Palantir Technologies (NASDAQ:PLTR – Get Free Report) had its price objective lifted by Cantor Fitzgerald from $138.00 to $156.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Cantor Fitzgerald’s target price points to a potential upside of 24.15% from the stock’s current price.
Several other research firms have also recently commented on PLTR. Wedbush assumed coverage on shares of Palantir Technologies in a report on Tuesday, June 16th. They set an “outperform” rating for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Palantir Technologies in a research report on Friday, July 24th. President Capital raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $25.50 to $133.00 in a research report on Monday, June 29th. BTIG Research lowered shares of Palantir Technologies to a “neutral” rating in a research report on Tuesday, June 16th. Finally, BNP Paribas Exane initiated coverage on shares of Palantir Technologies in a report on Tuesday, June 16th. They set an “underperform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $185.65.
Check Out Our Latest Report on PLTR
Palantir Technologies Stock Performance
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the firm posted $0.16 earnings per share. The firm’s revenue for the quarter was up 92.8% on a year-over-year basis. As a group, research analysts predict that Palantir Technologies will post 1.17 earnings per share for the current fiscal year.
Insider Activity
In other news, insider Shyam Sankar sold 35,000 shares of Palantir Technologies stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $130.00, for a total transaction of $4,550,000.00. Following the completion of the sale, the insider directly owned 642,786 shares in the company, valued at approximately $83,562,180. This trade represents a 5.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 397,744 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $54,109,093.76. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at $875,044,378.32. This trade represents a 5.82% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,112,270 shares of company stock valued at $150,247,785 in the last quarter. Insiders own 9.53% of the company’s stock.
Hedge Funds Weigh In On Palantir Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of PLTR. Norges Bank acquired a new position in shares of Palantir Technologies in the 4th quarter valued at about $5,149,641,000. Jennison Associates LLC purchased a new position in Palantir Technologies in the first quarter valued at approximately $1,574,111,000. Arrowstreet Capital Limited Partnership raised 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 buying an additional 7,678,747 shares during the period. 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 buying an additional 6,777,771 shares in the last quarter. Finally, Cardano Risk Management B.V. grew its stake in Palantir Technologies by 917.4% during the fourth 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 owned by institutional investors and hedge funds.
Palantir Technologies News Roundup
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Blowout Q2 results: Revenue increased 92.8% year over year to approximately $1.94 billion, exceeding the $1.81 billion consensus estimate. Adjusted earnings of $0.41 per share also topped expectations, while GAAP net income reached $1.06 billion. Palantir posts blowout Q2 numbers
- Positive Sentiment: Commercial AI demand accelerated: U.S. commercial revenue surged 149% year over year to $764 million, while total U.S. revenue grew 115%. Management attributed the momentum to enterprises seeking greater control over their AI models, data and operations—a trend CEO Alex Karp calls “AI sovereignty.” Palantir commercial revenue and AI sovereignty
- Positive Sentiment: Raised guidance: Palantir now expects roughly $8.15 billion-$8.16 billion in 2026 revenue, compared with about $7.7 billion expected by analysts. Third-quarter revenue guidance of approximately $2.16 billion-$2.16 billion also exceeds consensus. The company reported a 62% adjusted operating margin and $1.22 billion in free cash flow. Palantir raises annual revenue forecast
- Positive Sentiment: Defense opportunity expanded: Palantir partnered with Mercury Systems to automate material planning and factory operations supporting U.S. military programs, adding to its government growth narrative. Mercury Systems partnership
- Neutral Sentiment: CEO Alex Karp renewed criticism of frontier AI laboratories, warning enterprises not to surrender proprietary data. The comments reinforce Palantir’s differentiated positioning but could increase controversy around management’s public messaging. Palantir CEO comments on AI labs
- Negative Sentiment: Despite the operating momentum, PLTR trades at a price-to-earnings ratio above 140, leaving the stock vulnerable if growth or guidance disappoints. Reported insider activity has also been heavily weighted toward sales, which may reinforce valuation concerns.
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.
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