As of 22 November 2025, Palantir Technologies Inc. (NASDAQ: PLTR) sits near $155 per share, down from an all‑time high above $207 earlier this month but still up well over 100% year to date. [1] Its market value hovers around $370–400 billion, placing Palantir among the most valuable software companies in the world and one of the most expensive stocks in the S&P 500 on a price‑to‑sales basis. [2]
At the same time, the company just posted record revenue and profit, raised its 2025 sales outlook again, and is leaning hard into its Artificial Intelligence Platform (AIP), which management says is driving “otherworldly” growth. [3]
This article pulls together the latest news, earnings, and Wall Street forecasts to outline how Palantir’s stock could behave into the end of 2025, and what factors are most likely to move PLTR in the short term. It is informational only and not financial advice.
1. Where Palantir Stock Stands Today
- Current price (Nov 22, 2025): about $154.85
- 52‑week range: roughly $63.40 – $207.52 [4]
- Market cap: around $370B+, making Palantir a top‑30 global public company by value. [5]
- Index membership: Palantir is now a component of the Nasdaq‑100, S&P 100 and S&P 500. [6]
On valuation, most data providers show:
- Trailing P/E: in the 300+ range
- Forward P/E: well over 150
- Forward price‑to‑sales: around 80–90× expected revenue, the highest in the S&P 500 according to The Economist. [7]
So even after the pullback from all‑time highs, Palantir is priced for near‑perfection. That tension between explosive AI‑driven growth and extreme valuation is the core of any Palantir stock forecast for the rest of 2025.
2. How Palantir Re‑Ignited Growth in 2025
After a slowdown in 2022–2023 (growth briefly dipped to ~13% year over year), Palantir used the AI boom to completely re‑accelerate its business. [8]
Key points from 2025 so far:
- Q1 2025: revenue growth re‑accelerated to ~39% YoY, with customer count up ~39% to about 769. [9]
- Q2 2025: revenue jumped 48% YoY to just over $1 billion, driven by demand for AI solutions across U.S. commercial and government customers. [10]
- Q3 2025: growth went into overdrive:
The engine behind this is Palantir’s Artificial Intelligence Platform (AIP) and its “bootcamp” go‑to‑market strategy:
- AIP wraps and governs large language models (LLMs) and other AI tools around an organisation’s actual operational data, rather than just chat interfaces. [13]
- AIP Bootcamps are 1–5 day, hands‑on sessions where Palantir teams drop into a customer, connect to real data and build live AI use cases in days instead of months. [14]
- This has collapsed sales cycles, created hundreds of pilots, and dramatically increased large deal counts in U.S. commercial business. [15]
Net result: Palantir went from a slow‑growth data‑analytics firm to a hypergrowth, highly profitable AI infrastructure platform in roughly two years.
3. Recent Earnings: Q3 2025 Beat and Raised Guidance
Several major outlets – including Reuters, The Wall Street Journal, MarketWatch and Investopedia – all highlight the same core story: Q3 2025 was Palantir’s strongest quarter ever. [16]
Q3 2025 key numbers
- Revenue: about $1.18 billion, +63% YoY
- Adjusted EPS: $0.21, beating expectations around $0.17 [17]
- GAAP EPS: about $0.18 per share
- GAAP operating margin: ~33%
- Net income: roughly $475–476 million, a record for the company [18]
- Rule of 40 (growth + margin): around 114, an elite score in software. [19]
Guidance raised again
Following these results, Palantir raised its 2025 outlook for the third time this year:
- Q4 2025 revenue: now projected between $1.327–$1.331 billion, implying around 61% YoY growth and beating consensus estimates of ~$1.19 billion. [20]
- Full‑year 2025 revenue: now expected between $4.396–$4.40 billion, up from earlier ranges around $4.1–$4.15 billion and far above original 2025 guidance early in the year. [21]
Management still calls demand for AIP “otherworldly” and characterises the U.S. commercial business as a “juggernaut,” with the company now making more profit in a single quarter than it did in entire early years. [22]
4. Wall Street’s Palantir Stock Forecast Through 2025
Despite the blockbuster numbers, analyst opinion is sharply divided.
Consensus ratings and 12‑month price targets
Across major aggregators:
- Overall rating: typically “Hold” / “Neutral”
- Average 12‑month price target: generally in the $167–$188 range
- High target: around $255
- Low target: around $50 [23]
One recent MarketBeat summary, for example, shows:
- 24 analysts covering the stock
- 5 Buy, 17 Hold, 2 Sell
- Average target: ~$172 (a modest premium to today’s price) [24]
Other platforms show similar patterns: modest upside on average, huge dispersion between bulls and bears.
