Palantir Technologies (NASDAQ:PLTR) Price Target Raised to $273.00

Palantir Technologies (NASDAQ:PLTR) had its price objective raised by Barclays from $265.00 to $273.00 in a report released on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other research analysts also recently issued reports on PLTR. Raymond James Financial set a $255.00 price objective on Palantir Technologies in a report on Wednesday. JPMorgan Chase & Co. assumed coverage on Palantir Technologies in a research note on Thursday, October 29th. They issued an “overweight” rating and a $262.00 target price on the stock. UBS Group reaffirmed a “buy” rating on shares of Palantir Technologies in a research report on Tuesday. Needham & Company LLC set a $215.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 11th. Finally, Benchmark reiterated a “hold” rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $214.53.

Palantir Technologies Stock Performance

NASDAQ PLTR traded up $5.39 on Wednesday, reaching $160.38. The company had a trading volume of 24,291,037 shares, compared to its average volume of 24,029,898. The firm has a market capitalization of $385.40 billion, a price-to-earnings ratio of 112.15, a price-to-earnings-growth ratio of 3.18 and a beta of 1.65. Palantir Technologies has a 1-year low of $106.37 and a 1-year high of $212.94. The company’s fifty day moving average is $185.88 and its 200-day moving average is $153.74.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Palantir Technologies had a return on equity of 32.87% and a net margin of 50.34%. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the prior year, the company earned $0.21 EPS. The company’s revenue was up 95.9% on a year-over-year basis. On average, research analysts forecast that Palantir Technologies will post 1.31 earnings per share for the current year.

Insider Transactions at Palantir Technologies

In other news, Director Eric Woersching sold 1,000 shares of Palantir Technologies stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $205.00, for a total value of $205,000.00. Following the completion of the transaction, the director owned 3,465 shares of the company’s stock, valued at $710,325. This trade represents a 22.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander Karp sold 492,348 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the transaction, the insider owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This represents a 7.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 523,716 shares of company stock valued at $92,212,379. 9.53% of the stock is owned by company insiders.

Institutional Trading of Palantir Technologies

Hedge funds have recently made changes to their positions in the business. Jennison Associates LLC bought a new stake in Palantir Technologies in the 1st quarter valued at $1,574,111,000. Arrowstreet Capital Limited Partnership boosted its position in Palantir Technologies by 277.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock worth $1,528,143,000 after purchasing an additional 7,678,747 shares during the period. Bank of America Corp DE increased its holdings in shares of Palantir Technologies by 28.7% in the first quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock valued at $2,755,883,000 after purchasing an additional 4,201,852 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Palantir Technologies by 795.6% in the first quarter. Janus Henderson Group PLC now owns 3,323,141 shares of the company’s stock valued at $480,247,000 after purchasing an additional 2,952,079 shares during the last quarter. Finally, State Street Corp raised its position in shares of Palantir Technologies by 2.8% in the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock valued at $12,190,903,000 after purchasing an additional 2,863,874 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir beat Q3 earnings and revenue estimates, with revenue up 95.9% year over year to $2.31 billion, and raised its 2026 outlook. U.S. commercial sales also exceeded government sales for the first time, underscoring the potential to broaden its customer base. Palantir Q3 results and outlook
• Negative Sentiment: The main concern is slowing bookings: total contract value growth reportedly decelerated sharply, including in U.S. commercial business. Investors worry this could weaken the revenue pipeline and make it harder to sustain Palantir’s rapid growth. Commercial bookings slowdown
• Negative Sentiment: Palantir is also caught in a broader sell-off in AI-related software stocks. Its premium valuation may leave little room for any slowdown or disappointment, while concerns about government and defense spending add uncertainty. Contract growth warning

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security.

The company’s platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.

Founded in 2003, Palantir initially focused on software for government and intelligence work and later expanded its commercial business.