What Are Wall Street Analysts' Target Price for Palantir Technologies Stock?

Core Insights - Palantir Technologies Inc. (PLTR) is valued at a market cap of $399.2 billion and specializes in data integration, analytics, and artificial intelligence platforms, aiding governments and enterprises in managing and analyzing large datasets [1] Performance Overview - Over the past 52 weeks, PLTR shares have increased by 122.3%, significantly outperforming the S&P 500 Index, which gained 13.9% during the same period [2] - Year-to-date, PLTR stock is down 5.7%, underperforming the S&P 500's 1.5% increase [2] - PLTR has outperformed the iShares Expanded Tech-Software Sector ETF, which saw a 3.4% decline over the past 52 weeks and a 6.7% drop year-to-date [3] Recent Developments - On January 23, PLTR shares rose by 2.2% due to positive investor sentiment following a substantial deal with Hyundai Motor Company, valued at "hundreds of millions" of dollars, and a collaboration on data center projects in Europe, the Middle East, and Africa [4] Earnings Expectations - For the current fiscal year ending in December, analysts project PLTR's EPS to grow by 562.5% year-over-year to $0.53 [5] - The company's earnings surprise history is mixed, with two out of the last four quarters exceeding consensus estimates [5] Analyst Ratings - Among 24 analysts covering PLTR, the consensus rating is a "Hold," comprising eight "Strong Buy," 12 "Hold," one "Moderate Sell," and three "Strong Sell" ratings [5] - The mean price target for PLTR is $201.52, indicating a 19.6% premium from current levels, while the highest price target of $255 suggests a potential upside of 51.3% [7] - Phillip Securities analyst initiated coverage with a "Buy" rating and a price target of $208, implying a 23.4% upside potential [6]