By 24/7 Wall St's count, Palantir has now beaten Wall Street's earnings-per-share estimates for nine consecutive quarters.
That is not a contradiction, and understanding why it happens is more useful than any single price target — because it tells you what a Palantir forecast actually has to get right.
This article covers what analysts currently target, how a 2026, 2027 and 2030 price range is built from Palantir's own filings, and the two variables that decide which range you end up in.
Key Takeaways
Palantir grew revenue 93% year-over-year in Q2 2026 to $1.935 billion.
Full-year 2026 revenue guidance was raised to $8.15 billion, the second raise in six months.
Post-earnings PLTR price targets run from $80 to $245, with published averages near $190.
A model built from Palantir's own guidance puts the 2030 range at $85 to $400.
That entire spread comes from one assumption — the revenue multiple, not the revenue.
PLTR is still down roughly 29% in 2026, which makes this a valuation story rather than an operating one.
Wall Street price targets on Palantir are unusually spread out, and the spread is the information.
Firm | Analyst | 12-month target | Rating | Change |
Citi | Tyler Radke | | Buy | Raised from $200 |
Rosenblatt | John McPeake | | Buy | Reaffirmed |
Mizuho | — | $215 | — | Raised |
DA Davidson | Gil Luria | | Buy | Raised from $175 |
Deutsche Bank | Brad Zelnick | | Buy | Upgraded from $80 |
Cantor Fitzgerald | Thomas Blakey | | Neutral | Raised from $138 |
Jefferies | Brent Thill | | — | Raised from $70 |
Consensus averages differ by data provider, and the difference is large enough to matter.
Any article quoting a single "consensus" figure without naming the provider and the date is quoting one sample and calling it the market.
The reason those targets range from $80 to $245 is not that analysts disagree about Palantir's revenue.
Revenue estimates across the covering firms sit within a fairly narrow band, because the company issues explicit quarterly and annual guidance.
The disagreement is almost entirely about the multiple — what a dollar of Palantir revenue is worth — and that single assumption is what moves a target from $80 to $245.
The stock rose sharply.
A company trading at a high multiple of revenue is being priced for a growth path that sits above published consensus, not on it.
Published consensus is what analysts write down; the implied path is what the price already assumes.
When a quarter clears consensus but only matches the implied path, the multiple compresses, and the share price can fall on results that were objectively excellent.
This mechanism is the single most important thing to understand before reading any PLTR stock price prediction, because it explains why a forecast built purely on revenue growth will be wrong in direction as often as it is right.
Guidance metric | FY2026 (raised Aug 3, 2026) | Prior guidance (May 4, 2026) |
Revenue | $8.150–8.158B (+82%) | $7.650–7.662B (+71%) |
US commercial revenue | Over $3.424B (at least +134%) | Over $3.224B (at least +120%) |
Adjusted income from operations | $4.889–4.897B | $4.440–4.452B |
Adjusted free cash flow | $4.5–4.7B | $4.2–4.4B |
Q3 2026 revenue | $2.160–2.164B | — |
Guidance has now been raised twice in six months, and the second raise was larger than the first.
That pattern is the strongest argument the bull case has, and it is verifiable rather than interpretive.
The scenarios below apply three revenue multiples to a forward revenue estimate, using Palantir's diluted share count of approximately 2.57 billion.
Scenario | 12-month revenue assumption | Multiple applied | Implied price | Trigger condition |
Bear | ~$11.0B (2027 growth slows to ~35%) | 25× | ~$105 | US commercial growth decelerates and the AI software premium unwinds |
Base | ~$11.8B (2027 growth ~45%) | 40× | ~$185 | Growth moderates gradually; multiple settles near where Street targets sit |
Bull | ~$12.6B (2027 growth ~55%) | 55× | ~$270 | US commercial holds triple-digit growth and the current multiple is sustained |
The base case lands close to the published analyst average, because it uses the same two inputs any analyst uses: a forward revenue estimate and a multiple.
Taken literally, that implies total 2027 revenue well above every scenario in the table, and it is worth reading as an aspiration expressed in an interview rather than as issued guidance.
No major covering firm publishes a 2030 price target for Palantir, so any 2030 figure — including the ones below — is a model, not a forecast with coverage behind it.
The model starts from FY2026 guidance of $8.15 billion and compounds forward, then applies a 2030 revenue multiple and divides by an estimated 2.8 billion diluted shares to allow for continued stock-based dilution.
Scenario | 2030 revenue | 2030 multiple | Implied 2030 price | What has to be true |
Bear | ~$21B | 12× | $85–$110 | Growth decays toward 20% and Palantir is repriced as a large enterprise software company |
Base | ~$26B | 20× | $170–$205 | Growth moderates steadily while the company retains a clear premium to software peers |
Bull | ~$35B | 30× | $330–$400 | US commercial compounding holds above 40% into the late decade and the premium persists |
The bear case does not require Palantir to fail.
It requires only that growth normalizes and that the market stops paying an exceptional multiple, which is what has typically happened to high-growth software companies as they scale.
The bull case requires Palantir to keep compounding above 40% for five consecutive years from a revenue base already above $8 billion, which is a rare outcome in enterprise software.
No verified Wall Street analyst targets exist for 2035, 2040 or 2050, and no company guidance extends anywhere near those years.
