Palantir Technologies (NASDAQ:PLTR) Price Target Raised to $265.00

Palantir Technologies (NASDAQ:PLTR) had its price objective raised by Citigroup from $250.00 to $265.00 in a report issued on Tuesday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other research firms have also weighed in on PLTR. Benchmark restated a “hold” rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. UBS Group reaffirmed a “buy” rating on shares of Palantir Technologies in a research note on Tuesday. Cantor Fitzgerald boosted their price objective on shares of Palantir Technologies from $156.00 to $207.00 and gave the stock a “neutral” rating in a research report on Monday. Needham & Company LLC set a $215.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 11th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $235.00 target price on shares of Palantir Technologies in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $214.53.

Palantir Technologies Price Performance

PLTR opened at $154.99 on Tuesday. The stock has a market cap of $372.45 billion, a P/E ratio of 108.38, a P/E/G ratio of 3.60 and a beta of 1.65. The stock’s 50 day simple moving average is $186.39 and its 200 day simple moving average is $153.78. Palantir Technologies has a 1-year low of $106.37 and a 1-year high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm 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 30.49% and a net margin of 50.34%. Palantir Technologies’s quarterly revenue was up 95.9% on a year-over-year basis. During the same period last year, the business posted $0.21 EPS. Research analysts expect that Palantir Technologies will post 1.31 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan Taylor sold 18,000 shares of the firm’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the completion of the transaction, the insider owned 274,667 shares of the company’s stock, valued at approximately $55,249,267.05. This trade represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Friedman Stat sold 5,026 shares of the business’s 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 completion of the transaction, the director directly owned 46,402 shares of the company’s stock, valued at approximately $9,233,998. This trade represents a 9.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 523,716 shares of company stock valued at $92,212,379 in the last ninety days. 9.53% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Guardian Wealth Advisors LLC NC lifted its position in shares of Palantir Technologies by 67.5% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 10,627 shares of the company’s stock worth $1,240,000 after acquiring an additional 4,283 shares during the period. Blueprint Investment Partners LLC bought a new stake in shares of Palantir Technologies during the third quarter valued at approximately $2,901,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Palantir Technologies during the third quarter valued at approximately $1,255,000. Independent Financial Group LLC increased its position in shares of Palantir Technologies by 20.8% during the second quarter. Independent Financial Group LLC now owns 188,200 shares of the company’s stock valued at $21,957,000 after purchasing an additional 32,427 shares during the period. Finally, World Equity Group Inc. raised its stake in shares of Palantir Technologies by 7.2% in the second quarter. World Equity Group Inc. now owns 43,627 shares of the company’s stock valued at $5,090,000 after purchasing an additional 2,948 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir reported revenue of $2.31 billion, up about 96% year over year, and adjusted EPS of $0.44, beating analyst estimates. U.S. commercial revenue surged 148%, and the company raised its full-year outlook, underscoring strong demand for its AI software. Palantir’s third-quarter results
• Positive Sentiment: Some investors and analysts remain constructive: ARK Invest bought Palantir shares during the selloff, and several research firms have maintained Buy ratings or raised price targets. ARK Invest purchases Palantir shares
• Negative Sentiment: Strong revenue growth has not eased concerns about future deal momentum. Reports cite slower contract-growth metrics, including a sharp quarter-over-quarter slowdown in total contract value growth, prompting questions about whether new bookings can sustain the pace of sales. Contract growth and spending concerns
• Negative Sentiment: Palantir’s premium valuation leaves little room for disappointment, and investors are taking profits in high-flying AI and software shares. The selloff is also tied to election-related concerns that a Democratic-controlled Congress could curb the proposed defense budget, creating uncertainty for government-focused business. Election and sector pressures

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.