Big-name bullish calls
- Bank of America recently raised its Palantir target from $180 to $215, arguing that Palantir’s “agentic AI” plus forward‑deployed engineers is a “secret sauce” that could support more than $10 billion in commercial sales by 2030. [25]
- Wedbush earlier in the year called Palantir a “top stock to own in 2025” with an Outperform rating and a (then) $120 target, seeing it as a key beneficiary of rising federal AI spending. [26]
Cautious and bearish perspectives
- Several outlets and analysts focus on valuation: The Economist has described Palantir as “possibly the most overvalued firm of all time,” trading at about 85× expected forward annual sales and hundreds of times trailing earnings. [27]
- MarketWatch, Reuters and others repeatedly highlight that Palantir trades at a forward P/E many times higher than Nvidia’s, even after the recent pullback. [28]
In short, Wall Street’s Palantir forecast into 2025 is “growth yes, valuation… maybe.” The numbers are strong, but a lot of that strength is already reflected in the share price.
5. Fundamental Drivers for Palantir Stock Into Year-End 2025
Between now and 31 December 2025, the share price is likely to be steered by a handful of key themes rather than new multi‑year forecasts.
5.1. AIP adoption and commercial expansion
Bullish driver #1 is whether Palantir can sustain its U.S. commercial hypergrowth:
- Q3 2025 U.S. commercial revenue: +121% YoY
- Customer count overall: +45% YoY and still accelerating [29]
- Bootcamp‑driven sales cycles now often close in days instead of months, dramatically improving deal velocity and unit economics. [30]
If Q4 numbers confirm that this demand remains intact or even strengthens, bulls will argue that today’s valuation is the price of market leadership in enterprise AI.
5.2. Government and defense contracts
Palantir’s government and defense business remains a massive pillar:
- U.S. government revenue in Q2 and Q3 2025 grew more than 50% YoY, benefiting from higher national security spending and large multi‑year contracts. [31]
- The company has signed or is competing for multi‑billion‑dollar defense programs, including a U.S. Department of Defense contract reportedly worth up to $10 billion over ten years, as well as work with NATO‑aligned militaries in Europe. [32]
Geopolitical tensions and defense modernisation efforts could sustain or even increase this stream of high‑margin revenue into 2026, which supports bullish year‑end expectations. But if budgets tighten or contracts are delayed, sentiment can swing quickly.
5.3. Nvidia partnership and AI infrastructure tailwinds
Palantir’s role as a sort of “operating system” for AI in the enterprise has been reinforced by a deepening partnership with Nvidia:
- Nvidia CEO Jensen Huang has publicly highlighted Palantir as a key partner enabling enterprises to operationalise AI workloads on Nvidia hardware. [33]
If enterprises continue standardising on “Nvidia + Palantir” for AI deployments, that narrative can be a powerful support for PLTR’s premium multiple – especially in an environment where investors are looking for the next wave of AI winners beyond GPUs.
5.4. Technical picture and recent pullback
From a purely technical perspective:
- PLTR hit an all‑time closing high around $207 on 3 November 2025. [34]
- Since then, shares are down roughly 15–20%, with some technical analysts warning about a possible “death cross”if selling pressure persists. [35]
This matters for the forecast into year‑end because a lot of shorter‑term traders and momentum funds watch these levels closely. A continued correction could drag the stock towards key moving averages even if fundamentals remain strong.
6. Palantir Stock Price Scenarios Through the End of 2025
Forecasting a single precise price is unrealistic, especially for a high‑beta AI stock. Instead, it’s more useful to think in scenarios based on the drivers above.
These are not predictions or advice, just illustrative frameworks investors commonly discuss.
6.1. Bull case (sentiment recovers, fundamentals stay “otherworldly”)
In a bullish near‑term scenario, the following happen:
- Q4 2025 results in February confirm >60% revenue growth, strong U.S. commercial expansion and sustaining 30%+ operating margins. [36]
- AI infrastructure and megacap tech stocks regain momentum into December, pulling Palantir up as a “pure‑play AI winner.”
- Interest‑rate expectations stay benign or move more dovish, keeping pressure off high‑multiple growth stocks.
In this case, Palantir could plausibly:
- Trade back toward the $180–$200 range – essentially retesting or approaching prior highs – if investors are comfortable continuing to pay 80×+ forward sales for accelerating growth.
- See more incremental target upgrades from bullish brokers (following Bank of America’s $215 call). [37]
The constraint on the bull case is valuation gravity: even some fans argue that further upside from here likely requires long‑term earnings estimates to rise meaningfully, not just short‑term beats.
6.2. Base case (range‑bound consolidation after a huge run)
In a more moderate outcome:
- Q4 numbers remain strong but not dramatically above expectations – growth maybe edges down from 63% to the low 50s as the law of large numbers kicks in. [38]
- The market digests 2025’s massive rally, AI enthusiasm stays high but less euphoric, and valuation talk becomes louder.
Here, Palantir might:
- Trade in a wide band – for example somewhere between $130 and $180 – as buyers and sellers battle over how to price 2026–2027 growth.
- See little net move into year‑end despite volatility, even as fundamentals continue to improve.
This sort of sideways consolidation is common after a stock has more than doubled in a year and broken to all‑time highs. [39]
6.3. Bear case (valuation compresses, growth expectations cool)
In the bear scenario:
- Macro risk or AI sentiment sours – perhaps triggered by an AI spending slowdown at big customers or a broader tech sell‑off.
- Investors decide Palantir’s valuation is simply too extreme and start comparing it unfavourably to other mega‑cap software and AI names.
