Rosenblatt reiterated a “buy” rating with a price target of $200 Palantir (Nasdaq: Belter) on Wednesday, March 25, noting that the Golden Dome alone could generate billions for the software company.
Analyst John McPeak cited historical patterns where 20-50% of spending on similar defense programs has gone to software, suggesting that Palantir could capture a significant portion of the $185 billion spent on Defense Shield, being the lead developer (with Anduril).
“We believe the Golden Dome supports the Street’s upside and is more in line with — or better than — our 2026 to 2028 consensus forecast.” McPeek wrote.
Additionally, the analyst forecast for Palantir’s 2026-2028 government revenue is $18.2 billion, nearly 25% above the Street consensus.
Wall Street Palantir Stock Forecast
However, analyst coverage of Palantir is somewhat mixed. Piper Sandler and Wedbush also maintained ‘overweight/outperform’ ratings this week, with a $230 price target, but Cantor Fitzgerald is ‘neutral’, while Jefferies recently recommended a sell.
However, institutional interest remains strong. For example, Norges Bank opened a new stake worth $5.15 billion in the fourth quarter, while Vanguard owns 213.9 million shares of PLTR, although government revenues alone are now expected to slow to 42% in 2026 and 31% in 2027.
Additionally, Palantir’s Maven intelligent system was officially designated on March 20 as the Pentagon’s standard system for battlefield command and control. Unsurprisingly, optimists believe this could enhance the company’s role in future US defense planning.
Palantir’s new target price
As a result of this week’s analysis notes, the average price target for Palantir stock for next year now sits at $194.61. That is, a total of twenty analysts see the stock rising by 34.16% from current levels, according to TipRanks Data.
Of the twenty, fourteen analysts recommend buying, four recommend holding, and only two recommend selling the stock. Accordingly, Palantir is rated a Moderate Buy.
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