Weekly Research Analysts’ Ratings Updates for Palantir Technologies (PLTR)

A number of firms have modified their ratings and price targets on shares of Palantir Technologies (NASDAQ: PLTR) recently:

• 1/23/2025 – Palantir Technologies had its price target raised by analysts at Wedbush from $75.00 to $90.00. They now have an “outperform” rating on the stock.
• 1/17/2025 – Palantir Technologies is now covered by analysts at Cantor Fitzgerald. They set a “neutral” rating and a $72.00 price target on the stock.
• 1/16/2025 – Palantir Technologies was upgraded by analysts at Cantor Fitzgerald to a “hold” rating. They now have a $72.00 price target on the stock.
• 1/6/2025 – Palantir Technologies had its “underweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $60.00 price target on the stock.
• 12/19/2024 – Palantir Technologies is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $80.00 price target on the stock.
• 12/18/2024 – Palantir Technologies had its “underperform” rating reaffirmed by analysts at William Blair.
• 12/13/2024 – Palantir Technologies had its price target raised by analysts at Mizuho from $37.00 to $44.00. They now have an “underperform” rating on the stock.
• 12/12/2024 – Palantir Technologies is now covered by analysts at Robert W. Baird. They set a “neutral” rating and a $70.00 price target on the stock.
• 12/12/2024 – Palantir Technologies was upgraded by analysts at Baird R W to a “hold” rating.
• 12/4/2024 – Palantir Technologies had its “underperform” rating reaffirmed by analysts at William Blair.
• 11/25/2024 – Palantir Technologies had its price target raised by analysts at Wedbush from $57.00 to $75.00. They now have an “outperform” rating on the stock.
• 11/25/2024 – Palantir Technologies had its price target raised by analysts at Bank of America Co. from $55.00 to $75.00. They now have a “buy” rating on the stock.

Palantir Technologies Stock Performance

NASDAQ:PLTR traded up $0.55 during trading hours on Thursday, hitting $77.42. The stock had a trading volume of 33,373,504 shares, compared to its average volume of 68,242,047. Palantir Technologies Inc. has a one year low of $16.03 and a one year high of $84.80. The company has a market cap of $176.36 billion, a price-to-earnings ratio of 387.11, a P/E/G ratio of 6.73 and a beta of 2.82. The business’s 50 day moving average is $71.30 and its 200-day moving average is $48.32.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The firm’s revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 earnings per share. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, the director now directly owns 195,393 shares of the company’s stock, valued at $13,996,000.59. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the sale, the director now directly owns 62,139 shares in the company, valued at $4,740,584.31. The trade was a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,642,189 shares of company stock worth $1,444,232,453 in the last quarter. 12.93% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in Palantir Technologies during the 3rd quarter valued at $25,000. Prestige Wealth Management Group LLC increased its holdings in Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after buying an additional 650 shares during the last quarter. First PREMIER Bank purchased a new stake in Palantir Technologies during the fourth quarter worth about $28,000. Wolff Wiese Magana LLC increased its holdings in Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after buying an additional 265 shares during the last quarter. Finally, University of Texas Texas AM Investment Management Co. purchased a new position in shares of Palantir Technologies in the second quarter worth about $30,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

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.