Palantir Is Pulling Back After a Post-Venezuela Run Higher. How Should You Play PLTR Stock Here?

Core Viewpoint - Palantir Technologies (PLTR) is viewed as a strong investment opportunity, particularly in the context of its potential for artificial intelligence (AI) adoption and international expansion, despite its current high valuation [3][5]. Financial Performance - Palantir's stock has increased approximately 180% from its 52-week low, indicating strong market performance [2]. - The company has a "Rule of 40" score exceeding 100, reflecting a robust financial profile that justifies its premium valuation [3]. Analyst Insights - Truist analyst Arvind Ramnani recommends that long-term investors consider buying PLTR on recent pullbacks, labeling it as the "best-in-class" AI asset for 2026 [1][3]. - Ramnani has set a price target of $223 for Palantir, suggesting a potential upside of around 30% over the next 12 months [4]. Market Sentiment - Jim Cramer, a well-known investor, supports the bullish outlook on Palantir, noting its transformative impact on client companies [5]. - Current bullish options data indicates that Palantir could trade above $200 within the next three months [6]. Consensus Rating - The consensus rating for Palantir stock is currently "Hold," with a mean target price of approximately $193, indicating a potential upside of about 10% from current levels [8].