PLTR
Palantir Technologies Inc.
NASDAQ: PLTR · TECHNOLOGY · SOFTWARE - INFRASTRUCTURE
$127.99
-2.36% today
Updated 2026-06-12
Market cap
$364.80B
P/E ratio
172.92
P/S ratio
69.83x
EPS (TTM)
$0.88
Dividend yield
—
52W range
$119 – $208
Volume
45.6M
Palantir Technologies Inc. (PLTR) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed PLTR price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$127.99
Today
Analyst consensus
$195.16
+52.48% · 12M
2030 Base
$234.51
+83.23% future
NPV today
$134.04
@ 13% WACC
31 analysts:
19 Buy10 Hold3 Sell
Management guidance
CEO Karp has guided to $7.66B revenue for FY2026 (raised from prior $7.41B consensus), implying 71% YoY growth from $4.48B in 2025. Management emphasized AI-driven acceleration in both government and commercial segments, with stated ambition to scale commercial revenue to rival government segment by 2027-2028. No specific 2030 target disclosed, but management tone suggests sustained 30%+ growth through 2027-2028 as AI adoption accelerates.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
PLTR · Palantir Technologies Inc. · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$110.67
NPV today: $63.26
Base case (2030)
$234.51
NPV today: $134.04
Bull case (2030)
$420.27
NPV today: $240.22
WallStSmart.com
PLTR financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $4.5B | $7.7B | $11.2B | $15.4B | $20.1B | $25.8B |
| Revenue growth | 56.2% | 71.0% | 46.0% | 37.0% | 31.0% | 28.0% |
| Net margin | — | 51.6% | 52.5% | 53.2% | 55.0% | 56.2% |
| EPS | $0.75 | $1.58 | $2.35 | $3.28 | $4.42 | $5.80 |
| Diluted shares | — | 2500M | 2500M | 2500M | 2500M | 2500M |
| Net debt | — | $-7.90B | $-9.57B | $-11.85B | $-14.84B | $-18.67B |
| P/S multiple | — | 32.0x | 28.0x | 26.0x | 24.0x | 22.0x |
| Implied price (base) | — | $101.21 | $129.27 | $164.90 | $198.90 | $234.51 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $25.8B | $25.8B | $25.8B |
| P/S multiple | 10.0x | 22.0x | 40.0x |
| Diluted shares | 2500M | 2500M | 2500M |
| Net debt | $-18.67B | $-18.67B | $-18.67B |
| Implied P/E † | 19x | 40x | 73x |
| 2030 Price | $110.67 | $234.51 | $420.27 |
| NPV @ 13% | $63.26 | $134.04 | $240.22 |
† Implied P/E: Multiples remain elevated across all three scenarios because PLTR is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $234.51 base case
PLTR catalysts and risks
Growth catalysts
+ Accelerating commercial AI revenue (management stated ambition to match government revenue by 2027-2028; Q1 2026 commercial up 84.7% YoY to $1.63B)
+ U.S. government defense AI spending surge; Pentagon 'Right to Integrate' program and classified AI/ML workloads (largest customer segment, multi-year contracts)
+ International government expansion in UK, Australia, EU driving new TAM beyond U.S.
+ Enterprise AI platform consolidation trend favoring category leaders; AIP (Artificial Intelligence Platform) adoption inflection
+ Hyperscaler partnerships (OpenAI, Meta, Microsoft cloud deployments) validating platform and expanding TAM
+ Margin expansion from operating leverage (current gross margin 84%, operating margin 38%; path to 50%+ operating margin at scale)
Key risks
- Regulatory/geopolitical scrutiny on data practices (NHS UK access row, potential restrictions on international expansion)
- Valuation compression if growth deceleration perceived (currently P/E 147.8x; any miss to 40% growth could trigger multiple contraction)
- Commercial segment customer concentration risk; slower enterprise adoption of AIP than projected
- Competitive pressure from legacy enterprise software players (Oracle, Salesforce) investing in AI platforms
- Government budget constraints post-2027 if fiscal policy tightens; concentration in U.S. federal spending
- Integration execution risk in international markets; hiring/scaling challenges at rapid growth rates
Methodology · Palantir Technologies Inc. 2030 stock forecast model
Palantir Technologies Inc. 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 31 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (9% cumulative for PLTR by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-18.67B by 2030) |
| 3. Time value | NPV calculated using 13% WACC (CAPM: beta 1.521) |
| 4. Multiple framework | P/S compresses with scale: bear 10.0x / base 22.0x / bull 40.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 20, 2026.
PLTR price target FAQ
What is the PLTR price target for 2030?
WallStSmart's Palantir Technologies Inc. 2030 base case is $234.51 per share, with a bull case of $420.27 and bear case of $110.67. The NPV of the base case discounted to today at 13% WACC is $134.04.
How is the Palantir Technologies Inc. 2030 stock forecast calculated?
The PLTR 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the PLTR price target account for dilution?
Palantir Technologies Inc. is projected to grow diluted share count from 2296M to 2500M by 2030 (a 9% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 9%.
What is the analyst consensus on PLTR stock?
31 analysts cover PLTR with an average 12-month price target of $195.16. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.