Wedbush Palantir · PLTR

Wedbush Raises Palantir Price Target to $120

Analyst: Dan Ives 1 min read Reproduced verbatim
Rating
Outperform
Target
$120
from $90 (+33%)
Outcome
Reached
on February 18, 2025
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What the analyst said

Wedbush analyst Dan Ives raised the price target on Palantir Technologies Inc.

(NASDAQ: PLTR) to $120 (from $90) while maintaining an Outperform rating.

“There are some transformational tech stocks that come along every decade and change the landscape…Palantir is one of them in our view and proved it for all the tech world to see last night.

Palantir posted earnings that absolutely blew away Street expectations with initial 2025 guidance well ahead of investor expectations.

Palantir is helping lead the AI Revolution into the use case phase as its AIP product moat is unmatched in our view.

Karp & Co. are playing chess in the AI Arms Race while others play checkers and the bears continue to miss this generational tech story as they cannot find AI in their spreadsheets.

We maintain our OUTPERFORM rating while raising our price target from $90 to $120 reflecting a new paradigm ahead for the Messi of AI story.”

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

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 $160. The 18 analysts who set a target in the last 3 months range from $130 to $273, with a median of $250. This $120 target is 52% 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 18, 2025, 14 days after the note.

Firm track recordWedbush: 65% of its 23 targets at least a year old were reached within 12 months (#20 of 26 firms); on Palantir, 5 of 6. Accuracy ranking →

Wedbush on Palantir

Wedbush price targets on Palantir

8 calls from January 23, 2025 to May 5, 2026. The target went from $90 to $230 (+156%). The rating stayed Buy.

Wedbush targetPLTR share price
  1. May 5, 2026Kept the $230 targetBuy$230
  2. February 3, 2026Kept the $230 targetBuy$230
  3. November 3, 2025Target raised from $200 (+15%)Buy$230
  4. August 5, 2025Target raised from $160 (+25%)Buy$200
  5. July 10, 2025Target raised from $140 (+14%)Buy$160
  6. May 6, 2025Target raised from $120 (+17%)Buy$140
  7. February 4, 2025 This noteTarget raised from $90 (+33%)Buy$120
  8. January 23, 2025Earliest call shownBuy$90
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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.