Palantir Technologies Inc. (NASDAQ: PLTR) is one of the best performers of the NASDAQ in the recent years. Palantir’s stock price has added more the 80% since the start of the year, and as astonishing 450%+ over 12 months; continuing what has been a long-term rally.
Strong financial performance, strategic contract wins, and growing investor enthusiasm for its AI capabilities have all boosted sentiment.
Founded in 2003, the company built its reputation, and its early revenue on providing sophisticated data analytics and intelligence platforms to government agencies, particularly within the defense and intelligence communities.
YOUR CAPITAL IS AT RISK
Palantir Technologies Inc. Share Price Targets
Analysts have set a 12-month price target for Palantir Technologies Inc. with an average expectation of $101.32, ranging from a high of $40.00 to a low of $155.00.
The current consensus average target suggests a potential increase of 38.13% from the most recent trading price.
Our View: You would be wise to consider the views of the analyst community in conjunction with the fundamentals surrounding the company to properly determine a value for the stock that you feel is appropriate.
At the upper end of analysts estimates it would be easy to get carried away with the potential gains on show, but the flipside is that these targets can shift within the blink of an eye and that the view of analysts is very dynamic.
If you are considering swing trading, or day trading Palantir shares that is a separate consideration, but for those planning for the long haul, fundamental analysis is king.
Palantir Technologies Inc. – The Basics Driving The Business
Palantir has emerged as a fascinating and often polarizing force in the technology landscape. Over the years, Palantir has strategically expanded its reach, adapting its core technologies to serve commercial clients across diverse industries, including finance, healthcare, and manufacturing.
This pivot reflects a broader ambition to become the dominant operating system for the modern enterprise, enabling organizations to make data-driven decisions with unprecedented speed and precision.
Palantir’s core offerings revolve around two primary platforms: Gotham and Foundry. Gotham, initially designed for government clients, excels at integrating disparate datasets, identifying hidden patterns, and empowering users to make informed decisions in complex, high-stakes environments.
Foundry, on the other hand, is tailored for commercial applications. It provides a comprehensive suite of tools for data integration, analysis, and collaboration, enabling businesses to optimize operations, improve efficiency, and unlock new revenue streams. More recently, Palantir has aggressively pushed its Artificial Intelligence Platform (AIP), aiming to embed AI-driven decision-making across its entire product suite.