A more useful way to handle these horizons is to invert the question and ask what annual return a given price would represent.
From a share price near $160, reaching $500 by 2040 would require roughly 8.5% annualized appreciation sustained for fourteen years, and reaching $1,000 by 2050 would require roughly 8% annualized appreciation for twenty-four years.
Those are ordinary long-run equity returns rather than extraordinary ones, which is a reminder that very large future prices can look dramatic while implying nothing unusual about the underlying business.
Variable | Bull trigger | Bear trigger | Where to verify |
US commercial growth | Holds above 100% year-over-year | Falls below ~60% for two consecutive quarters | Quarterly press release |
| Continues rising from 157% | Turns down sequentially | Quarterly earnings call |
Backlog | | RPO growth falls below revenue growth | Form 10-Q |
International commercial | Growth re-accelerates from 26% | Stays stalled while US decelerates | Quarterly earnings call |
Valuation multiple | Sustained above 40× forward revenue | Compresses toward software-sector norms | Any market data provider |
The clearest bear signal in Q2 2026 was not in the headline numbers.
International commercial revenue grew 26% year-over-year, against 149% for US commercial, meaning essentially all of Palantir's growth is concentrated in one geography and one segment.
Concentration of that degree raises the quality of growth while it lasts, and raises the severity of any slowdown when it arrives.
There is a structural feature of Palantir that most price prediction articles never mention, and it decides how much of any target a non-US investor can actually capture.
For a stock that has moved at least 7% the session after each of its last five reports, and 29% after the most recent one, that window is not a detail — it is where most of the year's return on the position is decided.
This is where a genuine constraint sits, and it is a market-structure constraint rather than a forecasting one. Extended-hours order books are thinner than regular-session books, so the headline move is visible to everyone while the execution price inside that book is not the same for everyone. The binding limit on converting a price target into a realized return is book depth in the window where the repricing happens, not the accuracy of the forecast itself. A second structural point follows from the same fact.
When realized volatility around a scheduled event consistently exceeds implied volatility, position sizing becomes a more consequential decision than direction — which is a very different conclusion from the one a price target alone would lead you to.
The company operates three core software platforms: Gotham, built for defense and intelligence agencies; Foundry, for large commercial enterprises managing complex datasets; and AIP, the Artificial Intelligence Platform, which lets organizations deploy AI models into existing operations without rebuilding infrastructure.
AIP is what changed the growth trajectory, and the Q2 2026 numbers show why.
Q2 2026 operating metric | Value | Year-over-year |
Revenue | $1.935B | 0.93 |
US commercial revenue | $764M | 1.49 |
US government revenue | $809M | 0.9 |
Total contract value closed | $3.373B | 0.49 |
Deals closed at $1M+ / $5M+ / $10M+ | 220 / 98 / 73 | — |
Net dollar retention | 157% | +700bps vs Q1 |
Customer count | 1,049 | 0.24 |
Remaining performance obligations | $4.9B | 1.03 |
Rule of 40 score | 155% | +10pts vs Q1 |
GAAP net income | $1.062B (55% margin) | — |
Adjusted free cash flow | $1.220B (63% margin) | — |
Cash and short-term US Treasuries | $9.2B, no debt | — |
What is the PLTR price target?
Published 12-month PLTR price targets after Q2 2026 cluster between roughly $180 and $200 on average, with a Street high of $245 from Citi and a Street low of $80 from Jefferies.
What is the PLTR stock price prediction for 2026?
Applying multiples of 25× to 55× forward revenue produces a 12-month range of roughly $105 to $270, with a base case near $185.
What is the Palantir stock price prediction for 2027?
A 2027 outcome depends chiefly on whether US commercial revenue growth stays above 45%, which would support the upper half of that range.
What is the Palantir stock price prediction for 2030?
A revenue model built from Palantir's own FY2026 guidance produces a 2030 range of roughly $85 to $400, with a base case of $170 to $205.
What is the Palantir stock price prediction for 2040?
No verified analyst targets exist for 2040, but reaching $500 by then from current levels would require roughly 8.5% annualized appreciation.
Will Palantir stock reach $200?
Four covering firms currently hold 12-month targets of $200 or above, so $200 sits inside the published target range rather than beyond it.
Why does Palantir stock fall after good earnings?
At a high revenue multiple, the price already assumes a growth path above published consensus, so a quarter can beat estimates and still fall short of what was priced in.
Is Palantir stock overvalued?
Palantir trades at roughly 40 to 50 times forward revenue against a software sector that typically trades in single-digit to low-double-digit multiples, which is a premium that is defensible only while growth stays exceptional.
Palantir's Q2 2026 results settled the operating question and left the valuation question exactly where it was.
Revenue growth accelerated to 93%, guidance rose for the second time in six months, and the company generated over a billion dollars in both GAAP net income and free cash flow in a single quarter.
None of that is a matter of interpretation.
What remains open is what a dollar of that revenue is worth, and the honest answer is that the market's answer swings violently — the same company was worth $207.52 a share in November 2025 and $106.37 a share earlier this year. That is the entire spread between an $80 target and a $245 one, and it is why position sizing and time horizon matter more here than any single number in this article.
Traders who want direct PLTR exposure can access Palantir on MEXC.