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Palantir Technologies (PLTR, Application Software) Stock Valuation & Fair Value Weak on forward returns

Palantir Technologies (PLTR, Application Software) trades at a blended P/E of 135.8, about 2% below its historical normal valuation, with a forward growth estimate of 46.3% and a PEG of 2.93. Priced at its historical normal P/E of 138.5 on the same blended earnings, the 2026-10-02 close of $188.75 corresponds to about $193 a share. This is a valuation reference, not a price target.

DATA AS OF 2026-10-05
Blended P/E
135.8
Normal P/E
138.5
PEG
2.93
Fwd growth
46.3%
Div yield
0.0%
RSI (14)
70.0
Neutral
Technical context
  • Price $198.78 at the 2026-10-08 close, 7.5% above the 20-day average ($184.91) and 13.4% above the 50-day ($175.24).
  • RSI (14) at 70.0.
  • 52-week range $107.27 to $207.18: the price is 4.1% below the high and 85.3% above the low.
  • At its last earnings report the options market priced a 15% move.

The Street vs SeerForecast

Wall Street's mean price target for PLTR is $195.57 across 26 analysts, 1.6% below the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: weak on forward returns. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating moved from mixed on our tests (2026-06-03) to weak on forward returns (2026-10-05).

Blended P/E and rating by weekBlended P/E moved from 139.2 to 135.8 between 2026-06-03 and 2026-10-02, against a normal P/E of 138.5, with 1 rating change over 37 recorded weeks.2026-06-03: P/E 139.2, Mixed on our tests, recalculated for the week of 2026-06-032026-06-10: P/E 129.2, Mixed on our tests, recalculated for the week of 2026-06-102026-06-12: P/E 129.2, Mixed on our tests, recalculated for the week of 2026-06-142026-06-16: P/E 129.2, Mixed on our tests, recalculated for the week of 2026-06-162026-06-18: P/E 129.2, Mixed on our tests, recalculated for the week of 2026-06-212026-07-02: P/E 114.4, Mixed on our tests, recalculated for the week of 2026-07-022026-07-06: P/E 117.4, Mixed on our tests, recalculated for the week of 2026-07-062026-07-09: P/E 117.4, Mixed on our tests, recalculated for the week of 2026-07-092026-07-10: P/E 113.6, Mixed on our tests, recalculated for the week of 2026-07-122026-07-13: P/E 113.6, Mixed on our tests, recalculated for the week of 2026-07-132026-07-14: P/E 113.6, Mixed on our tests, recalculated for the week of 2026-07-142026-07-20: P/E 117.7, Mixed on our tests, recalculated for the week of 2026-07-202026-07-22: P/E 117.7, Mixed on our tests, recalculated for the week of 2026-07-222026-07-24: P/E 108.1, Mixed on our tests, recalculated for the week of 2026-07-252026-07-27: P/E 108.1, Mixed on our tests, recalculated for the week of 2026-07-272026-07-31: P/E 106.4, Mixed on our tests, recalculated for the week of 2026-07-312026-07-31: P/E 106.9, Mixed on our tests, recorded live 2026-08-032026-08-07: P/E 124.0, Mixed on our tests, recalculated for the week of 2026-08-072026-08-07: P/E 136.5, Weak on forward returns, recorded live 2026-08-102026-08-14: P/E 140.5, Weak on forward returns, recalculated for the week of 2026-08-142026-08-14: P/E 136.4, Weak on forward returns, recorded live 2026-08-172026-08-21: P/E 134.8, Weak on forward returns, recalculated for the week of 2026-08-212026-08-21: P/E 139.2, Weak on forward returns, recorded live 2026-08-242026-08-27: P/E 139.2, Weak on forward returns, recalculated for the week of 2026-08-272026-08-28: P/E 142.3, Weak on forward returns, recalculated for the week of 2026-08-282026-08-28: P/E 142.3, Weak on forward returns, recalculated for the week of 2026-08-302026-08-28: P/E 142.3, Weak on forward returns, recorded live 2026-08-312026-09-04: P/E 131.6, Weak on forward returns, recalculated for the week of 2026-09-052026-09-04: P/E 131.6, Weak on forward returns, recorded live 2026-09-072026-09-11: P/E 124.7, Weak on forward returns, recalculated for the week of 2026-09-122026-09-11: P/E 124.7, Weak on forward returns, recorded live 2026-09-142026-09-18: P/E 130.8, Weak on forward returns, recalculated for the week of 2026-09-192026-09-18: P/E 130.8, Weak on forward returns, recorded live 2026-09-212026-09-25: P/E 138.0, Weak on forward returns, recalculated for the week of 2026-09-262026-09-25: P/E 138.0, Weak on forward returns, recorded live 2026-09-282026-10-02: P/E 135.8, Weak on forward returns, recalculated for the week of 2026-10-032026-10-02: P/E 135.8, Weak on forward returns, recorded live 2026-10-05110.0120.0130.0140.0Jun 3Jul 3Aug 2Sep 2Oct 2Normal P/E 138.5
Mixed on our testsWeak on forward returns

