Stock Price Prediction: Palantir at $113, The Forecast Says There’s Room to Run

Palantir (NASDAQ:PLTR) has been 1 of 2026's astir punished AI winners, sliding from a December highest adjacent $183.25 to astir $113.50. After moving the numbers, I deliberation that pullback has overshot the fundamentals.

Our 24/7 Wall St. terms people for Palantir is $150.02 implicit the adjacent 12 months, implying 32.17% upside from existent levels. We complaint shares a bargain with 90% confidence, the highest tier our exemplary assigns.

A Brutal Six Months Despite Record Numbers

Palantir is down 36.15% twelvemonth to date, 17.08% implicit the past month, and 13.11% implicit the past week, with shares present sitting conscionable supra the 52-week debased of $116.18 and astir 12% beneath the $207.52 52-week high.

The drawdown coincided with Michael Burry's wide shared June enactment calling PLTR "a soil castle supported lone by AI applications narrative," which dragged Reddit sentiment to 22 successful aboriginal June.

That bearish communicative collides with the fundamentals. Q1 2026 gross deed $1.63 billion, up 84.7% twelvemonth implicit year, the fastest maturation successful institution history. Adjusted EPS of $0.33 bushed statement by 18.07%, the eighth consecutive beat. U.S. commercialized gross grew 133%, escaped currency travel reached $925 million, and absorption raised FY2026 gross guidance to $7.65 to $7.66 billion.

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The Bull Case

The bull lawsuit rests connected AIP-driven commercialized adoption that CEO Alex Karp argues is supply-constrained. On the Q1 telephone helium said, "Our biggest occupation presently successful the U.S. is that we conscionable cannot conscionable demand."

U.S. commercialized remaining woody worth reached $4.92 billion, up 112%, and nett dollar retention deed 150%. Government tailwinds see the $300 cardinal USDA declaration and Maven usage 4x implicit the past 12 months.

Of 31 analysts, 19 complaint shares Buy oregon Strong Buy with a statement people of $182.75. Our bull-case script carries Palantir to $197.98, a 74.43% return, if FY2026 gross lands supra guidance and operating margins clasp adjacent 46%.