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1 day agoPalantir Stock Looks Oversold, But is a 89% Year-Ahead Gain Realistic?
Palantir shares appear oversold, with analysts maintaining high price targets despite recent declines.
EGRAG says each of these cycles hit its projected target before the next one started, and that consistency is why he applies the same logic to the current setup. He's not saying $42 is the next stop, though. EGRAG's own intermediate targets are much lower-$4.50 if the breakout confirms, $10-$13 if the rally extends into a full expansion, and $23-$27 if XRP reaches a cycle peak similar to past tops.
HSBC also raised the price target on the stock to a Street-high of $320, up from $200. The new target implies upside of nearly 80% from Nvidia's last close of $180.03. Hitting that target would translate to a market capitalization close to $8 trillion, compared with about $4.37 trillion currently. We expect AI GPU TAM to keep increasing beyond hyperscalers, leading to continuous earnings growth, analyst Frank Lee wrote, referring to the total addressable market for the processing chips.
We forecast Q2 revenue growth of 16% (year over year), roughly 2% above consensus, driven by continued video monetization and engagement gains. We see Meta's recent AI investment and hires as a response to mixed Llama 4 reception, as Meta increases AI capabilities to drive core advertising business and Business AI tools.