HSBC Palantir · PLTR

HSBC Raises Palantir Price Target to $96

Analyst: Stephen Bersey 1 min read Reproduced verbatim
Rating
Hold
Target
$96
from $38 (+153%)
Outcome
Reached
on February 4, 2025
HSBC and Palantir logos

What the analyst said

HSBC analyst Stephen Bersey raised the price target on Palantir Technologies Inc.

(NASDAQ: PLTR) to $96 (from $38) while maintaining a Hold rating.

“Palantir released strong 1Q25 and 2025 guidance, implying y-o-y revenue growth of 36% and 31%, non-GAAP operating profit growth of 57% and 38%, and OPM of 41% and 42%, respectively, and guidance came in significantly ahead of consensus and our expectations.

With the company witnessing ongoing strength in AI demand in US, we think there is a possibility of a guidance upgrade over 2025.

While we were positively surprised by the strong OPM in 4Q24, guidance implies margins normalizing to lower, yet still robust, levels in 2025 and we think the company is approaching a ceiling to OPM, which could restrict EPS growth.

Moreover, we think the market is allocating a large valuation premium to AI companies like Palantir which is currently trading at eye-wateringly high valuation (2025e: 151x PE, 6x PEG, 46x EV/Sales).

We, therefore, see downward risk of a potential derating from current levels.”

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Where the price stands

PLTR trades at $160. The 18 analysts who set a target in the last 3 months range from $130 to $273, with a median of $250. This $96 target is 62% below the median, the lowest on the Street.

Since the note PLTR has moved +92% (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 recordHSBC: 60% of its 20 targets at least a year old were reached within 12 months (#25 of 26 firms); on Palantir, 2 of 2. Accuracy ranking →

HSBC on Palantir

HSBC price targets on Palantir

4 calls from February 4, 2025 to May 1, 2026. The target went from $96 to $205 (+114%). The rating stayed Hold.

HSBC targetPLTR share price
  1. May 1, 2026Downgraded to HoldHoldNo target
  2. February 3, 2026Upgraded to Buy, target raised from $181 (+13%)Buy$205
  3. August 6, 2025Target raised from $96 (+89%)Hold$181
  4. February 4, 2025 This noteEarliest call shownHold$96
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Other analysts on Palantir

BarclaysBuy Raised price target +3%, kept rating Nov 4 $273from $265 Bank of AmericaBuy Kept rating and price target Nov 4 $255maintained StoneXHold Kept rating Nov 3 Goldman SachsBuy Kept rating and price target Nov 3 $235maintained RosenblattBuy Kept rating and price target Nov 3 $260maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.