Palantir Stock Offers ‘One of a Kind Growth.’ Should You Buy PLTR Here?
Wajeeh Khan - Barchart - 51 minutes ago Columnist
/A%20Palantir%20office%20building%20in%20Tokyo_%20Image%20by%20Hiroshi-Mori-Stock%20via%20Shutterstock_.jpg)
A Palantir office building in Tokyo_ Image by Hiroshi-Mori-Stock via Shutterstock_
Palantir (PLTR) shares are extending gains today after a Piper Sandler analyst initiated coverage of the big data analytics firm with an “Overweight” rating.
In his research note, Brent Bracelin announced a $170 price target on PLTR, indicating potential upside of another 8% from here.
See Also: ??Create Your Own Paycheck: 5.80% Guaranteed Fixed Annual Returns
More Top Stocks Daily: Go behind Wall Street’s hottest headlines with Barchart’s Active Investor newsletter.
Bracelin’s bullish call is significant given Palantir stock is already up some 150% versus its year-to-date low set in mid-January.
 www.barchart.comPiper Sandler Downplays Valuation Concerns in Palantir StockBrent Bracelin agreed that a forward price-earnings (P/E) multiple of more than 400x on PLTR shares makes them a “high-risk” investment.
But investors should own them, nonetheless, since they offer a “one-of-a-kind growth plus margin model that if proven durable could grow into a $24 billion run-rate by 2032,” his reported added.
The Piper Sandler analyst dubbed Palantir stock’s explosive rally over the past three months a “rise of the phoenix moment,” emphasizing that valuation alone shouldn’t define this AI “all-star.”
PLTR Shares Could Extend Gains After Q2 Earnings on August 4On Friday, the investment firm also dubbed Palantir shares a “secular winner” within the artificial intelligence space.
According to Brent Bracelin, the Nasdaq-listed firm will push further to the upside as it continues to gain share “across two $1-plus trillion total addressable markets.”
Piper Sandler’s bullish note arrives only a week before PLTR is scheduled to report its earnings for the second quarter. Consensus is for the company to earn $0.08 on a per-share basis, more than 150% higher than the $0.03 a share it earned in the same quarter last year.
If the Denver-headquartered firm beats these estimates, it could validate Piper Sandler’s positive view and trigger another leg up in PLTR stock.
Wall Street Recommendation: Pull Out of Palantir NowInvestors should note, however, that other Wall Street firms recommend pulling out of PLTR shares following their meteoric rally since early April.
The consensus rating on Palantir stock currently sits at “Hold” only with the mean target of about $107 indicating potential downside of more than 30% from current levels.
 www.barchart.com
On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More News from Barchart
Related Symbols
SymbolLastChg%Chg| PLTR | 159.05 | +4.19 | +2.71% | | Palantir Technologies Inc Cl A |
 Don’t Miss a Minute of Daily Action
Our exclusive midday newsletter highlights top stories, big movers, and breakout charts.
By clicking Sign Up Now to receive this free newsletter, you will also receive free Barchart Partner emails. Opt-out any time. See Terms of Service and Privacy Policy for details.
Most Popular News
/Unitedhealth%20Group%20Inc%20%20phone%20and%20site-by%20T_Schneider%20via%20Shutterstock.jpg) 1
UnitedHealth Stock Spirals Lower Again. Don’t Buy the Dip.
 2
Tesla Stock Is Slipping Despite Musk’s Bold Promises. Should You Buy TSLA Here?
/Alphabet%20Inc_%20and%20Google%20logos%20seen%20displayed%20on%20a%20smartphone%20by%20IgorGolovniov%20via%20Shutterstock.jpg) 3
AI Is Alphabet’s Rocket to a $3 Trillion Valuation. Is GOOGL Stock a Buy Here?
 4
Warren Buffett’s Favorite Money-Making Strategy is ‘Purchasing Fractional Interests in Easily-Identifiable Princes at Toad-Like Prices’
 5
Is Coinbase Stock a Buy, Sell, or Hold After Trump Signed the Genius Act?
Log In Sign Up
Market:
HOME
Stocks
Options
ETFs
Futures
Currencies
Investing
News
Tools
Learn
Site News2
B2B SOLUTIONS
Contact Barchart
Site Map
Back to top
Change to Dark mode
Membership Barchart Premier Barchart Plus Barchart for Excel Create Free Account
Resources Site Map Site Education Newsletters Advertise
Barchart App Business Solutions Market Data APIs Real-Time Futures
Stocks: 15 minute delay (Cboe BZX is real-time), ET. Volume reflects consolidated markets. Futures and Forex: 10 or 15 minute delay, CT. Market Data powered by Barchart Solutions. Fundamental data provided by Zacks and Morningstar.
Barchart is committed to ensuring digital accessibility for individuals with disabilities. We encourage users to Contact Us with feedback and accommodation requests.
© 2025 Barchart.com, Inc. All Rights Reserved.
About Barchart | Affiliate Program | Terms of Service | Privacy Policy | Do Not Sell or Share My Personal Information | Cookie Settings
×
Information from your device can be used to personalize your ad experience.
Do not sell or share my personal information. |
