1 Wall Street Analyst Believes Palantir Will More Than Double in a Year. Is She Right?
Yahoo Finance ·
Palantir ( PLTR +4.13% ) stock has been a dud so far in 2026. As of Wednesday's close, it was down around 30% year to date, and off about 8% over the past 12 months. That's particularly disappointing after the impressive returns it gave investors from 2023 to 2025. However, there are still plenty of calls for Palantir stock to deliver jaw-dropping returns over the next year. Currently, the stock trades for about $126 per share, but Bank of America ( BAC +0.03% ) analyst Mariana Perez Mora has a price target of $255 per share on the stock. That's a one-year price target, and Palantir obviously would have a long climb to make before it could hit that mark. But if Bank of America and Mora are right, the stock is about to more than double in the next year. Palantir got its start as an AI-powered data analytics company. Originally, its software was designed strictly for use by government agencies and militaries. The company's expansion into catering to commercial clients came relatively recently. While government contracts are still the core of its business, Palantir has evolved to become a generative AI company that helps businesses interweave AI solutions into their operations.
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