Palantir Technologies (NASDAQ: PLTR) went public with a direct listing on the stock market in September 2020, and shares of the software platforms and data analytics provider delivered healthy gains since then.

Demand for Big Data services is increasing. Palantir, a leader in the field, should benefit. Here are the forecasts and price predictions for PLTR stock.

Palantir Technologies (PLTR) has captured Wall Street’s imagination with its AI-powered defense solutions in 2024. The tech stock has surged over 300% in the past year, valuing the company at a market capitalization of $165 billion.

Shopify is worth $134 billion. The stock must return at least 22% for its market value to top $163 billion in 2025. Anthony Chukumba at Loop Capital has set Shopify with a target price of $140 per share. That forecast implies 36% upside from its current share price of $103.