Palantir Technologies’ (PLTR) Buy Rating Reiterated at Rosenblatt Securities

Palantir Technologies (NASDAQ:PLTR)‘s stock had its “buy” rating reaffirmed by investment analysts at Rosenblatt Securities in a report issued on Thursday,Benzinga reports. They currently have a $225.00 price target on the stock. Rosenblatt Securities’ target price indicates a potential upside of 82.93% from the company’s current price.

A number of other equities analysts have also recently issued reports on PLTR. Benchmark cut Palantir Technologies to a “hold” rating in a report on Tuesday, June 16th. Cantor Fitzgerald restated a “neutral” rating and set a $138.00 price target on shares of Palantir Technologies in a report on Friday, May 22nd. HSBC downgraded Palantir Technologies from a “buy” rating to a “hold” rating and lowered their price objective for the company from $205.00 to $151.00 in a research note on Friday, May 1st. Zacks Research raised shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Citigroup cut their price target on shares of Palantir Technologies from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.88.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $123.00 on Thursday. The firm’s fifty day moving average price is $130.96 and its two-hundred day moving average price is $141.20. The stock has a market cap of $294.87 billion, a PE ratio of 138.20, a PEG ratio of 1.97 and a beta of 1.56. Palantir Technologies has a fifty-two week low of $106.37 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping 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 in the prior year, the business earned $0.13 earnings per share. The company’s revenue for the quarter was up 84.7% compared to the same quarter last year. As a group, sell-side analysts predict that Palantir Technologies will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Lauren Elaina Friedman Stat sold 1,598 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $160.00, for a total value of $255,680.00. Following the completion of the sale, the director owned 55,022 shares in the company, valued at $8,803,520. This represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $128.80, for a total transaction of $190,752.80. Following the completion of the sale, the insider owned 60,226 shares of the company’s stock, valued at approximately $7,757,108.80. This trade represents a 2.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,112,270 shares of company stock valued at $150,247,785 over the last 90 days. 9.53% of the stock is currently owned by company insiders.

Institutional Trading of Palantir Technologies

Several hedge funds have recently made changes to their positions in PLTR. Basepoint Wealth LLC bought a new stake in Palantir Technologies in the 4th quarter valued at about $29,000. Ballast Advisors LLC bought a new position in shares of Palantir Technologies in the first quarter worth $29,000. Morton Brown Family Wealth LLC raised its stake in shares of Palantir Technologies by 250.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the period. Cornerstone Financial Management LLC purchased a new stake in Palantir Technologies during the 4th quarter worth about $31,000. Finally, Clayton Financial Group LLC boosted its stake in Palantir Technologies by 500.0% in the 4th quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock worth $32,000 after purchasing an additional 150 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir’s fundamentals remain a major bullish argument: first-quarter revenue rose 84.7% year over year to $1.63 billion, earnings exceeded estimates, and management raised full-year revenue guidance to approximately $7.65 billion–$7.66 billion. Some analysts expect another strong “beat and raise” in the upcoming report. Smart Money Shifts: Palantir Gains Hedge Fund Backing
• Positive Sentiment: Several analysts and commentators continue to view the stock as attractive after its sizable retreat from its high, citing accelerating U.S. commercial demand, larger artificial-intelligence contracts, and stronger estimates relative to peers such as Accenture. Hedge-fund backing is another supportive signal. PLTR vs. ACN: Which Leading Tech Stock Should You Consider?
• Neutral Sentiment: The Aug. 3 earnings release is the key near-term catalyst. Options markets imply an unusually large potential move, meaning a results-driven rally or selloff is possible depending on revenue growth, commercial bookings, margins, and forward guidance. Options Traders Expect a Large Swing in PLTR
• Negative Sentiment: Valuation remains the central risk. With Palantir valued at roughly 138 times earnings, investors are demanding exceptional execution; critics, including Michael Burry, argue that the shares could be vulnerable if AI spending or growth slows. The Bull and Bear Case for Palantir, According to Wall Street
• Negative Sentiment: Recent profit-taking and cautious positioning have weighed on the shares, while technical indicators show weakness: the stock is below key short- and long-term moving averages. Reports of insider selling and options hedging add to the defensive tone. Palantir Stock Holds Below Major Moving Averages
• Negative Sentiment: France’s move toward domestic provider ChapsVision for certain national-security and intelligence contracts raises concerns about Palantir’s European government growth and broader data-sovereignty risks. Palantir Faces a French Exit

About Palantir Technologies

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.