisions as corporate AI budgets and use cases accelerate.

On the commercial side, Radke points to themes like enterprise AI and “agentic” expansion that play directly to Palantir’s strengths in data ontology and forward‑deployed engineering. The company’s reported adjusted Remaining Deal Value (RDV) grew more than 250% year‑over‑year in the third quarter, a metric he views as a proxy for expansion potential among corporate customers. Combined with early signs that AI is improving deployment efficiency, Radke sees a credible path to an upside scenario where Palantir’s total revenue could grow 70–80% in 2026.

The government business is another pillar of the bullish thesis. Radke’s base case assumes 51% year‑over‑year government revenue growth in 2026, about 800 basis points above consensus, with an upside scenario above 70% growth. He cites a ramping defense “supercycle,” rising defense budgets, modernization urgency among U.S. allies, and potential tailwinds after a 2025 government shutdown. While he notes that major defense initiatives such as “Golden Dome” could be catalysts during the year, he expects the largest financial impact to show up in 2027. For valuation, his $235 target implies a rich multiple—around 68x FY27 EV/Sales on his base case—but he argues this is in line with other high‑growth software names when adjusted for growth, supporting his Buy/High Risk rating. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.