Stock Price Prediction: Palantir at $113, The Forecast Says There's Room to Run

Key Points:

• Palantir’s stock has fallen sharply from a December peak of $183.25 to around $113.50, but 24/7 Wall St. sets a 12-month price target of $150.02, implying a 32.17% upside and rates the stock a buy with 90% confidence.
• Despite a 36.15% year-to-date decline, Palantir reported record Q1 2026 results with revenue up 84.7% year-over-year, adjusted EPS beating consensus by 18.07%, and raised full-year revenue guidance to $7.65-$7.66 billion.
• The bull case hinges on strong AI-driven commercial demand, with U.S. commercial remaining deal value up 112% and net dollar retention at 150%, while government contracts and analyst optimism support potential gains up to $197.98 per share.
• Bearish concerns include Palantir’s high valuation multiples (131x trailing earnings), insider selling activity, and cautious prediction markets, though even the bear-case target of $136.38 remains above current prices.
• Longer-term projections show Palantir could reach $251.33 by 2030 if it maintains revenue growth and margins, with risks tied to federal budget uncertainties and AI market valuation shifts.