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

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

• 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.
• 12/4/2024 – 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.
• 11/7/2024 – Palantir Technologies was downgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to an “underperform” rating. They now have a $28.00 price target on the stock.
• 11/7/2024 – Palantir Technologies had its price target raised by analysts at The Goldman Sachs Group, Inc. from $16.00 to $41.00. They now have a “neutral” rating on the stock.
• 11/7/2024 – Palantir Technologies was downgraded by analysts at Argus from a “buy” rating to a “hold” rating.
• 11/5/2024 – Palantir Technologies had its price target raised by analysts at Mizuho from $30.00 to $37.00. They now have an “underperform” rating on the stock.
• 11/5/2024 – Palantir Technologies had its price target raised by analysts at DA Davidson from $28.00 to $47.00. They now have a “neutral” rating on the stock.
• 11/5/2024 – Palantir Technologies had its price target raised by analysts at Northland Securities from $35.00 to $38.00. They now have a “market perform” rating on the stock.
• 10/17/2024 – Palantir Technologies had its price target raised by analysts at Mizuho from $24.00 to $30.00. They now have an “underperform” rating on the stock.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock traded up $0.69 during mid-day trading on Thursday, hitting $73.20. 73,522,723 shares of the stock were exchanged, compared to its average volume of 59,907,418. The company has a market capitalization of $166.75 billion, a P/E ratio of 366.00, a P/E/G ratio of 10.29 and a beta of 2.87. The company has a 50-day simple moving average of $54.35 and a 200 day simple moving average of $37.76. Palantir Technologies Inc. has a 12 month low of $15.66 and a 12 month high of $80.91.

Palantir Technologies (NYSE:PLTR) last released its earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $725.52 million for the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The business’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.03 EPS. Analysts predict that Palantir Technologies Inc. will post 0.21 EPS for the current year.

Insider Buying and Selling

In other news, Director Peter Thiel sold 4,254,666 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $36.77, for a total transaction of $156,444,068.82. Following the sale, the director now directly owns 51,234,275 shares in the company, valued at $1,883,884,291.75. This represents a 7.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $36.35, for a total transaction of $218,100.00. Following the completion of the transaction, the director now owns 152,280 shares of the company’s stock, valued at $5,535,378. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,252,313 shares of company stock valued at $1,967,089,241. 12.93% of the stock is owned by insiders.

Institutional Investors Weigh In On Palantir Technologies

Several large investors have recently added to or reduced their stakes in the business. Retirement Systems of Alabama purchased a new stake in Palantir Technologies in the third quarter valued at approximately $16,372,000. Oddo BHF Asset Management Sas bought a new position in shares of Palantir Technologies in the 3rd quarter worth $631,000. Beaird Harris Wealth Management LLC raised its position in shares of Palantir Technologies by 1,736.1% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 31,085 shares of the company’s stock valued at $1,156,000 after buying an additional 29,392 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Palantir Technologies by 102.3% during the 3rd quarter. Franklin Resources Inc. now owns 171,653 shares of the company’s stock worth $6,385,000 after acquiring an additional 86,793 shares during the last quarter. Finally, Tri Ri Asset Management Corp purchased a new position in Palantir Technologies in the third quarter worth $23,403,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.