1 Wall Street Analyst Believes Palantir Will More Than Double in a Year. Is She Right?

A Wall Street analyst has predicted that Palantir Technologies (PLTR) will more than double in the next 12 months, even as the stock has struggled this year. The AI-powered data analytics firm, a standout performer in 2025, has seen a pullback in 2026.

Rating Change

According to a report from Motley Fool, the analyst (name not specified) raised the price target on Palantir from $60 to $120, maintaining a "Buy" rating. This implies a 100% upside from the previous close.

Analyst's Rationale

The analyst believes Palantir will benefit from:

• Expansion of U.S. government contracts: Especially in defense and intelligence.
• Growth of the AIP (Artificial Intelligence Platform): Enabling clients to analyze massive datasets quickly.
• Improving operating margins: Driven by recurring revenue growth.

Context

Not all analysts share this optimism. The average price target among 35 analysts is $75, with a mix of "Buy" and "Hold" ratings. The stock has lost about 20% year-to-date in 2026, making it one of the worst-performing AI stocks this year.

What to Make of It

The analyst's forecast is bullish, but investors should weigh the potential upside against risks, including the stock's already high valuation and mixed sentiment on Wall Street.