Palantir Technologies (NASDAQ:PLTR) Stock Rated Overweight in New Coverage at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Palantir Technologies (NASDAQ:PLTR) in a research note published on Thursday morning, Marketbeat reports. The brokerage issued an overweight rating and a $262.00 price target on the stock.

Several other research firms have also weighed in on PLTR. Raymond James Financial raised Palantir Technologies from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 8th. Roth Capital initiated coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a “buy” rating on the stock. Cantor Fitzgerald began coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set an “overweight” rating on the stock. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday. Finally, Mizuho lifted their target price on Palantir Technologies from $215.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $208.60.

Palantir Technologies Stock Down 6.3%

Shares of NASDAQ PLTR opened at $184.11 on Thursday. Palantir Technologies has a twelve month low of $106.37 and a twelve month high of $212.94. The firm has a fifty day simple moving average of $186.90 and a 200 day simple moving average of $153.90. The company has a market capitalization of $442.43 billion, a PE ratio of 157.36, a P/E/G ratio of 3.28 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the business earned $0.16 earnings per share. Palantir Technologies’s revenue for the quarter was up 92.8% on a year-over-year basis. As a group, equities analysts expect that Palantir Technologies will post 1.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Ryan D. Taylor sold 18,000 shares of the company’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the transaction, the insider owned 274,667 shares in the company, valued at approximately $55,249,267.05. This represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,250 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $174.29, for a total transaction of $217,862.50. Following the transaction, the insider owned 56,921 shares in the company, valued at $9,920,761.09. This represents a 2.15% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 560,390 shares of company stock valued at $97,909,177. 9.53% of the stock is currently owned by corporate insiders.

Institutional Trading of Palantir Technologies

Large investors have recently made changes to their positions in the company. Pathway Financial Advisers LLC boosted its stake in shares of Palantir Technologies by 21.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,762 shares of the company’s stock valued at $517,000 after purchasing an additional 481 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of Palantir Technologies by 2.3% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 32,024 shares of the company’s stock valued at $6,301,000 after purchasing an additional 715 shares during the last quarter. Jmac Enterprises LLC purchased a new position in Palantir Technologies in the 3rd quarter worth $449,000. Covestor Ltd raised its position in Palantir Technologies by 6.8% in the 3rd quarter. Covestor Ltd now owns 1,229 shares of the company’s stock worth $230,000 after purchasing an additional 78 shares during the period. Finally, Richardson Financial Services Inc. raised its position in Palantir Technologies by 15.4% in the 3rd quarter. Richardson Financial Services Inc. now owns 1,216 shares of the company’s stock worth $227,000 after purchasing an additional 162 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Key Palantir Technologies News

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

• Positive Sentiment: AI demand and earnings expectations remain strong. Analysts expect third-quarter revenue to increase about 84%, supported by demand for Palantir’s Artificial Intelligence Platform (AIP) across government and commercial customers. Investors are also looking for another revenue beat and a potential increase to full-year guidance. Will Top-Line Improvement Benefit Palantir in Q3 Earnings?
• Positive Sentiment: Several analysts see additional upside. JPMorgan initiated coverage with an Overweight rating, placed Palantir on its Analyst Focus List and set a December 2027 price target of $262. Oppenheimer also raised its target to $235 from $200 and maintained an Outperform rating, citing the potential for continued revenue beats. JPMorgan starts Palantir at Overweight
• Neutral Sentiment: Earnings are the immediate catalyst. Wall Street expects exceptional revenue and profit growth, but the stock’s roughly 60% rally since its previous report has raised the bar. Investors will focus on revenue growth, commercial customer momentum and guidance when Palantir reports. Should Palantir Stock Be in Your Portfolio Before Q3 Earnings?
• Negative Sentiment: Valuation and chart weakness are limiting enthusiasm. With a market capitalization above $440 billion and a price-to-earnings ratio near 157, Palantir has substantial growth already priced in. Shares are testing their 50-day moving average near $186.70; technical analysts identify stronger support around $160–$166 if the earnings reaction disappoints. Palantir Price Forecast: Earnings Loom as Downside Risks Build
• Negative Sentiment: Market conditions are adding pressure. A broader technology sell-off and concerns about excessive AI spending have encouraged investors to adopt a more defensive stance. Morgan Stanley has retained a Hold rating, citing Palantir’s rich valuation, while a negative earnings-surprise indicator adds near-term risk. Ahead of Palantir Earnings, Here’s What Barchart Data Says

Palantir Technologies Company Profile

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.