Rosenblatt Sees the Pullback in Palantir Stock (PLTR) as a Buying Opportunity, Here’s Why

Palantir Technologies (PLTR) stock has declined 23% year-to-date, despite the AI-powered data analytics company consistently delivering solid results. Macro uncertainty and valuation concerns have impacted investor sentiment. Nevertheless, Rosenblatt Securities analyst John McPeake reiterated a Buy rating on PLTR stock with a price target of $225 following a meeting with management and a major partner, FoxTrot.

The analyst noted a steeper year-to-date decline in PLTR shares than in the iShares Expanded Tech-Software Sector ETF (IGV), with the stock’s next-12-month P/E multiple falling to nearly 1x its growth rate (80x).

Rosenblatt Is Bullish on PLTR Stock

McPeake noted that following the company visit and partner call, he is more confident about his recently raised price target of $225 for PLTR stock and his long-term view that Palantir can join the $1 trillion market-cap club over a five-year period ($415 price target).

The analyst highlighted that PLTR’s Artificial Intelligence Platform (AIP)/Foundry offering is an arbiter and optimizer of multiple large language models (LLMs) and machine learning languages (MLs). He believes that it is unlikely that competitors will be able to successfully replicate Palantir’s AIP/Ontology/Foundry platform through assembled third-party solutions or a future AI-generated product within the foreseeable investment horizon.

Additionally, McPeake noted that the call with Chris Willis of FoxTrot, a key implementation of PLTR, indicates that the company’s momentum remains solid, with its business expected to at least triple in 2026.

Is PLTR a Good Stock to Buy?

Overall, Wall Street is cautiously optimistic on Palantir Technologies stock, with a Moderate Buy consensus rating based on 13 Buys, four Holds, and two Sells. The average PLTR stock price target of $188.31 indicates 37.3% upside potential.