This Could Be the AI Stock That Keeps Surprising Wall Street

Quick Read PLTR earns a BUY rating and $185 price target after nine consecutive EPS beats and 93% year-over-year revenue growth. PLTR's 93% revenue growth and GAAP profitability make peers SNOW and CRM look slow, justifying its 247x P/E premium. CEO Alex Karp pledged to sustain U.S. commercial growth rates for 18 months, driving a bull case target of $213. Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and Palantir didn't make the cut. Enter your email to see the names that beat PLTR. The report is free. Enter your email and see if any of your stocks made the cut. Few names on the market divide investors quite like Palantir. The nine consecutive quarters of EPS beats, the 155% Rule of 40 score, and the AI sovereignty narrative make it a fundamentals story. The P/E near 247x makes it a valuation debate. Our 24/7 Wall St. price target tries to adjudicate that tension with math rather than opinion. Palantir (NASDAQ:PLTR) currently trades at $172.24. Our 24/7 Wall St. price target for Palantir is $184.84 over the next 12 months, implying 7.38% upside. Our recommendation is buy with high confidence at 90%. 24/7 Wall St. Price Target Summary Metric Value Current Price $172.24 24/7 Wall St. Price Target $184.84 Upside 7.38% Recommendation BUY Confidence Level 90% Choppy Price Action With Fundamentals Still Accelerating PLTR has cooled recently, falling 7.54% over the past week but still up 8.71% over the past month and 10.31% over the past year. Shares sit roughly 8% below the $207.52 52-week high, well above the $106.37 low. Q2 FY2026 was extraordinary: revenue of $1.935 billion, up 92.83% year over year, EPS of $0.41 versus the $0.28 estimate, and U.S. commercial revenue growing 149%. Management raised FY2026 revenue guidance to $8.150 to $8.158 billion, the largest full-year raise in company history. Free Report, Just Released Why Didn't PLTR Make The Top 10 List? 24/7 Wall St has helped investors make money for over two decades, and our top analysts just finished ranking the definitive Top 10 Stocks To Buy Now. Not the ten biggest companies. Not the ten everyone is arguing about. The ten best stocks to buy right now. And PLTR didn't make the cut! The report is free, and you can see why we think each stock is a top investment today. Enter Your Email and See the Ten → Why Bulls See a Path to $213 Our bull case one-year price target is $213.34, implying 23.94% upside. The drivers are visible in the earnings report. U.S. commercial TCV bookings hit $2.132 billion, up 153% year over year, and net dollar retention climbed to 157%. CEO Alex Karp said, "I am driving the business to grow at a rate equal or above to what we have in U.S. commercial for the next 18 months." If AIP adoption keeps compounding and sovereign AI wins accelerate, forward EPS re-rates higher, and the target rises with it. What Could Go Wrong Our bear case lands at $158.11, an 8.15% decline. The starting problem is valuation: a trailing P/E of 247x and P/FCF near 191x leave little room for a growth deceleration. Stock-based compensation was $265 million in Q2 alone, a real dilution drag. Bulls would counter that heavy SBC funds the forward-deployed engineering talent that just closed 73 deals of $10 million or more. Insider activity is net selling across recent transactions, though executive selling at these price levels is typically routine. How Palantir Compares to Snowflake, Salesforce, and C3.ai Snowflake (NYSE:SNOW) is the closest AI-platform valuation contrast. SNOW trades at a P/B of 61 with a P/FCF of 104, still growing product revenue 37% year over year, but PLTR's 92.83% growth and GAAP profitability justify a fatter multiple. Salesforce (NYSE:CRM) is the mature comp: a P/E of 29, 10.83% revenue growth, and a 34.3% non-GAAP operating margin. CRM sets the floor: this is what AI software valuations look like once growth normalizes. C3.ai (NYSE:AI) is the cautionary comp, with revenue down 25.46% year over year and a market cap of just $1.59 billion. The peer spread makes our 24/7 Wall St. price target look reasonable: rich versus CRM, cheaper than SNOW on growth-adjusted terms, and worlds away from AI's execution problems. Company Revenue Growth YoY Operating Margin Palantir 92.83% 31.59% Snowflake 35.09% -30.64% Salesforce 10.83% 21.47% C3.ai -25.46% -194.86% Palantir Price Prediction 2026-2030 Our 24/7 Wall St. price target of $184.84 and buy rating rest on one tipping factor: Palantir is the only richly-valued AI software name delivering both hypergrowth and GAAP profitability. The bull thesis strengthens if U.S. commercial growth stays above 100% into Q4. The bear thesis gains traction if net dollar retention slips below 140% or bookings decelerate meaningfully. For long-term holders, the setup still favors patience over exit. Year 24/7 Wall St. Price Target 2026 $184.84 2027 $184.32 2028 $192.31 2029 $208.94 2030 $214.71 These projections assume Palantir continues executing on AIP adoption and sovereign AI wins at roughly current trajectories. Significant upside or downside could come from federal budget shifts, AI regulatory action, or a broader software multiple reset. Got $1,000? Before You Buy PLTR, Read This If you have cash sitting in your account right now, give this two minutes. After more than two decades of helping investors beat the market, our top analysts at 24/7 Wall St. put together a definitive report on the Top 10 Stocks To Buy Today. And PLTR wasn't one of them. They combed the entire market. It's not 10 ideas, not 10 stocks everyone is talking about, it's what their research points to as the 10 best stocks to buy right now, and it's free. Read more here and see which stocks made the list -->> Contact editorial@247wallst.com for any questions or corrections. More News