Rosenblatt Securities reaffirmed their buy rating on shares of Palantir Technologies (NASDAQ:PLTR – Free Report) in a research note issued to investors on Wednesday,Benzinga reports. Rosenblatt Securities currently has a $225.00 price objective on the stock.
Several other brokerages have also recently weighed in on PLTR. Cantor Fitzgerald initiated coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set an “overweight” rating on the stock. President Capital upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $25.50 to $133.00 in a research note on Monday, June 29th. BTIG Research downgraded Palantir Technologies to a “neutral” rating in a report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Tuesday, August 4th. Finally, William Blair reaffirmed an “outperform” rating on shares of Palantir Technologies in a report on Wednesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $195.33.
View Our Latest Research Report on PLTR
Palantir Technologies Price Performance
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last posted its earnings results 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. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm’s quarterly revenue was up 92.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 EPS. On average, equities research analysts predict that Palantir Technologies will post 1.28 EPS for the current fiscal year.
Insider Transactions at Palantir Technologies
In other news, Director Lauren Friedman Stat sold 1,342 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $182.50, for a total transaction of $244,915.00. Following the transaction, the director owned 52,765 shares of the company’s stock, valued at $9,629,612.50. This represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,250 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the completion of the transaction, the insider owned 56,921 shares in the company, valued at approximately $9,920,761.09. This represents a 2.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 720,027 shares of company stock worth $116,879,340. Insiders own 9.53% of the company’s stock.
Institutional Investors Weigh In On Palantir Technologies
Several institutional investors have recently modified their holdings of PLTR. Basepoint Wealth LLC acquired a new stake in Palantir Technologies during the 4th quarter worth $29,000. Cornerstone Financial Management LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at $31,000. Prudent Man Investment Management Inc. acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $35,000. Monetary Solutions Ltd acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $36,000. Finally, Reflection Asset Management bought a new position in shares of Palantir Technologies in the 4th quarter worth $35,000. Institutional investors and hedge funds own 45.65% of the company’s stock.
Trending Headlines about Palantir Technologies
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Commercial AI demand is accelerating. Chairman Peter Thiel said sales to U.S. corporations have increased “tremendously,” while analysts continue to highlight Palantir’s faster-growing commercial segment and expanding use of its AI platform. Peter Thiel on Palantir’s U.S. sales
- Positive Sentiment: Defense and government opportunities remain a major catalyst. Recent Army contract activity, European discussions, and potential aviation-related expansion are reinforcing expectations that Palantir can benefit from sovereign AI and government technology spending. McKinsey estimates sovereign AI could represent as much as 40% of AI spending through 2030. Sovereign AI opportunity for Palantir
- Positive Sentiment: Analyst support remains strong. Rosenblatt reaffirmed its Buy rating and has cited the possibility that a modest aviation contract could expand into a larger opportunity. UBS and DA Davidson have reportedly raised their price targets to $250. Analyst targets and opposing views
- Neutral Sentiment: Palantir’s competitive advantage is being debated. Industry executives describe the company less as a model developer and more as a highly capable data-architecture and AI-infrastructure provider. That supports the durability of its platform, but also highlights the need to prove that its integrations and partnerships can translate into sustained revenue growth. Palantir’s data-architecture position
- Negative Sentiment: Extreme valuation is increasing downside risk. Palantir trades at a very high earnings multiple, prompting concerns that exceptional growth is already reflected in the stock. Higher Treasury yields are another headwind for richly valued technology companies.
- Negative Sentiment: Short-seller criticism is weighing on sentiment. Michael Burry has disclosed bearish positions in Palantir, citing valuation and receivables concerns. A recent rating downgrade also questioned the company’s open-weight AI strategy and whether growth can justify the current valuation. Michael Burry’s AI stock shorts
About Palantir Technologies
Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.
The company’s principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.
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