Palantir (PLTR) Stock Price Prediction 2026, 2030, 2040

• Palantir (PLTR) stock price prediction looks bullish in the long term.
• Palantir posted its fastest growth rate since going public in 2020.
• U.S. commercial revenue grew 133% year-over-year in 2026.
• The average 12-month Wall Street price target is $187, with estimates ranging from $90 (bearish) to $260 (bullish).

Palantir Technologies (NASDAQ: PLTR) has become one of the most closely watched stocks in the AI sector. If you’re researching a Palantir stock price prediction or trying to find where PLTR could realistically trade over the next one, five, or fifteen years, this guide walks through the company’s current fundamentals, recent earnings results, analyst price targets, historical performance, and long-term growth scenarios, all grounded in Palantir’s actual reported numbers rather than generic speculation.

Palantir Stock Quick Stats

What Does Palantir Actually Do?

Palantir builds software platforms that help governments and large enterprises make decisions using massive, fragmented datasets. The company, founded in 2003 and now headquartered in Denver, Colorado, operates four core platforms:

• Gotham — used primarily by defense, intelligence, and national security agencies for operational planning and analysis.
• Foundry — Palantir’s commercial data-integration platform, used by enterprises to unify operations across supply chains, manufacturing, and logistics.
• Apollo — a deployment and infrastructure layer that lets Palantir’s software run securely across cloud, on-premise, and classified environments.
• AIP (Artificial Intelligence Platform) — Palantir’s fastest-growing product, which layers large language models and AI agents on top of Foundry and Gotham, letting organizations act on AI-generated recommendations inside real operational workflows rather than a standalone chatbot.

This combination, deep government trust built over two decades, paired with a rapidly scaling commercial AI business. This strategy is central to the bull case for the stock, and it’s also why Palantir trades at a significant valuation.

Palantir Q1 2026 Earnings: What Changed

Palantir’s first-quarter 2026 results, reported on May 4, 2026, materially reset the narrative around the stock. Revenue reached $1.633 billion, up 85% year-over-year, the company’s fastest growth rate since its 2020 direct listing. U.S. revenue crossed the 100% growth mark for the first time, rising 104% to $1.282 billion.

The more significant shift was inside that number: U.S. commercial revenue grew 133% year-over-year to $595 million, while U.S. government revenue grew 84% to $687 million. Commercial and government revenue are now nearly the same size, and commercial is growing faster, a meaningful change for a company long typecast as primarily a defense contractor. New commercial logos added in the quarter included Airbus, Bain, GE Aerospace, and Stellantis.

Profitability also improved sharply. Net income roughly quadrupled year-over-year to $870.5 million, adjusted operating margin came in at 60%, and the company closed the quarter with $8 billion in cash and short-term treasuries. Off the back of these results, management raised full-year 2026 revenue guidance to $7.650–$7.662 billion (71% growth) and raised U.S. commercial revenue guidance to more than $3.224 billion (120%+ growth), the largest guidance raise in company history.

Despite this, PLTR shares were down for the year as of late July 2026, reflecting a broader pullback in AI-sector valuations rather than any company-specific weakness, a distinction that matters for anyone trying to separate sentiment-driven price action from the underlying business trend.

Historical Stock Performance

Palantir went public via a direct listing in September 2020. The stock spent much of 2022–2023 trading in the single digits, hitting an all-time low of $5.92 on December 27, 2022, amid a broader tech selloff and skepticism about the company’s path to profitability. Since then, the stock is up more than 20-fold, driven by a genuine turnaround in profitability and the AI platform buildout that followed the 2023 launch of AIP.

Palantir hit its all-time high of $207.52 on November 3, 2025, before pulling back alongside a broader correction in AI and software valuations through late 2025 and into 2026. As of late July 2026, the stock trades around $134 — still dramatically above its 2022 lows, but well off its peak, leaving current pricing at an inflection point between “correction in an expensive stock” and “healthy reset before the next leg up,” depending on which analyst you ask.

Palantir Stock Price Prediction Table (2026–2040)

Near-term figures (2026–2027) reflect current Wall Street analyst targets. Longer-term figures (2028–2040) are illustrative growth-scenario projections based on Palantir’s revenue trajectory, margin profile, and AI-sector adoption trends, not formal analyst coverage, since very few analysts publish price targets beyond 12–18 months. Treat anything past 2027 as a framework for thinking about outcomes, not a forecast.

