Citi Affirms Neutral on Palantir, $42 Price Target
- Rating
- Neutral
- Unchanged
- Target
- $42
- Outcome
- Missed
- within 12 months
What the analyst said
Citi analyst Tyler Radke reiterated a Neutral rating and $42 price target on Palantir Technologies Inc.
(NASDAQ: PLTR).
“We are updating our model to reflect incremental dilution following Stock Appreciate Rights (SARs) impact of approximately $120M in SBC.
This incremental SBC decreases our GAAP EPS estimate for 4Q24 by $0.04.
We expect slightly smaller beat cadence vs last Q due to weaker Govt seasonality, our Govt deal tracker, which declined ~60%, and US Commercial that is lapping a tough comp.
These changes do not have material impact to our non-GAAP estimates, keeping our Target Price unchanged at $42.
We believe that Palantir is well positioned to benefit from increased Enterprise and Government demand for data modernization and GenAI projects.
The company’s revamped commercial business is helping accelerate new customer acquisition and improve U.S. commercial growth.
That said, the company is still facing headwinds from SPAC investments/revenue agreements over the past few years, and Government revenue has been sluggish, which has led to more modest total growth rates.”
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This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
Where the price stands
PLTR trades at $174. The 17 analysts who set a target in the last 3 months range from $130 to $265, with a median of $250. This $42 target is 83% below the median, the lowest on the Street.
Since the note PLTR has moved +111% (from $82.49). The 12-month window closed on February 3, 2026.
Track record
This call✗ Not reached within 12 months: a year after the note PLTR closed at $158, 276% above the $42 target, and it moved the other way.
Firm track recordCiti: 88% of its 40 targets at least a year old were reached within 12 months (#4 of 26 firms); on Palantir, 1 of 3. Accuracy ranking →
Citi on Palantir
Citi price targets on Palantir
7 calls from February 3, 2025 to November 3, 2026. The target went from $42 to $265 (+531%). The rating moved from Hold to Buy.
- November 3, 2026Target raised from $245 (+8%)Buy$265
- August 4, 2026Target cut from $260 (−6%)Buy$245
- February 3, 2026Target raised from $235 (+11%)Buy$260
- January 12, 2026Upgraded to Buy, target raised from $190 (+24%)Buy$235
- October 28, 2025Target raised from $115 (+65%)Hold$190
- June 12, 2025Target raised from $42 (+174%)Hold$115
- February 3, 2025 This noteEarliest call shownHold$42
