JPMorgan sets Palantir (PLTR) stock price target for 12 months
As Palantir Technologies Inc. (NASDAQ: PLTR ) prepares to report its third quarter (Q3) 2026 earnings on Monday, November 2, 2026, Brian Essex, a Wall Street analyst at JPMorgan Chase & Co. (NYSE: JPM ), expects a bull run to a new all-time high (ATH) over the next 12 months.
On Thursday, October 29, Essex initiated coverage on Palantir stock with an ‘Overweight’ rating and a 12-month price target of $262. As a result, the analyst implied a possible 31.98% rise over the next 12 months.
The bullish thesis is anchored in Palantir’s accelerating operational momentum, amid renewed demand for artificial intelligence ( AI ). Furthermore, the bank highlighted the company’s 12 consecutive quarters of revenue growth that reached 93% year-over-year to $1.93 billion.
Is Palantir a good stock to buy?
On Thursday, Anthony Valentini, a researcher at Barclays PLC (NYSE: BCS ), reiterated a ‘Buy’ rating for PLTR and set a 12-month price target of $265.
Earlier today, Param Singh, an expert at Oppenheimer , assigned a ‘Buy’ rating for Palantir stock. Additionally, Singh raised his 12-month price target for PLTR to $235 from $200.
Palantir stock forecast. Source: TipRanks
As such, 25 Wall Street analysts surveyed by TipRanks over the past 3 months have set an average 12-month price target of $218.95.
PLTR stock price prediction. Source: TipRanks
PLTR stock price performance
After a 55% rally during the third quarter of 2026, Palantir stock soared to a new ATH of around $213.26 earlier in October.
PLTR stock performance for the past 12 months. Source: TradingView
Following the renewed bullish sentiment over the past few months, the company has seen its market capitalization grow to about $472.9 billion at the time of reporting.
As Wall Street anticipates the company to report strong earnings next week, analysts are confident of a breakout to another ATH over the next 12 months.
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