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Palantir Technologies: Is PLTR Stock Still a Buy After Hitting a New 52-Week High?
ByAinvest
Friday, Aug 8, 2025 11:04 am ET1min read
Palantir Technologies (PLTR) stock has surged 135% YTD and hit a new 52-week high after Q2 results. Analysts maintain a Hold rating and have raised price targets, but the high valuation remains a concern. The average target price is $152.5, implying a potential downside of 15% from current levels. Investors can secure strong profits by selling the stock or hold for further growth, but the upside potential appears limited after a massive 580% surge over the past 12 months.
Palantir Technologies (PLTR) stock has surged 135% year-to-date (YTD) and hit a new 52-week high following its second-quarter earnings report. The AI-driven data analytics software company posted second-quarter revenue of $1 billion, up 48% year-over-year, and adjusted earnings of 16 cents per share, which exceeded analysts' forecasts of 14 cents [1].Palantir's stock price reached a new all-time high of $180 on July 8, marking a year-to-date growth of 139% [1]. The company's U.S. commercial segment nearly doubled to $306 million, contributing significantly to its revenue growth [1]. Additionally, the U.S. government segment saw revenues jump 53% from the year-ago period to $426 million [1].
Analysts have maintained a Hold rating on the stock but have raised their price targets in response to the strong earnings. Veteran fund manager Chris Versace, who oversees TheStreet Pro's portfolio, lifted his price target for Palantir to $190 from $160 after reviewing the company’s earnings [1]. Jim Cramer also noted the impressive performance, highlighting the company's U.S. commercial momentum and improved efficiency [1].
However, the high valuation remains a concern for investors. The average target price of $152.5 implies a potential downside of 15% from current levels. While investors can secure strong profits by selling the stock or holding for further growth, the upside potential appears limited after a massive 580% surge over the past 12 months.
References:
[1] https://www.thestreet.com/investing/veteran-fund-manager-turns-heads-with-palantir-stock-price-target
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