Cantor Fitzgerald Raises Palantir Price Target to $98
- Rating
- Neutral
- Target
- $98
- from $72 (+36%)
- Outcome
- Reached
- on February 4, 2025
What the analyst said
Cantor Fitzgerald analyst Thomas Blakey raised the price target on Palantir Technologies Inc.
(NASDAQ: PLTR) to $98 (from $72) while maintaining a Neutral rating.
“We reiterate our Neutral rating and raise our PT to $98 from $72 on PLTR shares following a strong 4Q24 beat and raise.
The U.S. is leading the charge, with upside from both Commercial and Government, and we were impressed with the ramp in new customer accounts, which we attribute to continued success with Ontology but also driven by Palantir’s AIP (Artificial Intelligence Platform), its low-code, AI app, AI agent dev platform.
Scale is a bear thesis point (i.e., mix of Services vs. Software) and Palantir posted a Rule of 81 (rev growth + OM%) in 4Q24 and Rule of 68 for CY24.
We continue to view Palantir as a leader in AI, and with its notion of quantified exceptionalism as well as our positive checks corroborating said quantifiable improvements, we believe Palantir is early in its journey of transforming industries and governments with its enterprise software and services offering.
Our new PT is $98, or 50x CY26E EV/Rev (vs. 40x, previously), compared to broader software trading at ~8x, supporting our Neutral rating on PLTR shares.”
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Where the price stands
PLTR trades at $175. The 17 analysts who set a target in the last 3 months range from $130 to $265, with a median of $250. This $98 target is 61% below the median, the lowest on the Street.
Since the note PLTR has moved +110% (from $83.74). The 12-month window closed on February 4, 2026.
Track record
This call✓ Target reached on February 4, 2025, 0 days after the note.
Firm track recordCantor: 79% of its 53 targets at least a year old were reached within 12 months (#11 of 26 firms); on Palantir, 4 of 4. Accuracy ranking →
Cantor on Palantir
Cantor price targets on Palantir
8 calls from January 17, 2025 to May 22, 2026. The target went from $72 to $138 (+92%). The rating stayed Hold.
- May 22, 2026Kept the $138 targetHold$138
- May 5, 2026Target cut from $198 (−30%)Hold$138
- February 3, 2026Kept the $198 targetHold$198
- November 4, 2025Target raised from $155 (+28%)Hold$198
- August 5, 2025Target raised from $110 (+41%)Hold$155
- May 6, 2025Target raised from $98 (+12%)Hold$110
- February 4, 2025 This noteTarget raised from $72 (+36%)Hold$98
- January 17, 2025Earliest call shownHold$72
