If you missed the boat on Palantir (NASDAQ:PLTR) stock's incredibly multi-bagger surge over the past year and aren't remotely interested in chasing the stock, especially as some insiders offload their shares for a huge profit, you've come to the right place.
Palantir (NASDAQ: PLTR) and Snowflake (NYSE: SNOW) are both high-growth data software players. The two companies went public around the same time in late 2020.
Wedbush raised its 12-month price target on Palantir Technologies Inc (NYSE:PLTR) to $160 from $140 on Thursday, citing accelerating demand for the company's artificial intelligence software across commercial and government sectors, and positioning it as a frontrunner in what it called a “trillion-dollar AI spend” wave. Calling Palantir the “Messi of AI,” Wedbush analyst Dan Ives reiterated an “Outperform” rating on the stock.
The company stands to benefit from growing commercial and federal demand for its artificial intelligence platform, Wedbush analysts say.
Palantir Technologies Inc. NASDAQ: PLTR continues to deliver market-beating performance. PLTR stock is up more than 83% year-to-date, and there are several reasons for investor enthusiasm.
Palantir's (NASDAQ: PLTR) run appears unstoppable at the moment, with the software giant now targeting a high of $150.
Palantir projects Q2 revenue of $934–$938 million, translating to a sturdy 38% year-over-year growth, defying broader market jitters. Its U.S. commercial arm surged 71% last quarter, pushing the segment's annual run rate over the $1 billion threshold for the first time. Adjusted operating income guidance for Q2 sits at $401–$405 million, a striking 60% increase compared to the same period last year.
The stock market weathered quite a few storms during the first half of 2025. From the emergence of Chinese artificial intelligence (AI) start-up DeepSeek, President Donald Trump's new tariff policies, ambiguity over the Federal Reserve's policy decisions, and some economists calling for a recession, the common theme in the stock market during the first six months of the year boiled down to one thing: uncertainty.
Palantir Technologies (PLTR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Palantir Technologies (PLTR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Palantir's deepening government contracts and AI-driven defense solutions position it as a critical player amid rising geopolitical tensions and national security needs. Despite a premium valuation, Palantir's robust fundamentals—organic growth, debt-free balance sheet, and expanding margins—justify a long-term bullish outlook. The recent technical pullback creates a tactical entry point, with no fundamental weakness, enhancing risk/reward for long-term investors.
Palantir Technologies Inc. PLTR has soared 75% year to date, far outpacing the broader industry's 15% average gain and the Zacks S&P 500 composite's modest 5% advance. The question now facing investors: Does PLTR still offer an attractive entry point, or is it smarter to wait for a pullback?