Palantir Technologies (NASDAQ:PLTR) Price Target Raised to $200.00 at Daiwa Capital Markets

Palantir Technologies (NASDAQ:PLTR) had its price target upped by Daiwa Capital Markets from $178.00 to $200.00 in a report issued on Thursday,MarketScreener reports. Daiwa Capital Markets currently has a neutral rating on the stock.

Several other research analysts have also recently issued reports on PLTR. Northland Securities upped their target price on shares of Palantir Technologies from $14.00 to $18.50 in a report on Tuesday. DA Davidson upped their price objective on shares of Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday. Citigroup raised their price objective on Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday. Raymond James Financial reissued a “market perform” rating on shares of Palantir Technologies in a report on Tuesday. Finally, Cantor Fitzgerald raised their price target on Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and a consensus price target of $173.45.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR traded up $2.88 on Thursday, hitting $177.93. 73,629,693 shares of the company’s stock were exchanged, compared to its average volume of 83,368,008. Palantir Technologies has a 1-year low of $55.30 and a 1-year high of $207.52. The company has a market capitalization of $422.11 billion, a PE ratio of 423.65, a P/E/G ratio of 7.67 and a beta of 2.63. The firm’s 50-day moving average is $177.31 and its 200 day moving average is $153.08.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm’s revenue was up 62.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts anticipate that Palantir Technologies will post 0.31 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In related news, insider David A. Glazer sold 81,000 shares of Palantir Technologies stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the completion of the transaction, the director directly owned 62,087 shares in the company, valued at $11,572,395.93. This represents a 1.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,527,750 shares of company stock worth $234,463,896 in the last ninety days. Company insiders own 9.23% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PLTR. King Luther Capital Management Corp boosted its holdings in Palantir Technologies by 8.1% in the 3rd quarter. King Luther Capital Management Corp now owns 76,964 shares of the company’s stock valued at $14,040,000 after purchasing an additional 5,767 shares in the last quarter. Avestar Capital LLC lifted its holdings in shares of Palantir Technologies by 4.9% in the 3rd quarter. Avestar Capital LLC now owns 29,739 shares of the company’s stock valued at $5,425,000 after buying an additional 1,387 shares during the period. Keyvantage Wealth LLC purchased a new stake in shares of Palantir Technologies in the third quarter valued at approximately $386,000. Synovus Financial Corp grew its holdings in Palantir Technologies by 5.9% during the third quarter. Synovus Financial Corp now owns 21,871 shares of the company’s stock worth $3,990,000 after acquiring an additional 1,218 shares during the period. Finally, NewEdge Wealth LLC raised its position in Palantir Technologies by 58.4% in the third quarter. NewEdge Wealth LLC now owns 39,692 shares of the company’s stock worth $7,458,000 after acquiring an additional 14,640 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

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.