Data analytics firm Palantir Technologies (PLTR) continues to draw strong attention as demand for its AI platform grows across both government and commercial customers. Palantir shares surged 134% in 2025, making the stock one of the top performers in the S&P 500 (SPX) index. After such a sharp run, investors are now asking whether the rally can extend into 2026 or if the stock is due for a pullback. Analyst views remain sharply divided, with wide gaps between the most bullish and most bearish forecasts.
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On TipRanks, Palantir’s highest price target stands at $255, implying about 49% upside from current levels. At the other end, the lowest price target of $70 suggests nearly 59% downside risk. Below, we break down what’s driving the bull case and the bear case for Palantir stock in 2026.
The Bull Case for Palantir
Bank of America Securities’ top analyst Mariana Perez Mora reiterated her Buy rating and Street-high price target of $255 on Palantir. Mora sees no slowdown in revenue growth, driven by strong enterprise adoption and new government contracts. She highlighted Palantir’s ability to roll out working AI solutions quickly, helping teams make better decisions.
The analyst also pointed to Palantir’s $448 million, two-year U.S. Navy ShipOS contract, which uses Foundry and AIP to speed up submarine builds by spotting supply issues. She added that ongoing product updates should improve ease of use, security, and speed, without major increases in hardware costs.
The Bear Case for PLTR Stock
Top Jefferies analyst Brent Thill maintained a Sell rating on PLTR stock with a Street-low $70 price target. Thill remains cautious due to Palantir’s stretched valuation after the stock’s sharp rally in 2025. He noted that PLTR trades at a much higher multiple than most software peers, leaving little room for upside unless growth remains strong.
That valuation risk keeps the analyst cautious, even as the business continues to expand. Adding to the bearish view, Cathie Wood recently sold about $10 million worth of Palantir stock, unloading 58,741 shares.
What Is the Price Target for PLTR Stock?
On TipRanks, PLTR stock has a Hold consensus rating based on five Buys, 10 Holds, and two Sells assigned in the last three months. At $192.88, Palantir’s average stock price target implies an upside of 12.82% from the current level.
