Wall Street analyst updates Palantir stock price target ahead of earnings

Core Viewpoint - Palantir Technologies has received a positive endorsement from Piper Sandler, with an increased stock price target of $201, indicating a potential upside of 13.5% from the last market close of $177 [1][3]. Group 1: Analyst Insights - Analyst Clark Jeffries emphasized Palantir's strong revenue visibility, highlighting over $7 billion in defined contract value and approximately $4 billion in potential IDIQ contracts [3]. - The company is experiencing accelerating commercial momentum, with triple-digit growth in bookings recorded this year [3]. - Palantir's expanding presence in both commercial and government sectors, particularly in the $1 trillion U.S. defense market, positions it for sustained growth [4]. Group 2: Market Sentiment - Wall Street analysts exhibit divided opinions on Palantir's outlook, with an average 12-month price target of $156.53, suggesting an 11.67% decline from the last price of $177.21 [5]. - Analyst forecasts show significant variability, with a high estimate of $215 and a low of $45, reflecting differing views on the company's growth prospects and valuation [6]. - Palantir's shares have rallied sharply this year, driven by increasing demand for its AI-driven data platforms across public and private sectors [6].