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 139.2+0%Mixed on our tests (recalculated)
2026-07-31P/E 106.4-23%Mixed on our tests (recalculated)
2026-08-10P/E 136.5-1%Weak on forward returns
2026-08-30P/E 142.3+3%Weak on forward returns (recalculated)
2026-10-05P/E 135.8-2%Weak on forward returns ← now
Show all 37 weeks
WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 139.2+0%Mixed on our tests (recalculated)
2026-06-10P/E 129.2-7%Mixed on our tests (recalculated)
2026-06-14P/E 129.2-7%Mixed on our tests (recalculated)
2026-06-16P/E 129.2-7%Mixed on our tests (recalculated)
2026-06-21P/E 129.2-7%Mixed on our tests (recalculated)
2026-07-02P/E 114.4-17%Mixed on our tests (recalculated)
2026-07-06P/E 117.4-15%Mixed on our tests (recalculated)
2026-07-09P/E 117.4-15%Mixed on our tests (recalculated)
2026-07-12P/E 113.6-18%Mixed on our tests (recalculated)
2026-07-13P/E 113.6-18%Mixed on our tests (recalculated)
2026-07-14P/E 113.6-18%Mixed on our tests (recalculated)
2026-07-20P/E 117.7-15%Mixed on our tests (recalculated)
2026-07-22P/E 117.7-15%Mixed on our tests (recalculated)
2026-07-25P/E 108.1-22%Mixed on our tests (recalculated)
2026-07-27P/E 108.1-22%Mixed on our tests (recalculated)
2026-07-31P/E 106.4-23%Mixed on our tests (recalculated)
2026-08-03P/E 106.9-23%Mixed on our tests
2026-08-07P/E 124.0-10%Mixed on our tests (recalculated)
2026-08-10P/E 136.5-1%Weak on forward returns
2026-08-14P/E 140.5+1%Weak on forward returns (recalculated)
2026-08-17P/E 136.4-2%Weak on forward returns
2026-08-21P/E 134.8-3%Weak on forward returns (recalculated)
2026-08-24P/E 139.2+1%Weak on forward returns
2026-08-27P/E 139.2+1%Weak on forward returns (recalculated)
2026-08-28P/E 142.3+3%Weak on forward returns (recalculated)
2026-08-30P/E 142.3+3%Weak on forward returns (recalculated)
2026-08-31P/E 142.3+3%Weak on forward returns
2026-09-05P/E 131.6-5%Weak on forward returns (recalculated)
2026-09-07P/E 131.6-5%Weak on forward returns
2026-09-12P/E 124.7-10%Weak on forward returns (recalculated)
2026-09-14P/E 124.7-10%Weak on forward returns
2026-09-19P/E 130.8-6%Weak on forward returns (recalculated)
2026-09-21P/E 130.8-6%Weak on forward returns
2026-09-26P/E 138.0-0%Weak on forward returns (recalculated)
2026-09-28P/E 138.0-0%Weak on forward returns
2026-10-03P/E 135.8-2%Weak on forward returns (recalculated)
2026-10-05P/E 135.8-2%Weak on forward returns ← now

Earnings moves: PLTR moved more than the options market implied in 1 of 1 recent tracked reports.

Frequently asked questions

Is Palantir Technologies stock overvalued?

At a blended P/E of 135.8 versus its historical normal P/E of 138.5, Palantir Technologies trades about 2% below its typical valuation, with a PEG of 2.93 on 46.3% forward growth. tickerseer currently rates it weak on forward returns.

What is Palantir Technologies's fair value and PEG?

Palantir Technologies trades at a blended P/E of 135.8 against a historical normal P/E of 138.5, a PEG of 2.93, and a forward growth estimate of 46.3%. Priced at its historical normal P/E of 138.5 on the same blended earnings, the 2026-10-02 close of $188.75 corresponds to about $193 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Palantir Technologies changed?

tickerseer's rating moved from mixed on our tests (2026-06-03) to weak on forward returns (2026-10-05).

What is the analyst price target for Palantir Technologies?

The mean Wall Street price target for Palantir Technologies is $195.57 across 26 analysts, 1.6% below the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Application Software. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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