What is the price prediction for Palantir stock in 2024? (2024)

What is the price prediction for Palantir stock in 2024?

Palantir Stock Price Forecast 2024-2025

How high will Palantir stock go?

Average Price Target

Based on 13 Wall Street analysts offering 12 month price targets for Palantir Technologies in the last 3 months. The average price target is $19.67 with a high forecast of $35.00 and a low forecast of $5.00. The average price target represents a -8.89% change from the last price of $21.59.

How much will Palantir be worth in 2025?

Palantir Technologies stock prediction for 1 year from now: $ 72.37 (223.18%) Palantir Technologies stock forecast for 2025: $ 31.38 (40.12%)

Is Palantir a good long-term investment?

I'm not suggesting that Palantir could be the next big tech opportunity. Rather, my thinking is that so long as the company operates from a position of strength in a growing market such as AI, holding Palantir stock over the long run could generate massive gains for disciplined investors.

What is the outlook for PLTR 2024?

Analysts tracking Palantir expect adjusted earnings per share to rise from $0.25 in 2023 to $0.33 in 2024. So, priced at 75x forward earnings, PLTR stock is quite expensive. Among Wall Street analysts, the average target price for Palantir stock is $20.67, which is lower than the current target price.

Where will Palantir be in 5 years?

Considering the points discussed above, it is not surprising to see that analysts expect Palantir to clock annualized earnings growth of 85% over the next five years. If that prediction is borne out, its earnings could rise from 2023's $0.25 per share to $5.42 per share after five years.

Is Palantir a strong buy?

Fair Value Estimate for Palantir

With its 2-star rating, we believe Palantir's stock is overvalued compared with our long-term fair value estimate of $16 per share, which implies a 2024 enterprise value/sales multiple of 12 times.

Does Palantir have a future?

Pioneering the future with AIP to capture the $225 billion market. Palantir is gearing up to make substantial strides in the rapidly growing AI market, which is projected to reach $225 billion by 2027. With its innovative AIP, the company is poised to boost its net margins and revenue significantly.

What is the 12 month stock forecast for Palantir?

Palantir Stock Forecast

The 15 analysts with 12-month price forecasts for Palantir stock have an average target of 16.77, with a low estimate of 5.00 and a high estimate of 35. The average target predicts a decrease of -18.08% from the current stock price of 20.47.

Will Palantir ever make money?

Last year marked Palantir's first profitable year ever, with profitability each quarter, and the company now predicts adjusted free cash flow of at least $800 million this year. Palantir also forecasts profitability for every quarter of this year and more than $2.6 billion in full-year revenue.

Is there hope for Palantir?

While Palantir stock isn't cheap, the company's burgeoning profitability and strong moat in government contracting make it look poised to continue outperforming the market over the next 10 years.

What are the cons of Palantir?

Palantir has a significant revenue concentration

The downside is that the software company is highly dependent on the public sector. While there's nothing wrong with generating high revenue from the government, it limits Palantir's ability to grow in the future.

Is Palantir undervalued?

Compared to the current market price of 22.52 USD, Palantir Technologies Inc is Overvalued by 71%.

What is the long term forecast for Palantir?

Palantir stock price stood at $21.64

According to the latest long-term forecast, Palantir price will hit $40 by the end of 2024 and then $45 by the middle of 2025. Palantir will rise to $55 within the year of 2026, $60 in 2027, $75 in 2028, $85 in 2029, $90 in 2030, $95 in 2031, $100 in 2032 and $110 in 2034.

Why did Palantir fall?

Palantir Stock Downgraded To Sell Amid 'Unprecedented Generative AI Hype Cycle' An analyst downgraded data analytics software maker Palantir Technologies (PLTR) on Thursday on views its valuation is inflated amid investor buzz over generative artificial intelligence. Palantir stock fell solidly.

Is Palantir stock going to grow?

Impressive potential share price gains

Considering the points discussed above, it is not surprising to see that analysts expect Palantir to clock annualized earnings growth of 85% over the next five years.

Why is Palantir stock price so low?

Palantir slipping as one analyst called the software company's valuation excessive and gave the company a sell rating. Brian White from Monnes, Crespi, Hardt downgrading the stock from neutral, setting a 12-month price target of $20, saying its meteoric rise on the AI boom is due for a reality check.

Who is buying PLTR stock?

Palantir (PLTR) co-founder Peter Thiel remains a significant shareholder of the company with ownership of 148.92 million shares. Vanguard is the largest shareholder of Palantir, with 193.80 million shares. Other significant shareholders of PLTR stock include Renaissance Technologies and BlackRock (BLK).

Can Palantir become a trillion dollar company?

Only six American companies boast a valuation of more than $1 trillion. To achieve a $1 trillion valuation by 2035, Palantir would need to grow 2,000% or 20x its current size. While that level of gain is unlikely, it is not impossible.

Why is Palantir a good buy?

Key Points. Palantir emerged as a major player in the artificial intelligence (AI) space last year. Investors cheered the company on, and shares were up 167% in 2023. However, the momentum is cooling down, which could make Palantir an attractive buy right now.

Why is Palantir worth so much?

Palantir's profit margin also improved, showing the company's dedication to maximizing its profitability while balancing growth. Palantir also gave guidance for a strong 2024, with full-year revenue expected to be about $2.66 billion, indicating 20% growth -- an acceleration over 2023's 17% growth.

Is Palantir a buy, sell, or hold?

Palantir stock has received a consensus rating of hold. The average rating score is and is based on 14 buy ratings, 25 hold ratings, and 19 sell ratings. What was the 52-week low for Palantir stock? The low in the last 52 weeks of Palantir stock was 7.29.

Who competes with Palantir?

What is the fair price of Palantir?

As of 2024-04-28, the Fair Value of Palantir Technologies Inc (PLTR) is 2.37 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 22.52 USD, the upside of Palantir Technologies Inc is -89.5%.

Does Palantir have a dividend?

Palantir Technologies (IT:1PLTR) does not pay a dividend.