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6d ago

Palantir Hits Record $126 as Analysts Boost Price Targets Ahead of Earnings

Shares of Palantir surge to all-time highs with bullish forecasts citing AI demand and defense contracts, as the company prepares to release Q1 2025 results.

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Signage for Palantir is seen during the Association of the United States Army annual meeting and exposition at the Walter E. Washington Convention Center in Washington, U.S., October 14, 2024. REUTERS/Nathan Howard/File Photo
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Overview

  • Palantir's stock reached a record $126.28 in overnight trading on Robinhood, reflecting a 392% gain over the past year.
  • Analyst Stephen Guilfoyle raised his price target to $153, now the highest on Wall Street, following the stock surpassing his previous $122 target on May 2.
  • Wedbush Securities' Dan Ives called Palantir the 'missing piece in the AI puzzle' and anticipates strong Q1 earnings results from the company.
  • Palantir has secured major defense contracts, including delivering battlefield TITAN systems to the U.S. Army and partnering with NATO for AI-powered military technology.
  • Q1 2025 earnings projections include 13 cents per share on $862.83 million in revenue, with analysts divided over the company's valuation outlook.