Highlights:
- Palantir Technologies teams up with Tomorrow.io to boost AI-driven weather services.
- Analysts predict a significant downside for PLTR based on current price targets.
- Current average brokerage recommendation for PLTR is "Hold".
Palantir Technologies Inc. (PLTR) is taking decisive steps to cement its position in AI and data analytics, announcing a strategic alliance with Tomorrow.io. This partnership is poised to elevate AI-driven weather prediction capabilities, specifically targeting the defense and government sectors. Tomorrow.io's inclusion in Palantir's esteemed FedStart program marks a significant milestone in its endeavors to expand within U.S. federal operations.
Wall Street Analysts' Projections
Wall Street's 20 analysts have set their sights on Palantir Technologies Inc's one-year price targets. The projections reveal an average target price of $104.51, with the scope ranging from a high of $155.00 to a low of $40.00. This average target suggests a potential downside of 24.36% from its present trading price of $138.17. Interested investors can explore more intricate estimate data on the Palantir Technologies Inc (PLTR, Financial) Forecast page.
The current average brokerage recommendation for PLTR, based on insights from 24 brokerage firms, stands at 2.9, reflecting a "Hold" status. On a scale from 1 to 5, where 1 denotes a Strong Buy and 5 indicates a Sell, this places Palantir in a neutral investment zone.
GuruFocus Valuation Insights
Turning to GuruFocus estimates, the anticipated GF Value for Palantir Technologies Inc in the upcoming year is $31.92. This projection indicates a notable downside of 76.9% from its current market price of $138.1701. The GF Value represents GuruFocus' approximation of the stock's fair market value, calculated considering historical trading multiples, past business growth, and future performance forecasts. For comprehensive data, interested parties can explore the Palantir Technologies Inc (PLTR, Financial) Summary page.
