Citigroup Raises Palantir Technologies (NASDAQ:PLTR) Price Target to $210.00

Palantir Technologies (NASDAQ:PLTR) had its target price lifted by Citigroup from $190.00 to $210.00 in a research note issued on Wednesday,MarketScreener reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective points to a potential upside of 13.39% from the stock’s previous close.

PLTR has been the topic of a number of other reports. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. UBS Group raised their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday. Robert W. Baird upped their target price on Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft increased their price target on Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, DA Davidson boosted their price objective on Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average price target of $169.44.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $185.20 on Wednesday. Palantir Technologies has a 1 year low of $51.61 and a 1 year high of $207.52. The firm’s 50-day simple moving average is $176.35 and its 200-day simple moving average is $152.68. The firm has a market cap of $439.36 billion, a PE ratio of 440.99, a price-to-earnings-growth ratio of 11.23 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 16.27% and a net margin of 28.11%.The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the firm posted $0.10 earnings per share. Palantir Technologies’s revenue for the quarter was up 62.8% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts predict that Palantir Technologies will post 0.31 earnings per share for the current year.

Insider Activity

In other news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the transaction, the insider owned 307,470 shares of the company’s stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the completion of the transaction, the insider owned 592 shares in the company, valued at approximately $89,611.04. This trade represents a 99.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,527,750 shares of company stock valued at $234,463,896 over the last quarter. Insiders own 12.93% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

Several institutional investors and hedge funds have recently bought and sold shares of PLTR. Financial Consulate Inc. acquired a new position in Palantir Technologies in the 3rd quarter worth about $30,000. Retirement Wealth Solutions LLC acquired a new position in Palantir Technologies in the third quarter worth approximately $31,000. Flagship Wealth Advisors LLC bought a new position in Palantir Technologies during the third quarter valued at approximately $32,000. Signature Resources Capital Management LLC acquired a new stake in Palantir Technologies in the second quarter valued at approximately $25,000. Finally, Marquette Asset Management LLC bought a new stake in Palantir Technologies in the third quarter worth approximately $34,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.