Are Wall Street Analysts Predicting Palantir Technologies Stock Will Climb or Sink?

Denver, Colorado-based Palantir Technologies Inc. (PLTR) builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations. It provides software platforms that offer identification of hidden patterns, deployment of software in different environments, and more. With a market cap of $97.8 billion, Palantir's operations span North America, the U.K., and internationally.

Palantir has substantially outperformed the broader market over the past year. PLTR stock prices have soared 142.1% on a YTD basis and skyrocketed 182.9% over the past 52 weeks, outpacing the S&P 500 Index’s ($SPX) 19.6% gains in 2024 and 36.9% returns over the past year.