Palantir Stock (PLTR) Hits a New All-Time High, But Can It Keep Going?

Palantir Technologies (PLTR) closed at a new all-time high of $136.39 on Wednesday, reflecting growing investor enthusiasm. The stock has now surged 74.6% year-to-date, driven by excitement around artificial intelligence, strong partnerships, and a series of upbeat earnings reports. Adding to the momentum, Mizuho Securities Top analyst Gregg Moskowitz raised his price target on Palantir from $94 to $116, citing the firm’s solid recent execution. However, this new target still reflects a 15% downside from current levels. Also, Moskowitz reiterated an Underperform rating, pointing to limited upside due to Palantir’s rich valuation. His view is echoed by many on Wall Street, where analysts remain cautious despite the company’s strong performance.

Alongside analysts, hedge funds have also been trimming their positions. In the last quarter, hedge funds decreased their Palantir holdings by 2 million shares. Based on the data of TipRanks Hedge Fund Trading Activity tool, PLTR currently has a Very Negative Hedge Fund Confidence Signal. Adding to it, Cathie Wood’s ARK Invest has also been reducing its stake in PLTR. Just yesterday, ARK Invest offloaded 55,829 shares of Palantir Technologies.

Moskowitz’s Views About Palantir

Moskowitz remains impressed with Palantir’s execution. The analyst highlighted the company’s strong Q1 results, which showed continued growth in both commercial and government segments.

In Q1 2025, revenue jumped 39% year-over-year to reach $883.85 million, beating estimates by nearly $22 million. Commercial sales in the U.S. rose by 71%, while government revenue increased by 45%. The company also reported adjusted EPS of $0.13, matching analyst forecasts. More importantly, Palantir raised its full-year revenue guidance to as high as $3.9 billion, well ahead of both its earlier forecast and market expectations.

While the numbers remain impressive, Moskowitz believes much of the good news is already priced in. He noted that Palantir’s stock trades at about 6x the valuation of the average enterprise software peer, leaving little room for near-term gains, even if long-term growth stays strong.

Is PLTR a Good Stock to Buy?

Turning to Wall Street, analysts have a Hold consensus rating on Palantir Technologies stock based on three Buys, eleven Holds, and four Sells assigned in the past three months, as indicated by the graphic below. The average PLTR stock price target is $102.44, implying downside potential of 24.89%.

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