Palantir (NASDAQ:PLTR | PLTR Price Prediction) has spent the past year confounding shorts and vindicating believers, and the setup heading into the back half of 2026 keeps getting stronger. Our 24/7 Wall St. price target for Palantir is $214.73, implying 22.54% upside from the current $175.23 quote.
Our model rates PLTR a buy with a 90% confidence score, and after last week’s Q2 earnings report, fundamentals may finally be catching up to the multiple.
24/7 Wall St. Price Target Summary
| Metric | Value |
|---|---|
| Current Price | $175.23 |
| 24/7 Wall St. Price Target | $214.73 |
| Upside | 22.54% |
| Recommendation | BUY |
| Confidence Level | 90% |
The Earnings Blowout That Changed the Story
PLTR ripped 39.46% in the past week following Q2 results filed on August 3, 2026. Revenue hit $1.94 billion, up 92.83% year over year, with adjusted EPS of $0.41 beating consensus by 46.43%, the ninth consecutive beat. U.S. commercial revenue surged 149%, and the Rule of 40 score reached 155%.
Even after the run, PLTR sits just 8% from its 52-week high of $207.52 and remains down 1.42% year to date.
The Case for $223 and Higher
Our bull-case scenario lands at $223.49 over the next 12 months. Management raised FY2026 revenue guidance to $8.15 billion to $8.158 billion, representing 82% growth, with adjusted free cash flow guidance now at $4.5 billion to $4.7 billion.
CEO Alex Karp said, “Demand for AI sovereignty has now been unleashed.”
The FY2027 U.S. Department of War budget request of $1.45 trillion, a 44% jump over FY2026, provides a multi-year tailwind for the Maven platform. Net dollar retention hit 157%, and remaining deal value reached $13.1 billion, giving Wall Street visibility into 2027.
What Could Go Wrong
PLTR trades at a forward P/E of 110 and price-to-sales of 67, multiples that leave no room for a growth stumble. Our bear case pegs the stock at $179.03, essentially flat. Insiders sold aggressively into the rally, with CEO Karp disposing of 397,744 Class A shares on May 20, 2026.
Bulls argue this reflected a pre-scheduled 10b5-1 program, and adjusted operating margin of 62% justifies executive diversification. Contracts remain terminable for convenience, and stock-based compensation of $265 million in the quarter continues to dilute holders.
How Palantir Stacks Up Against Snowflake and ServiceNow
Snowflake (NYSE:SNOW) is the cleanest AI data-platform comp. Snowflake posted Q1 FY27 revenue of $1.39 billion, up 33.5%, with FY27 product revenue guided to $5.84 billion (31% growth). PLTR is growing nearly triple that rate and is GAAP-profitable, while SNOW posted a Q1 net loss of $295.6 million. Our $214.73 target looks reasonable given the peer setup.
ServiceNow (NYSE:NOW) is the profitability benchmark. NOW posted Q2 FY26 revenue of $3.99 billion, up 24%, with subscription guidance of $15.76 billion for FY26. PLTR trades at richer multiples but compounds revenue nearly four times faster. The peer set makes our target look conservative if AI sovereignty is real.
Palantir Price Prediction 2026 to 2030
I am reiterating our buy with the 24/7 Wall St. price target of $214.73 and 90% confidence. The raised guide combined with 149% U.S. commercial growth tips the scale.
I’d be a buyer here if Q3 delivers on the $2.16 billion revenue guide. I’d stay on the sidelines if commercial bookings decelerate below 100% or if margin compression appears from AI infrastructure spend.
| Year | 24/7 Wall St. Price Target |
|---|---|
| 2026 | $214.73 |
| 2027 | $248 |
| 2028 | $275 |
| 2029 | $300 |
| 2030 | $322 |
These projections assume Palantir sustains 30%+ revenue growth and continues expanding into sovereign AI deployments. Meaningful upside or downside could result from a step-change in defense AI adoption or a broader software multiple reset.
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