If the market re‑rates Palantir closer to still‑rich but less extreme levels (for example, shifting from ~80× forward sales toward 30–40×), the stock could:
- Pull back toward prior support zones well below current prices, potentially revisiting or even dipping under the $100–$120 area seen earlier in 2025.
- See some analysts cut targets toward the lower end of the existing range (around $50–$100) if growth decelerates faster than expected. [40]
It’s important to note that even in a bear case, many analysts still expect Palantir’s revenue and profits to grow – the debate is mainly about what multiple investors are willing to pay.
7. Key Risks That Could Hit Palantir Stock
Any realistic Palantir stock forecast into the end of 2025 has to include the downside risks.
7.1. Extreme valuation risk
- Forward earnings and sales multiples that are multiples of Nvidia’s leave little room for disappointment. [41]
- If AI enthusiasm fades or growth merely slows to “normal high” (e.g., 30–35%), Palantir could suffer a significant multiple compression even while revenue keeps rising.
7.2. Dependence on government and conflict‑driven demand
- A large chunk of Palantir’s business is tied to U.S. and allied government agencies, including defence and intelligence. [42]
- Shifts in defence budgets, procurement rules, or political attitudes toward surveillance and AI in warfare could slow contract wins or renewals.
7.3. Regulatory, privacy and geopolitical scrutiny
- Palantir’s involvement in security, immigration, and law‑enforcement analytics has made it a lightning rod for civil liberties and privacy concerns, particularly in Europe. [43]
- The company has even advised clients against using certain foreign AI models (e.g., Chinese startup DeepSeek) due to national security concerns, underscoring how entangled it is with geopolitics. [44]
Regulatory crackdowns on AI, data usage or government surveillance could constrain growth or add costs.
7.4. Competition from big cloud and AI platforms
- Hyperscalers like Microsoft, Google, Amazon and others are investing heavily in AI data platforms that could compete with parts of Palantir’s stack. [45]
- If enterprises find they can replicate Palantir‑style outcomes using general‑purpose cloud AI tools, Palantir’s pricing power and deal sizes could come under pressure.
7.5. Insider selling and concentration
- Founders and early insiders have sold sizeable blocks of stock as the price has soared, including co‑founder Stephen Cohen reducing his stake in early 2025. [46]
- While such selling is common after big run‑ups, persistent large insider sales can weigh on sentiment, especially for retail‑heavy names like PLTR.
8. How Investors Are Framing Palantir Going Into 2026
Different types of investors tend to view Palantir’s late‑2025 setup differently:
Growth and AI‑focused investors
- See Palantir as one of the clearest pure‑play enterprise AI winners, now combining:
- Hypergrowth (60%+ revenue growth)
- High profitability (30%+ operating margins, strong free cash flow)
- A deep moat in data, ontology, and long‑term government relationships. [47]
- Many are willing to tolerate or even embrace extreme valuations if they believe Palantir can 10× revenue by the early 2030s.
More value‑oriented or risk‑conscious investors
- Focus on the fact that even good news sometimes sends the stock down, as happened when Q3’s record results were followed by a sell‑off due to valuation concerns. [48]
- Worry that Palantir might be priced for AI perfection, in which case even small mis‑steps (slower growth, margin pressure, lost bids) could lead to sharp drawdowns.
Short‑term traders
- Watch technical levels like the recent all‑time high (~$207), the 50‑day and 200‑day moving averages, and potential patterns like a death cross flagged by some technical commentators. [49]
- For them, volatility is the feature, not the bug: Palantir has already shown large multi‑day moves both up and down around earnings, macro headlines, and AI news.
9. Bottom Line: Palantir Stock Forecast to End of 2025
Putting it all together:
- Fundamentally, Palantir is executing at an exceptional level:
- Revenue growth accelerating from high‑teens to 60%+
- U.S. commercial growth triple‑digit
- Rising profitability and high Rule‑of‑40 scores
- Repeated raises to 2025 revenue guidance, now around $4.4 billion [50]
- Sentiment‑wise, the stock is polarising:
- Bulls see Palantir as a core infrastructure layer for AI‑driven organisations.
- Bears point out that PLTR is one of the most expensive stocks in the world on forward sales and earnings multiples. [51]
- Near‑term (into year‑end 2025), the most realistic expectation is continued volatility inside a wide range, driven by:
- Macro/AI sentiment
- Any new large contract announcements
- Evolving analyst targets and institutional positioning
- Technical trading around prior highs and key moving averages
For anyone analysing Palantir, the key questions into the end of 2025 are:
- Can U.S. commercial and AIP‑driven growth stay above 50–60% YoY for multiple more quarters?
- How long will investors accept 70–90× forward sales multiples, even for a category leader?
- Will regulatory and geopolitical risks remain tailwinds (more contracts) or become headwinds (more scrutiny)?
Your own view on those questions will likely matter much more than any single price target.
Important disclaimer
This article is for informational and educational purposes only. It is not investment advice, a recommendation to buy or sell any security, or a substitute for personalised financial guidance. All investing involves risk, including the possible loss of principal. Always do your own research or consult a licensed financial adviser before making investment decisions.
References
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