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.

Last year carried a lot of ups and downs for Uber investors. Through August and September, shares of Uber had actually declined by about 7% on the year. However, the stock swiftly rebounded and soared as high as 37% by October. It really wasn't until December when shares of Uber started to crater.

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Palantir's share price has outpaced the company's growth, pushing its price-to-earnings ratio to nearly 360. That's among the highest valuations on the market for any company. While analysts expect strong long-term earnings growth (27% annualized), it's nowhere near enough to justify such a high price.

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.

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.