Palantir Technologies (PLTR) recently reached a new 52-week high as investor enthusiasm soared after the company’s blowout Q2 results. Year-to-date, PLTR stock has gained over 135%, reaching over $180 in pre-market trading on Thursday. After such a sharp rally, the billion-dollar question is whether PLTR stock is still a Buy.
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Overall, Wall Street analysts maintain a Hold rating on PLTR stock. Meanwhile, the upside potential appears limited after a massive 580% surge over the past 12 months.
Palantir’s Q2 Recap
Palantir’s revenue surged to a record $1 billion in Q2 2025, outpacing analyst expectations of $940 million and marking a 48% year-over-year increase. At the same time, earnings per share also topped forecasts, coming in at $0.16 versus the expected $0.14.
The company also raised its full-year 2025 revenue guidance to a range of $4.142 billion to $4.150 billion, up from its previous outlook of $3.89 billion to $3.90 billion.
Is PLTR Stock Still a Buy?
Following the results, Wall Street analysts have become more bullish on PLTR stock, with several raising their price targets. However, the company’s sky-high valuation remains a concern for many.
Among several analysts, Sanjit Singh of Morgan Stanley raised his price target on Palantir to $155 from $88, highlighting strong margin improvements and calling the company a “clear AI winner.” Similarly, Bank of America’s top-rated analyst Mariana Perez Mora increased her target to $180 from $150 due to stronger growth and improved profitability. Meanwhile, Deutsche Bank’s top-rated analyst Brad Zelnick upgraded Palantir from Sell to Hold and doubled its price target from $80 to $160.
While some analysts worry about Palantir’s high valuation, Wedbush’s five-star-rated analyst Dan Ives isn’t concerned. He says focusing too much on valuation has made investors miss out on big tech winners in the past. With strong growth and improving margins, he still sees upside in Palantir and calls it one of his “top tech picks for 2025.” Following Q2 results, Ives reiterated his Buy rating and $160 price target.
To sum it up, selling Palantir stock now could help investors secure strong profits and limit downside risk in case of a tech or market correction. However, holding the stock allows participation in further growth as analyst sentiment remains positive.
What Is the Target Price for Palantir?
Turning to Wall Street, analysts have a Hold consensus rating on PLTR stock, based on four Buys, 11 Holds, and two Sells assigned in the last three months. The average Palantir share price target is $152.5, which implies a potential downside of 15% from current levels.
