Shares of Palantir Technologies Inc. (NASDAQ: PLTR) went down by 0.53% on Monday morning. Traders took some money after the stock jumped 13.66% in the last five days. This year, PLTR is up nearly 14%. This is better than many other Nasdaq stocks that have fallen since mid-February.
Price Target and Sales Forecast
An analyst named Mark Schappel from Loop Capital recently changed his price target for Palantir. He lowered it from $141 to $125. Even with this change, his rating is still a “buy.” The company is strong. It expects sales in 2025 to be between $3.74 billion and $3.76 billion. This is higher than the average estimate of $3.52 billion.
- How to Invest in Penny Stocks USA Best Tips by Experts for Beginners
- Dell Stock News and Analysis Today: What Experts Say?
- Rocket Lab Stock Price Analysis Today A Look at Record Sales and Future Hopes
Big Data and Market Growth
Big Data will be very important in the years ahead. Edge Delta, a platform provider, says that the data services market will grow from $220.2 billion in 2023 to $401.2 billion by 2028. That is an 82.2% increase. Palantir is one of the big players in this market. The company was started by Peter Thiel, a famous entrepreneur and venture capitalist. He also co-founded PayPal and was the first outside investor in Facebook.
A Look at Palantir’s History
Since going public on September 30, 2020, Palantir’s stock price has gone up by 867.71%. The company is one of the leaders in Big Data. However, it is not easy to tell where the stock will go in the medium and long term. Most Wall Street analysts only give one-year price targets. For investors who want to hold the stock for many years, using an analytical based Palantir stock prediction can help them see what may happen in the future.
Key Points in This Article
- Growth Drivers: Palantir has four main platforms: AIP, Foundry, Gotham, and Apollo.
- Government Demand: The company’s AI tools are very popular with the federal government.
- Space Partnerships: Palantir has two major deals with space companies to use its AI for new space technology.
- Extra Tip: If you are looking for an early AI stock, you can get a free copy of the “The Next NVIDIA” report. It talks about a software stock that might grow very fast.
Palantir Technologies Inc. Class A Common Stock
- Exchange: NYSE: PLTR
- Current Price: $83.89
- 6-Month High: $105.29 (a gain of 125.51%)
- Previous Close: $87.35
- Market Cap: $204.87 billion
- Day’s Range: $81.80 – $86.17
- 52-Week Range: $20.33 – $125.41
- Volume: 93.24 million shares
- P/E Ratio: 459.74
- Gross Margin: 16.10%
- Dividend Yield: N/A
Palantir’s Results After Four Years
The table below shows Palantir’s share price, revenue, and net income from when it started in 2020 until the second quarter of 2024:
| Year | Share Price | Revenue* | Net Income* |
|---|---|---|---|
| 2020 | $23.55 | 1.092 | 1.166 |
| 2021 | $18.21 | 1.541 | 0.520 |
| 2022 | $6.29 | 1.905 | 0.373 |
| 2023 | $17.17 | 2.225 | 0.209 |
| 2024 | $77.18 | 2.87 | 0.477 |
*Revenue and net income are in billions of dollars.
Since going public, Palantir’s revenue grew very fast. The net income fell at first but then went up a bit from 2023 to 2024. This drop in net income happened because the company raised $2.6 billion at its IPO in 2020. Then came a long bear market in 2022. By 2023, Palantir made a profit for the first time in its 20-year history.
The company has kept its momentum. In early February, its Q4 2024 report showed it beat its earnings per share (EPS) target for the sixth time in a row and the eighth time in nine quarters.
Key Drivers of Palantir’s Stock Performance
Palantir continues to perform well. Its strong tools and platforms help it stand out in the market. The company’s platforms and partnerships drive its growth. These factors help investors feel confident about the stock.
Expansion into AI and Machine Learning
Palantir offers four main platforms to help companies with data:
- AIP: Helps add AI to a company’s work.
- Foundry: Acts like an operating system that helps businesses make good decisions.
- Gotham: Works on a global scale and is used in defense and combat.
- Apollo: Helps put machine-learning models into action.
Palantir is also working on selling these services to smaller companies. This plan will help the company grow its customer base and boost earnings for many years.
Government Demand
Palantir makes more money from government work than from commercial sales. Every year since 2020, government revenue has been higher. In 2023, government contracts brought in $1.222 billion, while commercial sales brought in $1.002 billion. The company works with the United States Intelligence Community and the Department of Defense (DoD). Palantir’s software is one of only five approved for the DoD’s Mission Critical National Security Systems. The U.S. government is its largest customer. With defense spending growing, government demand will remain important.
Space Partnerships
On June 27, 2024, Palantir signed a deal with Voyager Space. This deal will use Palantir’s AI to improve space technology. Voyager will use Palantir’s Foundry platform to help with defense, communications, and research in space. This is the second big space deal for Palantir. On June 20, 2024, the company also signed a deal with Starlab Space. In that deal, Palantir became the only supplier of software for the Starlab commercial space station, a joint project with Airbus that is planned to launch by 2028.
Palantir Stock Prediction for 2025
According to 247 Wall Street, the current average one-year price target for Palantir is $94.27. This means the stock may go up by about 11.14% from today’s price. Out of 18 analysts, 10 say “Hold,” 4 say “Buy,” and 4 say “Sell.”
Another forecast by 24/7 Wall Street predicts that in 12 months, the stock will reach $120 with an EPS of $0.43. They see strong annual growth in government contract sales at about 26%. They also expect forecast revenue of $3.186 billion.
Palantir Stock Forecast Through 2030
The table below shows forecasts for revenue, net income, and EPS up to 2030:
| Year | Revenue* | Net Income* | EPS |
|---|---|---|---|
| 2025 | $3.467 | $1.178 | $0.47 |
| 2026 | $4.198 | $1.465 | $0.56 |
| 2027 | $5.203 | $1.686 | $0.71 |
| 2028 | $6.185 | $2.050 | $0.87 |
| 2029 | $7.300 | $2.496 | $1.06 |
| 2030 | $8.482 | $2.990 | $1.27 |
*Revenue and net income are in billions of dollars.
Palantir’s Price Targets for 2030
With forecast revenue of more than $8 billion, experts expect Palantir’s net income to go over $2 billion. They also expect the EPS to be $1.27. Free cash flow is expected to be nearly $6 billion, with a forecast of $5.895 billion. The price projection for 2030 is $125. This is an 80.53% increase from today’s price.
| Year | Price Target | % Change From Current Price |
|---|---|---|
| 2025 | $120 | 41.48% |
| 2026 | $135 | 59.16% |
| 2027 | $157 | 85.10% |
| 2028 | $163 | 92.17% |
| 2029 | $178 | 109.86% |
| 2030 | $192 | 126.36% |
A Great Cash Back Card
After 20 years of checking out financial products, I have not seen a cash back card as good as this one. Credit card companies are in a fierce battle. They give out free rewards and benefits to win customers. A good cash back card can give you thousands of dollars each year in free money. It can also come with other perks like travel, insurance, and fancy lounge access.