DA Davidson Upgrades Palantir Technologies (NASDAQ:PLTR) to Buy

Palantir Technologies (NASDAQ:PLTR) was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating in a research note issued on Thursday,Benzinga reports. The firm currently has a $175.00 price objective on the stock, up from their prior price objective of $165.00. DA Davidson’s price target would indicate a potential upside of 39.19% from the stock’s previous close.

A number of other brokerages also recently commented on PLTR. Wolfe Research upgraded Palantir Technologies from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, June 16th. Phillip Securities boosted their target price on Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Mizuho cut their target price on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 14th. DZ Bank initiated coverage on Palantir Technologies in a report on Thursday, April 23rd. They set a “buy” rating and a $175.00 target price for the company. Finally, Argus upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $190.85.

Palantir Technologies Trading Up 7.8%

NASDAQ:PLTR opened at $125.73 on Thursday. The company has a 50-day moving average of $134.42 and a 200-day moving average of $148.82. The firm has a market cap of $301.41 billion, a price-to-earnings ratio of 141.27, a price-to-earnings-growth ratio of 1.88 and a beta of 1.57. Palantir Technologies has a twelve month low of $106.37 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The business’s quarterly revenue was up 84.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 earnings per share. On average, research analysts forecast that Palantir Technologies will post 1.16 earnings per share for the current year.

Insider Activity at Palantir Technologies

In other news, insider Alexander C. Karp sold 397,744 shares of the stock in a transaction 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 completion of the sale, the insider owned 6,432,258 shares in the company, valued at $875,044,378.32. This represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Stephen Andrew Cohen sold 319,934 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $43,523,821.36. Following the completion of the sale, the insider directly owned 592 shares of the company’s stock, valued at approximately $80,535.68. This trade represents a 99.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 927,270 shares of company stock worth $126,197,785. Insiders own 9.53% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

A number of institutional investors have recently bought and sold shares of the business. Basepoint Wealth LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at about $29,000. Ballast Advisors LLC acquired a new position in Palantir Technologies in the 1st quarter valued at approximately $29,000. Morton Brown Family Wealth LLC increased its stake in Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after buying an additional 125 shares during the period. Cornerstone Financial Management LLC purchased a new stake in Palantir Technologies in the 4th quarter worth approximately $31,000. Finally, United Financial Planning Group LLC purchased a new stake in Palantir Technologies in the 3rd quarter worth approximately $32,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Key Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Palantir announced a major partnership with Nvidia to develop sovereign AI solutions for U.S. government agencies, a deal investors see as expanding Palantir’s role in defense and national security AI. How Palantir’s Partnership With Nvidia Ended Its Brutal Losing Streak
• Positive Sentiment: The company also deepened its commercial relationship with Surf Air Mobility, adding to the narrative that Palantir is still winning new business beyond government contracts. Palantir (PLTR), Surf Air Mobility Expand Partnership to Accelerate SurfOS Platform Development
• Positive Sentiment: Analyst commentary has turned more constructive, with multiple pieces arguing Palantir’s enterprise AI products and profitability make the stock look undervalued despite its premium valuation. 1 Wall Street Analyst Just Called Palantir “Undervalued.” Is He Right?
• Neutral Sentiment: CEO Alex Karp’s outspoken criticism of OpenAI and Anthropic’s token-based pricing has kept Palantir in the AI spotlight, but the comments are more about industry positioning than immediate financial results. Palantir’s Karp bashes OpenAI, Anthropic token model: ‘Something has gone completely wrong’
• Negative Sentiment: Despite the recent bounce, investors remain focused on Palantir’s steep valuation and a still-choppy 2026 performance, which continues to create skepticism around the stock’s upside. Palantir’s Rough 2026 Start Raises a Bigger Question About Its AI Moat?

About Palantir Technologies

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.