Palantir Technologies (NASDAQ:PLTR) Price Target Cut to $200.00 by Analysts at Citigroup

Palantir Technologies (NASDAQ:PLTR) had its target price lowered by investment analysts at Citigroup from $225.00 to $200.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 60.60% from the stock’s current price.

A number of other analysts have also recently weighed in on PLTR. Argus raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Wednesday, May 6th. Wedbush assumed coverage on Palantir Technologies in a research note on Tuesday, June 16th. They set an “outperform” rating on the stock. HSBC lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the company from $205.00 to $151.00 in a research report on Friday, May 1st. Royal Bank Of Canada reiterated an “underperform” rating and issued a $90.00 target price on shares of Palantir Technologies in a research note on Tuesday, May 5th. Finally, Phillip Securities boosted their target price on shares of Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $189.88.

Palantir Technologies Price Performance

Shares of PLTR stock traded up $1.16 during mid-day trading on Friday, hitting $124.53. 12,524,676 shares of the stock traded hands, compared to its average volume of 46,214,805. Palantir Technologies has a 52-week low of $106.37 and a 52-week high of $207.52. The stock has a market cap of $298.54 billion, a P/E ratio of 139.89, a P/E/G ratio of 1.99 and a beta of 1.56. The stock’s fifty day moving average is $131.77 and its two-hundred day moving average is $142.69.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the firm earned $0.13 earnings per share. Palantir Technologies’s revenue was up 84.7% compared to the same quarter last year. As a group, equities analysts forecast that Palantir Technologies will post 1.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Ryan D. Taylor sold 19,662 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $2,674,818.48. Following the completion of the transaction, the insider directly owned 199,759 shares in the company, valued at $27,175,214.36. This trade represents a 8.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Glazer sold 17,128 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $2,330,093.12. Following the sale, the insider directly owned 375,242 shares of the company’s stock, valued at $51,047,921.68. This trade represents a 4.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 1,112,270 shares of company stock valued at $150,247,785. Insiders own 9.53% of the company’s stock.

Institutional Trading of Palantir Technologies

Several large investors have recently made changes to their positions in PLTR. Cary Street Partners Financial LLC lifted its position in Palantir Technologies by 49.1% during the second quarter. Cary Street Partners Financial LLC now owns 49,287 shares of the company’s stock valued at $5,750,000 after purchasing an additional 16,224 shares during the period. Rosenberg Matthew Hamilton grew its position in Palantir Technologies by 59.8% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 935 shares of the company’s stock worth $109,000 after purchasing an additional 350 shares during the period. Pachira Investments Inc. raised its stake in shares of Palantir Technologies by 20.7% during the 2nd quarter. Pachira Investments Inc. now owns 9,284 shares of the company’s stock valued at $1,083,000 after buying an additional 1,594 shares during the last quarter. Formidable Asset Management LLC lifted its holdings in shares of Palantir Technologies by 23.2% in the 2nd quarter. Formidable Asset Management LLC now owns 13,368 shares of the company’s stock valued at $1,560,000 after buying an additional 2,517 shares during the period. Finally, LifeSteps Financial Inc. lifted its holdings in shares of Palantir Technologies by 6.9% in the 2nd quarter. LifeSteps Financial Inc. now owns 1,584 shares of the company’s stock valued at $185,000 after buying an additional 102 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Key Palantir Technologies News

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

• Positive Sentiment: Wall Street coverage turned more constructive, with Citi raising estimates on expectations for a rebound in U.S. commercial growth and Zacks highlighting a favorable analyst consensus that implies meaningful upside if Palantir continues to execute. Palantir Estimates Rise as Citi Sees Commercial Growth Rebound
• Positive Sentiment: Several articles emphasize Palantir’s strong long-term AI positioning, including its Ontology and AIP tools that help enterprises put AI into production, which supports the bullish view on revenue durability. How Palantir is Turning AI Into Mission-Critical Infrastructure
• Positive Sentiment: Palantir joined other major tech companies in urging Washington not to ban “open” AI models, reinforcing its alignment with the broader AI ecosystem and supporting sentiment around the stock’s strategic relevance. Nvidia and Palantir urge US not to ban ‘open’ AI models after China scare
• Neutral Sentiment: Analyst commentary continues to frame PLTR as a buy or a stock with attractive upside, but these notes are mostly reiterations rather than new fundamental catalysts. Wall Street Analysts See Palantir Technologies (PLTR) as a Buy: Should You Invest?
• Neutral Sentiment: Media coverage also noted that Palantir remains a market favorite in AI and defense discussions, but these pieces mostly reinforce existing investor narratives rather than changing the near-term outlook. As defense spending surges, these stocks could make you the most money
• Negative Sentiment: Recent reports say the stock is falling ahead of earnings because investors are worried about a rich valuation, growing competition from open-source AI alternatives, and fresh scrutiny around the company’s NHS contract in the UK. Palantir Stock Tumbles Ahead of Earnings. Here’s What’s Spooking Investors
• Negative Sentiment: Broader commentary also points to a steep year-to-date decline, suggesting investors are still questioning whether Palantir’s growth can justify its premium multiple before Q2 results on Aug. 3. Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off

Palantir Technologies Company Profile

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.