Analyst Ratings Coverage
STA Research (Rank #24) on Monday December 4th, issued a research report on Palantir’s stock with a “Sell” rating based on an extended current valuation. The research company also gave the stock a 12 month target forecast of $14 per share.
Palantir Stock Forecast
The stock forecast for Palantir Technologies Inc, based on the analysis of 11 analysts, provides insights into the company’s anticipated performance. The average analyst target price for Palantir Technologies Inc over the next 12 months is USD 14.50. This figure represents the consensus among analysts regarding the future valuation of Palantir’s stock.
Palantir Technologies Inc’s average analyst rating is reported as “Hold.” This suggests a neutral stance among analysts, implying that they do not strongly recommend buying or selling the stock at the current moment. The “Hold” rating may indicate a perception that Palantir’s stock is currently appropriately valued, and analysts are adopting a wait-and-see approach.
Stock Target Advisor’s own analysis of Palantir Technologies Inc is categorized as “Slightly Bearish.” This assessment is based on 5 positive signals and 8 negative signals identified by Stock Target Advisor’s proprietary analysis. The “Slightly Bearish” classification implies a cautious outlook, with more negative signals influencing the analysis.
As of the last closing, Palantir Technologies Inc’s stock price stood at USD 20.27. Over the past week, the stock price has experienced a positive change of +5.57%, indicating short-term upward momentum. Similarly, over the past month, the stock has shown a gain of +7.31%. Notably, over the last year, Palantir’s stock price has surged significantly, registering an impressive +164.62% increase.
The positive trends in the short term, including the recent week and month, suggest a degree of favorable momentum. However, the “Slightly Bearish” overall analysis by Stock Target Advisor, along with the “Hold” rating from analysts, indicates a degree of caution and uncertainty regarding the stock’s future trajectory.
Final Analysis
The outlook for Palantir Technologies Inc’s stock is mixed, with short-term positive momentum but a neutral-to-cautious stance from analysts and Stock Target Advisor. Investors and analysts may closely monitor the company’s performance, market dynamics, and any significant developments that could impact Palantir’s stock valuation.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
