Palantir is the developer of popular data analysis software. The company uses artificial intelligence technologies to analyze data. Palantir software is in demand among investment banks, hedge funds and intelligence agencies. At the moment, the company is operating at a loss (loss for the first quarter of 2022 amounted to -$101 million). Analysts predict that Palantir will reach a net profit in the coming years.
On June 23, 2022, analysts at Goldman Sachs released the latest price target for Palantir Technologies (NYSE: PLTR) stock at $10 for the next 12 months. Over the past year, 12 analyst firms have published Palantir Technologies (NYSE: PLTR) stock forecasts for 2023. The analyst price target is $12 for the next 12 months. The general consensus forecast is to buy. Possible upside potential is 27%.