AI-powered data analytics provider Palantir Technologies (PLTR) impressed investors with its market-beating second-quarter results. Revenue increased 93% year-over-year, with U.S. commercial revenue surging 149%. PLTR stock has surged over 40% since the company announced its Q2 2026 earnings. The stock is now essentially flat year-to-date. Analysts’ price targets for PLTR stock range from $80 to $255, with some concerned about the stock’s valuation. Overall, Wall Street’s average price target indicates 10.6% upside potential.
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Here’s What Analysts Expect from PLTR Stock
Following the impressive Q2 print, Bank of America analyst Mariana Perez Mora reiterated a Buy rating on Palantir stock with a Street-high price target of $255. The 5-star analyst said that PLTR’s solid Q2 performance reflects the company’s successful AI strategy, which aims to offer the right infrastructure to maximize its customers’ results.
Mora believes that Palantir’s competitive advantage lies in its deep customer relationships and its ability to price its solutions based on measurable outcomes and the value they create. Citing strength in PLTR’s U.S. commercial business, Mora raised her 2026 and out-year estimates.
Meanwhile, Morgan Stanley analyst Sanjit Singh reiterated a Hold rating on PLTR stock with a price target of $205. The 4-star analyst highlighted that the company’s revenue has accelerated every quarter for three years, with the possibility of further acceleration in the third quarter of 2026. For now, Singh thinks that the concerns about the impact of AI-native competition on Palantir seem overstated. The analyst expects the growing adoption of open-weight/open-standard models to serve as a catalyst for PLTR stock. However, Singh remains cautious on PLTR stock as he looks to “gain confidence on runway with existing customers.”
Is PLTR Stock a Buy, Sell, or Hold?
Overall, Palantir Technologies stock earns a Moderate Buy consensus rating based on 16 Buys, four Holds, and two Sells. The average PLTR stock price target of $197.89 indicates 10.6% upside potential from current levels.
Conclusion
While Palantir bulls, like Mora, see strong upside from current levels, certain analysts remain cautious due to valuation concerns. Also, some analysts, such as Singh, acknowledge the company’s solid execution but await more growth with existing clients. Overall, Wall Street’s average price target implies about 11% upside potential from current levels.