Palantir Technologies (PLTR) Stock Price Prediction and Forecast 2024,2025,2030 – Will PLTR Hit $100?

Large data sets are profitable ventures. The market for data services is expected to climb by 82.2% from $220.2 billion in 2023 to $401.2 billion by 2028, according to platform provider Edge Delta. One significant participant in the market is Palantir Technologies Inc. (NYSE: PLTR). Entrepreneur and venture capitalist Peter Thiel, the first outside investor in Facebook and a co-founder of PayPal, co-founded the company.

The stock price has increased by more than 240.21% since going public on September 30, 2020, and it has gained by more than 88.24% thus far in 2024. A $1,000 investment made at Palantir’s $9.50 IPO price would be worth $3402.11 today, more than double the original amount in less than four years, if that growth rate holds true.

Palantir is a leading player in the Big Data business. But it’s not always easy to discover data-driven predictions of the stock’s medium- to long-term performance. Wall Street analysts only give one-year price estimates for these stocks, so investors don’t always have a good idea of what the future holds. But 24/7 Wall Street has done the research and can give insights surrounding the company’s stats and the market segments that are most fascinating to us, so buy-and-hold investors can know where Palantir’s stock might be several years down the line.

Palantir Technologies (PLTR) Stock Overview

Peter Thiel, a successful businessman and PayPal co-founder, established Palantir Technologies. Shortly after the 9/11 terrorist attacks, the firm was founded to supply the United States and its allies with the means to thwart similar attacks in the future. It was a private company for a long time, only going public in 2020.

Palantir’s primary clientele are American government agencies. Customers like government organisations pay the corporation millions of dollars for just one deployment because of the services it provides. However, the company is also working to expand its private sector clientele, which now includes Ferrari, Tyson, BMW, Airbus, and Apache, among others.

Most individuals don’t use Palantir’s goods, and most investors don’t have a solid grasp on what the company does. Furthermore, the goods are used by large, secretive organisations such as government organisations and corporations.

Palantir offers three main services. To begin, there’s Gotham, which aids in discovering patterns buried deep within massive datasets.

Second, the company offers a platform called foundry, which allows businesses to develop a custom database management system. The information can be put to rapid use, allowing people to try out new concepts quickly.

Apollo, a tool that enables speedy, risk-free software updates, is now available. In this post, we will attempt to make a long-term prediction as to what the Palantir stock price would be in 2023, 2025, 2030, and 2040.

Keep in mind that this forecast, like every forecast, is only the opinion of a small group of market experts and analysts. Furthermore, it is hard to foresee anything so flawless. But we promise to do our best, so let’s get started.

Stock	Palantir Technologies
Last Price	$ 71.3 -4.00%
Rank	72
Market Cap	$ 162.4B
24H Trading Volume	$ 25.6M
Exchange	NASDAQ
Open	$ 73.99
Previous Close	$ 73.99
High	$ 76.59
Low	$ 73.37
ATH	$ 80.82 / 2024-12-09
Website	http://www.palantir.com
CEO	Alexander Caedmon Karp
Total Employees	2391
Industry	Packaged Software
Address	1555 Blake Street
City	Denver
State	CO
Country	US
Zip	80202
Phone	1.720.358.3679
Update Time	2024-12-20 05:13:01

Palantir Technologies (PLTR) Stock Price Performance

Palantir Technologies (PLTR) Stock Technical Analysis

All financial markets use moving averages (MA), a well-liked indicator that smoothes price movement over a predetermined period of time. Since they are a trailing indication, past price activity has an impact on them. The simple moving average (SMA) and exponential moving average (EMA) are the two forms of moving averages shown in the table below.

Daily Simple Moving Average (SMA) & Daily Exponential Moving Average (EMA)
Date Calculated:2024-12-20

Weekly Simple Moving Average (SMA) & Weekly Exponential Moving Average (EMA)
Date Calculated:2024-12-20

Palantir Technologies (PLTR) Stock Price Prediction for Today, Tomorrow and Next Week

Palantir Technologies (PLTR) Stock Price Prediction for 2025-2050

Palantir Technologies (PLTR) Stock Price Prediction 2024

With a small growth of 1.76 percent from where it is now, Palantir’s stock is projected to reach $36.98 by October 2024. By the end of the year or early 2025, according to several analysts’ more optimistic projections, the stock price might reach $50.93, a significant increase of more than 40%.

Just why is everyone so upbeat? Evoking a single word: expansion. By fortifying its public-sector collaborations and private-sector endeavours, Palantir keeps building out its AI capabilities. Rather than focusing on the here and now, Palantir’s valuation is future-oriented, with a P/E ratio of roughly 92 (for tech firms, higher is common). Taking the “big picture” into consideration is essential for this stock.

But contracts aren’t the only thing. New avenues of revenue have opened up for Palantir with its most recent foray into commercial AI-driven data solutions. When paired with new product offers and competent leadership, this prognosis appears to be more based in reality than pure wishful thinking.

Palantir Technologies (PLTR) Stock Price Prediction 2025

In 2025, analysts expect Palantir’s stock to reach $50.93, a significant increase of 40.12% from 2024. This projection is dependent on Palantir continuing its strong yearly growth rate over the previous decade.

