Few stocks divide a room of investors quite like Palantir Technologies (PLTR -6.27%) does right now. Ask 10 people who follow the stock whether it’s the most important software company of the artificial intelligence era or the most dangerous bubble on the market, and you’ll get 10 equally confident, opposite answers.

Both bullish and bearish camps are working from the same facts; they just weigh them differently. So instead of picking a side, here’s my actual attempt to pin down where this stock might land by the end of 2027, including bull and bear cases.

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What Palantir is doing right now

Let’s start with the plain fact that growth hasn’t slowed down much this year. In the second quarter of 2026, Palantir’s…