What Are Wall Street Analysts' Target Price for Palantir Technologies Stock?

Valued at a market cap of $399.2 billion, Palantir Technologies Inc. (PLTR) is a software company that specializes in data integration, analytics, and artificial intelligence platforms. The Denver, Colorado-based company provides tools that help governments and enterprises manage, analyze, and derive insights from complex and large-scale datasets, supporting decision-making across diverse areas. 

This software company has significantly outpaced the broader market over the past 52 weeks. Shares of PLTR have soared 122.3% over this time frame, while the broader S&P 500 Index ($SPX) has gained 13.9%. However, on a YTD basis, the stock is down 5.7%, lagging behind SPX’s 1.5% uptick.