Palantir Technologies stock just hit another record, but the lofty valuation of the defense-focused artificial-intelligence software company has analysts questioning whether it can go much higher. Palantir stock fell 1.

As for Palantir, nine Wall Street analysts have a neutral or negative rating on the stock, and only two -- Wedbush and Bank of America Securities -- have positive recommendations on the shares. The average price forecast implies a 25% decline for the stock over the next 12 months.

Palantir (PLTR) shares are pushing further to the upside this morning after Loop Capital issued a bullish note in favor of the big data analytics firm. On Monday, senior analyst Mark Schappel maintained his “Buy” rating on PLTR shares and raised his price target to a Street-high of $155,