Palantir (PLTR) Stock Achieves ‘Street High’ Price Target
Palantir (NASDAQ:PLTR) has been all the rage in the past few days, with its shares surging 140% since the end of January.
On Tuesday, August 5, the software company received another major vote of confidence with Wedbush raising its PLTR price target from $160 to $200 per share.
Elaborating on its “Street high” rating, the financial firm market analyst Dan Ives cited growing demand for Palantir’s artificial intelligence (AI) solutions and its “eye-popping” second quarter results.
Raising PT on Palantir to $200 reflecting continued hyper growth demand for the company’s AI product suite with the use case era of the AI Revolution now here. Commercial growth is off the charts and speaks to this unique value PLTR brings to the table with AI Revolution — Dan Ives (@DivesTech) August 5, 2025
Palantir’s second-quarter performance in 2025 has indeed been exceptional. Namely, the company saw a 78% surge in earnings per share (EPS) and reported more than $1 billion in quarterly revenue for the first time.
U.S. commercial was the best performing segment, seeing a 93% increase in revenue year over year (YoY) and now making up more than 30% of the company’s total revenue.
Wedbush also highlighted strong customer growth, as Palantir’s top 20 customers now generate an average of $75 million in trailing 12-month revenue, which translates to a 30% increase from a year ago.
What’s more, operating income reached $464.4 million, with a 46.3% margin. Similarly, free cash flow came in at $568.8 million, well above Wall Street’s $329.6 million projection.
Wedbush is hardly alone in its bullish outlook. On Wednesday, August 6, analyst Gil Luria of D.A. Davidson raised his Palantir price target from $115 to $170.
As reported by market analysis platform TipRanks, Luria dubbed Palantir the “best story in all of software.”
On the same day, Gregg Moskowitz of Mizuho raised his price target from $135 to $165 while maintaining a “Hold” rating. These followed revised PLTR price targets from Deutsche Bank and Morgan Stanley.
At the time of writing, Palantir stock is trading at $173.27, down 0.73% in pre-market. Based on a total of 16 ratings, the average 12-month price target for the stock currently stands at $150.60, implying a 6.26% downside from current levels.
Looking ahead, Palantir is expecting full-year revenue somewhere between $4.142 billion and $4.150 billion, with U.S. commercial expected to grow more than 85%.
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