Palantir stock has declined 33% from its all-time high, but 60% of Wall Street analysts rate it a buy, with some seeing 86% upside as agentic AI demand accelerates.

Palantir Technologies launched its Artificial Intelligence Platform (AIP) in 2023 and is guiding for 120% revenue growth from commercial U.S. customers in 2026. The stock has risen over 2,000% since 2023.

Palantir's software functions as an operating system that analyzes organizational data and can oversee AI agents (digital workers that perform tasks in place of humans). According to Grand View Research, the Enterprise Agentic AI market could grow by more than 46% annually, hitting $24.5 billion by the end of this decade.

Of 30 Wall Street analysts surveyed, 60% rate the stock a buy. Despite the stock trading at 67 times sales and 155 times earnings, analysts see Palantir earnings growing by more than 50% annually over the next three to five years.