Palantir Technologies (NASDAQ:PLTR) Stock Price Up 2.5% – Should You Buy?

Posted by Geri Gentry on Jul 8th, 2026

Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report) rose 2.5% on Monday . The company traded as high as $134.07 and last traded at $132.54. 36,812,463 shares traded hands during trading, a decline of 23% from the average session volume of 47,607,535 shares. The stock had previously closed at $129.30.

More Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

Positive Sentiment: Palantir expanded its commercial footprint in Latin America by signing Mexico’s largest insurer, GNP Seguros, as its first publicly announced commercial customer in the region, reinforcing growth beyond government work. Article Title
Positive Sentiment: DA Davidson upgraded Palantir to Buy and lifted its price target, adding to bullish sentiment and supporting the case for further upside despite the stock’s recent volatility. Article Title
Positive Sentiment: Palantir also announced a partnership with SNP to accelerate secure SAP transformations, which could deepen its role in large enterprise technology projects. Article Title
Neutral Sentiment: Some commentary remains constructive, with articles arguing Palantir’s sovereign AI and defense positioning continue to attract investors even after a sharp pullback. Article Title
Negative Sentiment: Market reports say Palantir is sliding as AI software stocks come under pressure, with concerns about slower AI adoption, insider selling, and a broader rotation away from expensive growth names. Article Title
Negative Sentiment: Additional pressure came from Financial Times/Barron’s coverage highlighting political scrutiny of Palantir’s government contracts, including concern that this could affect a major part of the business. Article Title
Negative Sentiment: Recent insider sales by senior executive Shyam Sankar also added to the cautious tone, as investors often view heavy insider selling as a warning sign when valuation is already elevated. Article Title

Wall Street Analyst Weigh In

PLTR has been the topic of a number of research reports. DA Davidson raised Palantir Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $165.00 to $175.00 in a report on Thursday, July 2nd. Royal Bank Of Canada reissued an “underperform” rating and issued a $90.00 target price on shares of Palantir Technologies in a research report on Tuesday, May 5th. Oppenheimer assumed coverage on shares of Palantir Technologies in a research note on Thursday, April 30th. They issued an “outperform” rating and a $200.00 price target on the stock. Cantor Fitzgerald reiterated a “neutral” rating and issued a $138.00 price objective on shares of Palantir Technologies in a research note on Friday, May 22nd. Finally, Mizuho cut their price objective on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $190.85.

View Our Latest Report on Palantir Technologies

Palantir Technologies Stock Down 1.6%

The stock has a market capitalization of $316.97 billion, a price-to-earnings ratio of 148.56, a P/E/G ratio of 2.12 and a beta of 1.56. The business’s 50 day simple moving average is $133.27 and its 200-day simple moving average is $147.37.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The business’s revenue for the quarter was up 84.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 EPS. On average, analysts expect that Palantir Technologies Inc. will post 1.17 earnings per share for the current year.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 1,598 shares of Palantir Technologies stock in a transaction on Monday, June 1st. The stock was sold at an average price of $160.00, for a total value of $255,680.00. Following the transaction, the director owned 55,022 shares in the company, valued at approximately $8,803,520. This trade represents a 2.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $130.00, for a total value of $4,550,000.00. Following the sale, the insider owned 642,786 shares of the company’s stock, valued at approximately $83,562,180. This represents a 5.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,112,270 shares of company stock worth $150,247,785. 9.53% of the stock is owned by insiders.

Institutional Investors Weigh In On Palantir Technologies

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Palantir Technologies during the 4th quarter worth approximately $5,149,641,000. Jennison Associates LLC bought a new stake in shares of Palantir Technologies in the first quarter worth $1,574,111,000. Arrowstreet Capital Limited Partnership increased its holdings in Palantir Technologies by 277.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock valued at $1,528,143,000 after purchasing an additional 7,678,747 shares during the period. State Street Corp raised its position in Palantir Technologies by 7.2% during the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after purchasing an additional 6,777,771 shares during the last quarter. Finally, Cardano Risk Management B.V. lifted its holdings in Palantir Technologies by 917.4% during 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 during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Company Profile

(Get Free Report)

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.