The Wedbush analysts called Palantir one of their “top names to own in 2025,” in a note to clients Thursday, adding they believe the company could become “the next Oracle or Salesforce” and reach a market cap in the trillions of dollars in the years to come. Their price target of $120 represents a nearly 13% premium to Thursday’s intraday price.
Loop Capital analysts were even more bullish on the stock, reportedly initiating coverage Wednesday with a $141 price target, calling it a “game-changing software stock.” They also advised clients to view a pullback in the stock’s price as a buying opportunity.
This week’s selloff dragged Palantir stock into correction territory, with shares down 14% from their record-high close Tuesday. Still, they’ve more than quadrupled in value over the past 12 months.