It is quite probable that the company’s diversification plan, which encompasses the defence, healthcare, and financial industries, will be crucial in driving this expansion. Its foray into artificial intelligence (AI) for business purposes is also likely to provide positive outcomes, which bode well for the stock price.

To further bolster investor confidence, we anticipate positive EBITDA and robust operating cash flow by 2025. On the other hand, IT stocks—particularly Palantir’s—that have large government contracts are often vulnerable to policy shifts and macroeconomic variables.

Palantir Technologies (PLTR) Stock Price Prediction 2030

Things start to get intriguing at this point. An incredible 656.70% growth from the current price, Palantir’s shares might reach $275.06 by 2030. Based on the company’s current 10-year growth trajectory and predicted developments in AI, data analytics, and worldwide expansion, this projection is made.

With its current rate of growth, Palantir is well-positioned to become a data analytics behemoth in both the public and private sectors. The firm is anticipated to have world-class artificial intelligence skills, particularly in the areas of national security and predictive analytics, which would lead to a steady demand for its services.

The catch is that Palantir has to be able to outpace its rivals, and they are fierce. Only then will it be able to experience tremendous growth. Behemoths in the tech industry are pouring resources into related fields, including Google and Amazon. There are hazards, but overall, it’s a positive view.

Palantir Technologies (PLTR) Stock Price History

Palantir Technologies (PLTR) Earnings History

What Factors Impact the PLTR Price?

The Growth and Use of Artificial Intelligence and Machine Learning Platforms by Palantir: The business provides four platforms to its customers to aid in the management, analysis, and security of sensitive data; these complement the AI bootcamps it offers. Incorporating AI into business processes is the primary goal of the first, AIP. Customers are able to automate decision-making in complicated scenarios with Palantir’s operating system for modern companies, Foundry, which bridges the boundary between core business and operational teams, data teams, and modeling teams. Its third platform, Gotham, is world-focused; the business markets it as a decision-making weapons system with broad military and combat uses. In conclusion, the Gotham platform from Palantir is an OS for continuous delivery that prioritizes deployment, or the incorporation of a machine-learning model into a production setting. The modular sales strategy is another area where Palantir is putting a lot of effort to win over smaller clients and help them scale with customer solutions as they expand. Through this method, Palantir will be able to increase its customer base and generate more earnings over a long period of time.

Demand from the government: Since 2020, Palantir’s income from the government has grown at a significantly faster rate than revenue from commercial sources. Revenues received by the government in 2023 totaled $1.222 billion, but revenues received by businesses only totaled $1.002 billion. The US Department of Defense (DoD) and the US Intelligence Community are among the federal clients of the organization. Only five SaaS providers have been allowed by the Department of Defense to support Mission Critical National Security Systems, and Palantir is one of them. The relationship is ripe since the United States government is the company’s biggest client in terms of income, and defense spending is a constant component of the federal budget of the United States. Government demand is Palantir’s primary focus, and the company’s modular sales strategy will allow it to capitalize on both private and public sectors.

Collaborations in space: Palantir and Voyager Space inked a strategic agreement on June 27, 2024, to use Palantir’s artificial intelligence to propel advancements in space technology. As stated in the press release, Voyager will now incorporate Palantir’s AI capabilities into its defense solutions. This will improve communications, military R&D, intelligence gathering, and space research, ultimately leading to the defense community having easier access to space. The Foundry platform put out by Palantir will be utilized by Voyager. After signing an agreement with Starlab Space on June 20, 2024, this is the company’s second strategic space relationship. Palantir was named the sole provider of enterprise-wide software data management solutions for the Starlab commercial space station in this arrangement. Starlab and Airbus are collaborating on a low-Earth orbit venture that is projected to debut no later than 2028.

Is Palantir Stock (PLTR) a Good Investment?

The recent success of Palantir has been widely acknowledged, and the stock price has been rising sharply as a result. We still expect Wall Street analysts to be split on PLTR despite the positive results reports that have been coming out recently.

Although the company’s potential is recognised, some are worried that Palantir may be overvalued given its current price.

Keep in mind that it’s part of the booming field of artificial intelligence, which is likely to have far-reaching effects on our daily lives. The future movement of Palantir’s stock price will be determined by how successful the company performs in this sector.

But ultimately, it will be up to your personal research and evaluation to decide if Palantir is a worthwhile investment. A prudent investor knows better than to risk more money than they can afford to lose.

Will PLTR Hit $100?

Originally priced at $10 a share when it went public in 2020, the stock is now trading at slightly under $22 per counterfoil. It’s a return of 130% when the S&P 500 returned only 67%. With a CAGR of more than 20%, it would take eight years for the share price to reach $100 if current trends continue.

FAQs

1.Is now an ideal time to buy Palantir stock?

The Palantir Stock is a purchase at this price, according to a stock market calculator, if a stop loss of $12.20 is used.

2.Why should you purchase Palantir stock?

Because Palantir’s Stock is bolstered by its sophisticated data analytics technology, strategic partnerships with government agencies and large corporations, and expanding customer base in a variety of industries.

3.Will Palantir Stock Reach $100?

The share price of Palantir is currently below $100. Stock in Palantir won’t hit $100 until much later. Our research indicates that Palantir share prices can rise to $100 by 2033.