Palantir Technologies (NASDAQ:PLTR – Get Free Report)‘s stock had its “buy” rating restated by analysts at Rosenblatt Securities in a report issued on Tuesday, Benzinga reports. They presently have a $260.00 target price on the stock. Rosenblatt Securities‘s price objective suggests a potential upside of 45.79% from the stock’s current price.
Several other research analysts have also recently weighed in on PLTR. Morgan Stanley upgraded shares of Palantir Technologies from a “cautious” rating to a “buy” rating and boosted their price target for the stock from $205.00 to $233.00 in a report on Tuesday. Oppenheimer reiterated an “outperform” rating and issued a $235.00 price objective (up from $200.00) on shares of Palantir Technologies in a research note on Thursday. Benchmark reissued a “hold” rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $225.00 target price on shares of Palantir Technologies in a research note on Monday, October 26th. Finally, Roth Capital began coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Palantir Technologies has a consensus rating of “Moderate Buy” and an average target price of $213.60.
Read Our Latest Research Report on PLTR
Palantir Technologies Stock Performance
PLTR stock opened at $178.34 on Tuesday. The company has a market capitalization of $428.56 billion, a P/E ratio of 152.43, a price-to-earnings-growth ratio of 3.51 and a beta of 1.60. Palantir Technologies has a 52-week low of $106.37 and a 52-week high of $212.94. The business has a 50-day simple moving average of $186.87 and a two-hundred day simple moving average of $153.90.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.18 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. Palantir Technologies’s revenue was up 95.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 earnings per share. As a group, sell-side analysts forecast that Palantir Technologies will post 1.29 earnings per share for the current fiscal year.
Insider Buying and Selling at Palantir Technologies
In other Palantir Technologies news, insider Alexander Karp sold 492,348 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the sale, the insider owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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. Also, Director Lauren Friedman Stat sold 5,026 shares of the stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total value of $1,000,174.00. Following the sale, the director owned 46,402 shares in the company, valued at approximately $9,233,998. This represents a 9.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 560,390 shares of company stock worth $97,909,177. Company insiders own 9.53% of the company’s stock.
Institutional Trading of Palantir Technologies
Several institutional investors and hedge funds have recently bought and sold shares of the company. United Advisor Group LLC lifted its holdings in shares of Palantir Technologies by 1.2% in the third quarter. United Advisor Group LLC now owns 100,857 shares of the company’s stock worth $18,865,000 after buying an additional 1,186 shares in the last quarter. Plancorp LLC grew its stake in Palantir Technologies by 40.6% during the third quarter. Plancorp LLC now owns 5,157 shares of the company’s stock valued at $949,000 after acquiring an additional 1,488 shares in the last quarter. May Hill Capital LLC grew its stake in Palantir Technologies by 13.5% during the third quarter. May Hill Capital LLC now owns 4,344 shares of the company’s stock valued at $813,000 after acquiring an additional 516 shares in the last quarter. LightSquare Wealth Management LLC purchased a new position in Palantir Technologies during the third quarter valued at $287,000. Finally, Kingstone Capital Partners Texas LLC increased its holdings in Palantir Technologies by 2.5% in the 3rd quarter. Kingstone Capital Partners Texas LLC now owns 46,148 shares of the company’s stock valued at $8,632,000 after acquiring an additional 1,142 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.
Key Headlines Impacting Palantir Technologies
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Palantir reported third-quarter revenue of $2.313 billion, up 96% year over year and above the $2.18 billion analyst consensus. Adjusted earnings of $0.44 per share also exceeded expectations of $0.41. Palantir tops third-quarter revenue estimates on strong AI software demand
- Positive Sentiment: U.S. commercial revenue surged 148% to $984 million, surpassing U.S. government revenue for the first time. Management also raised its full-year 2026 revenue-growth outlook to 91% and its U.S. commercial growth forecast to 143%. Palantir Reports Q3 2026 U.S. Commercial Revenue Growth
- Positive Sentiment: CEO Alex Karp said demand for Palantir’s artificial-intelligence software is “much larger than we can service,” supporting the long-term growth narrative. Bank of America maintained a Buy rating with a $255 price target, while Morgan Stanley raised its target from $205 to $233, although it kept an Equalweight rating. Morgan Stanley sets Palantir stock price target
- Neutral Sentiment: Analysts described the quarter as exceptionally strong, but the market reaction suggests the results were largely anticipated after Palantir’s substantial prior rally.
- Negative Sentiment: Investors were concerned that U.S. commercial contract growth and new deal activity are beginning to decelerate, raising questions about whether Palantir can replenish its growth pipeline quickly enough. Here’s why Palantir’s stock is down despite a bombastic quarter
- Negative Sentiment: Valuation remains a major overhang: Palantir’s market capitalization is about $428.6 billion and its P/E ratio is roughly 152. Investors appear to require outsized growth and increasingly large earnings beats to justify the premium.
About Palantir Technologies
Palantir Technologies Inc develops software platforms that help government agencies and commercial organizations integrate, analyze and act on data. Its products are designed to support complex operations such as defense and intelligence, supply-chain management, manufacturing, healthcare and other data-intensive activities.
Palantir’s principal platforms include Gotham, which is primarily used by government and defense customers; Foundry, which helps commercial and institutional users build data-driven workflows; Apollo, a platform for deploying and managing software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects generative artificial intelligence capabilities with an organization’s data and operational systems.
Founded in 2003, the company initially focused on software for government and national-security applications before expanding into commercial markets.
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