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Palantir Stock Price Prediction 2026

Palantir enters the back half of 2026 backed by its strongest quarter as a public company. Full-year revenue guidance was raised to $7.65–$7.66 billion, or 71% growth. U.S. commercial revenue guidance was raised too, to over $3.224 billion, or 120%+ growth. The base case for 2026 sits near $150. That implies meaningful recovery from current levels — if Q2 results (due August 3, 2026) confirm the momentum is holding. A bullish scenario near $225 would need another quarter of accelerating growth and margin expansion. A bearish case near $100 would likely need a broader AI-valuation correction. That’s a real risk, since AI stocks have been trading closely together.

Palantir Stock Price Prediction 2027

By 2027, the average Wall Street 12-month price target sits near $187. That implies real upside from today’s price — if growth stays well above typical software peers, even after decelerating from Q1 2026’s 85%. CEO Alex Karp has said he expects the U.S. business to double again in 2027. That would support the higher end of analyst targets. A bullish breakout could push shares toward $260, the top of current ranges. A bearish case keeps the stock closer to $110, if commercial growth slows faster than guidance implies.

Palantir Stock Price Prediction 2028

By 2028, Palantir’s price will largely hinge on two things. First: whether Foundry, Gotham, Apollo, and AIP keep winning large government and enterprise contracts at their current pace. Second: whether international commercial revenue starts to catch up — it grew just 26% year-over-year in Q1 2026, a fraction of the U.S. pace. In a base case, shares could trade near $210. A bullish scenario, with sustained growth and margin expansion, could push the stock toward $310. A weaker environment, or rising competition, could keep shares closer to $120.

Palantir Stock Price Prediction 2029

Palantir’s 2029 outlook depends heavily on one thing: how well commercial scales relative to government. Government contracts are more predictable, but slower-growing. They also carry termination-for-convenience clauses, which limits their long-term reliability. A base case places the stock around $235. A bullish path toward $360 needs AI enterprise adoption to keep accelerating, with international markets starting to contribute. A more cautious scenario, with slower growth or margin pressure, keeps the price closer to $130.

Palantir Stock Price Prediction 2030

Looking to 2030, a base case places Palantir around $265. That assumes sustained double-digit growth and a growing AI platform footprint across government and enterprise. A bullish scenario is higher: Palantir becomes the default operating layer for enterprise and government AI — the “no-slop zone” positioning management has emphasized on recent calls. That could support a price closer to $420. A bearish scenario — slower growth, margin compression, more competition — keeps the stock nearer $140.

Palantir Stock Price Prediction 2035

This horizon carries real uncertainty. No analyst currently issues price targets this far out, so the following is scenario modeling, not a forecast. If Palantir keeps its growth trajectory and expands into new markets and use cases, a bullish case sees the stock near $700. A base case assumes growth naturally moderates as the company matures — that puts the price closer to $400. A bearish case, with slower adoption or new competition from hyperscalers, puts the stock around $180.

Palantir Stock Price Prediction 2040

By 2040, Palantir’s price depends almost entirely on one open question: does it stay a dominant, durable AI platform over a 15-year horizon? No current model can answer that with precision. A bullish scenario — continued category leadership, successful expansion beyond current markets — could see shares above $1,000. A base case places the price closer to $550. A bearish scenario, with slower long-term growth or disruption from competitors, keeps the stock nearer $220. As with 2035, treat these as illustrative scenarios, not forecasts.

Key Growth Drivers for Palantir Stock

• AIP adoption: AIP is the main driver behind the recent jump in commercial revenue. It lets enterprises deploy AI agents directly into real workflows, not isolated pilot projects.
• U.S. commercial expansion: U.S. commercial revenue grew 133% year-over-year in Q1 2026. Net dollar retention hit 150%. That means existing customers are spending a lot more, not just new customers signing on.
• Government contract base: Palantir holds a $10 billion, 10-year U.S. Army contract. It keeps expanding across defense and intelligence agencies. That gives it a large, sticky revenue base even as commercial growth accelerates.
• Operating leverage: Management says U.S. revenue doubled with what it calls a “functionally non-existent” sales force. That points to an efficient go-to-market model, which supports high margins as the company scales.
• International commercial upside: International commercial revenue is still small and growing much slower than the U.S. business. That’s unrealized upside — if Palantir can repeat its U.S. commercial playbook abroad.

