1.3% Above Target

Wall Street's consensus price target for PLMR is $110.25, -1.3% from its current price of $111.7. The below-market target from 11 analysts suggests limited near-term appreciation.

PLMR has a consensus rating of "Buy" based on 11 Wall Street analysts. The rating breakdown is predominantly bullish, with 9 Buy/Strong Buy ratings. The consensus 12-month price target of $110.25 implies -1.3% downside from current levels.

With a forward P/E of 11.388x, PLMR trades at a relatively low valuation. The consensus target of $110.25 implies -1.3% move, suggesting the market may be pricing in risks.

The most bullish Wall Street analyst has a price target of $134 for PLMR, while the most conservative target is $88. The consensus of $110.25 represents the median expectation. Our quantitative valuation model projects a bull case target of $199 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

PLMR is moderately covered, with 11 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 9 have Buy ratings, 2 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

The 12-month PLMR stock forecast based on 11 Wall Street analysts shows a consensus price target of $110.25, with estimates ranging from $88 (bear case) to $134 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $151, with bear/bull scenarios of $95/$199.

Our quantitative valuation model calculates PLMR's fair value at $151 (base case), with a bear case of $95 and bull case of $199. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 63/100.

PLMR trades at a forward P/E ratio of 11.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 15.6x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Analysts are cautious on PLMR, with 0 Sell ratings and a price target of $110.25 (-1.3% from current price). The "Buy" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

PLMR analyst price targets range from $88 to $134, a 42% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $110.25 consensus represents the middle ground. Our model's $95-$199 range provides an independent fundamental perspective.