PLTR
The valuation panic vs. the growth machine
Palantir is still one of those stocks that makes value investors reach for a stress ball. But this note argues the company’s growth is doing something rare: staying weirdly strong even as the stock already looks expensive.
The analyst’s call is simple: Buy, $183 price target, which points to roughly 41% upside from current levels. That’s not exactly a “cheap stock” pitch. It’s more of a “yes, it’s pricey, but the business might be even pricier later” argument.
What’s actually driving the bull case?
The note points to a handful of growth engines that sound a lot less like Wall Street jargon and a lot more like a company trying to become the operating system for AI work:
- U.S. commercial AIP adoption — companies are still plugging Palantir’s AI tools into their workflows
- Government and defense AI — the classic Palantir lane, still humming
- Sovereign AI infrastructure software — because every country now wants its own AI stack, apparently
- Enterprise renewals across new verticals — the boring-but-important part that keeps the revenue engine from coughing
Why investors should care
The big number tucked into the note is a 2028 EPS estimate of about $2.26. That matters because Palantir is no longer just being traded like a story stock; people are trying to put actual future earnings around the story. And if those growth drivers hold, the current valuation starts looking less like a fever dream and more like an expensive bridge to a bigger profit machine.
Big picture: Palantir remains expensive, sure. But this kind of note says the market may still be underestimating how sticky — and how broad — its growth setup really is.