Risks to Consider Before Investing in Palantir

• Valuation: PLTR trades at a forward P/E in the 80s and a price-to-sales ratio above 60. That’s among the richest valuations of any large-cap stock. The share price already prices in years of rapid growth — any deceleration could trigger a sharp re-rating.
• High-profile skepticism: Investor Michael Burry has publicly taken a bearish view on Palantir and AI valuations broadly. Some analysts, like Baird’s William Power, keep price targets well below the current market price.
• Government contract structure: A meaningful share of revenue comes from government contracts with termination-for-convenience clauses. That limits how predictable this revenue base really is, despite its size.
• International concentration gap: International commercial revenue grew just 26% year-over-year in Q1 2026, versus 133% in the U.S. That creates structural reliance on a single geographic market for the company’s fastest-growing segment.
• Volatility: Palantir carries a beta above 2.0. It tends to move roughly twice as much as the broader market, in both directions. That matters for position sizing, regardless of your long-term view.

Is Palantir a Good Stock to Buy?

Palantir holds a consensus “Buy” rating from most covering analysts. That’s backed by 85% revenue growth last quarter and rising demand for its AI Platform, across both government and commercial customers. That said, the stock trades at a high valuation for its sector. It’s priced for continued rapid growth, not for margin of safety — a real distinction from a typical value stock.

Like any high-growth stock, Palantir carries above-average volatility. Position sizing and risk tolerance matter more here than with a typical blue-chip holding. Anyone weighing a position should watch the upcoming earnings report closely, for confirmation that U.S. commercial growth is holding. This isn’t investment advice — consult a licensed financial advisor before making investment decisions.

Will Palantir Stock Recover to Its All-Time High?

Palantir currently trades roughly 35% below its November 2025 all-time high of $207.52. Whether it reclaims that high depends largely on the upcoming earnings report, revenue growth, and government contract momentum. The underlying business has arguably strengthened since the November 2025 peak — recent growth was the fastest in company history. The pullback looks more tied to broader AI-sector sentiment than to Palantir’s own fundamentals.

How This Prediction Was Built

Near-term figures (2026–2027) reflect current, published Wall Street analyst price targets. These come from consensus data across major financial platforms. Longer-term figures (2028–2040) are scenario models. They’re built from Palantir’s reported revenue growth rate and margin trajectory. These aren’t official analyst forecasts — no methodology can reliably predict stock prices more than 1–2 years out. This page is updated periodically, to reflect new earnings results and analyst revisions.

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FAQs

What is Palantir’s stock price today?

Palantir (PLTR) is currently trading around $134 per share, within its 52-week range of $106.37 to $207.52.

What is the average analyst price target for Palantir stock?

The average 12-month Wall Street price target for Palantir is approx $187. This is based on estimates from over 30 analysts, with targets ranging from $70 to $260.

Will PLTR stock go up in 2026?

Analyst sentiment looks bullish, with a consensus “Buy” rating and price targets implying meaningful upside from current levels. Palantir raised its full-year 2026 revenue guidance to 71% growth after an 85% growth quarter.

What was Palantir’s all-time high stock price?

Palantir reached its all-time high of $207.52 on November 3, 2025. Its all-time low was $5.92, reached on December 27, 2022.

Why did Palantir’s revenue growth accelerate so much in 2026?

Palantir’s revenue grew 85% year-over-year, driven primarily by 133% growth in U.S. commercial revenue. The enterprises scaled adoption of the Palantir’s AI Platform is beyond pilot projects into full operational deployment.

Is Palantir mainly a government contractor or a commercial company?

Palantir was historically known primarily as a government and defense contractor. As of 2026, U.S. commercial revenue ($595 million) is nearly as large as U.S. government revenue ($687 million). Palantir is growing significantly faster, marking a structural shift in the business.

Where could Palantir stock be in 5 years (2030)?

Based on current growth trends, a base-case scenario places Palantir in the $210–$265 range by 2030. While bullish case looks near $420 if AI platform adoption continues accelerating. These are scenario projections, not formal analyst forecasts, and actual results may differ significantly.

Is PLTR stock a good long-term investment?

Palantir has strong revenue growth and a leading position in enterprise and government AI software, which supports a bullish long-term case. However, its high valuation multiples mean the stock carries above-average risk. The long-term returns will depend heavily on whether that growth rate is sustained. Conduct independent research and consider your own risk tolerance before investing.

What is Palantir’s biggest risk right now?

Palantir’s biggest risk is valuation. Palantir stock trades at a price-to-sales ratio above 60. Any deceleration in its current growth rate could trigger a sharp price correction in PLTR stock.