Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report)’s stock price shot up 2.5% during trading on Friday . The company traded as high as $148.28 and last traded at $146.39. 50,264,831 shares were traded during trading, a decline of 1% from the average session volume of 50,665,898 shares. The stock had previously closed at $142.76.
Trending Headlines about Palantir Technologies
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Morgan Stanley flagged the gap between Palantir’s November peak and today’s price as an opportunity, suggesting modest acceleration in growth could lift the stock — a catalyst for value-seekers. Morgan Stanley resets Palantir stock forecast
- Positive Sentiment: Palantir is reportedly being considered for a major FAA AI air-traffic modernization program — a large civil/government contract would diversify revenues and support long-term growth expectations. Palantir Eyes Major FAA Deal to Modernize Air Traffic
- Positive Sentiment: Elevated defense demand — including heavy U.S. military use and new multiyear contracts tied to conflict-related needs — keeps Palantir in buyers’ crosshairs for “defense‑AI” exposure. Trump’s Iran Strategy Puts Palantir in the Spotlight — but Is This Defense‑Data Stock Built for Long‑Term Investors?
- Positive Sentiment: Analysts and commentators (including Dan Ives) pushed back on panic selling, calling recent pullbacks “overblown” and helping spark intraday buying momentum. Palantir Gains Momentum As Analyst Calls Sell-Off Fears ‘Over Blown’
- Neutral Sentiment: DA Davidson reaffirmed coverage with a $180 price target (implying upside) while keeping a neutral stance, signaling mixed analyst views on near-term upside vs. valuation risk. Benzinga coverage note
- Neutral Sentiment: Market writeups and forecasts highlight tech/AI momentum lifting tape action broadly, which can amplify PLTR moves but is not a company-specific guarantee. TSLA, PLTR and SCMI Forecasts – Tech Looks to Rally into the Weekend
- Negative Sentiment: Recent steep drawdowns (reports citing 30–35% drops) have prompted “don’t buy the dip” takes — underscoring investor concern about a high multiple and execution risk. A 35% Dip Is Here for Palantir Stock. Here’s Why It’s Not Time to Buy — Yet.
- Negative Sentiment: Heavy insider selling and publicized short-seller/shorting narratives (plus Michael Burry’s persistent criticisms about competition from Anthropic) continue to fuel bearish sentiment and headline risk. Michael Burry Thinks Anthropic is Eating the Lunch of Palantir — Is He Right?
- Negative Sentiment: Competition and margin/valuation concerns are recurring themes in coverage — intense AI competition could pressure forward expectations despite strong recent revenue growth. What’s next for Palantir as AI competition intensifies?
Analysts Set New Price Targets
PLTR has been the subject of a number of recent analyst reports. Daiwa Securities Group upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a report on Tuesday, February 10th. Wedbush reissued an “outperform” rating and issued a $230.00 target price on shares of Palantir Technologies in a report on Friday, April 10th. Citigroup increased their price objective on Palantir Technologies from $235.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Palantir Technologies in a report on Tuesday. Finally, UBS Group boosted their target price on Palantir Technologies from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $197.32.
Palantir Technologies Trading Up 2.5%
The stock has a market capitalization of $350.12 billion, a PE ratio of 232.37, a price-to-earnings-growth ratio of 2.82 and a beta of 1.68. The firm has a 50 day moving average price of $143.51 and a 200 day moving average price of $165.33.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last released its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the business earned $0.14 earnings per share. Palantir Technologies’s quarterly revenue was up 70.0% compared to the same quarter last year. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.
Insider Transactions at Palantir Technologies
In related news, insider Stephen Andrew Cohen sold 327,088 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the completion of the sale, the insider owned 592 shares in the company, valued at approximately $79,162.24. This trade represents a 99.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 19,988 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,672,795.36. Following the sale, the insider directly owned 219,421 shares in the company, valued at $29,340,976.12. This trade represents a 8.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,029,879 shares of company stock valued at $137,746,253. 9.23% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Palantir Technologies
A number of hedge funds have recently made changes to their positions in PLTR. Norges Bank bought a new stake in Palantir Technologies in the fourth quarter worth $5,149,641,000. Vanguard Group Inc. raised its stake in Palantir Technologies by 4.0% during the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock valued at $39,017,133,000 after purchasing an additional 8,168,604 shares in the last quarter. State Street Corp lifted its position in Palantir Technologies by 7.2% during the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after purchasing an additional 6,777,771 shares during the last quarter. Cardano Risk Management B.V. grew its stake in shares of Palantir Technologies by 917.4% in the 4th quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock worth $1,170,596,000 after buying an additional 5,938,343 shares in the last quarter. Finally, Corient Private Wealth LLC grew its stake in shares of Palantir Technologies by 1,449.7% in the 4th quarter. Corient Private Wealth LLC now owns 5,272,601 shares of the company’s stock worth $937,205,000 after buying an additional 4,932,364 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.
Palantir Technologies Company Profile
Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.
Palantir’s product portfolio centers on a small number of core platforms.
Further Reading
Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
