Palantir Technologies (NASDAQ:PLTR) Price Target Raised to $198.00

Palantir Technologies (NASDAQ:PLTR) had its price objective upped by Cantor Fitzgerald from $155.00 to $198.00 in a research note issued to investors on Tuesday, Marketbeat Ratings reports. Cantor Fitzgerald currently has a neutral rating on the stock. Cantor Fitzgerald also issued estimates for Palantir Technologies’ FY2025 earnings at $0.52 EPS and FY2026 earnings at $0.78 EPS.

Other equities research analysts have also issued research reports about the stock. UBS Group boosted their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday. Wedbush set a $200.00 price target on Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. Mizuho raised their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday. Piper Sandler boosted their target price on Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Loop Capital boosted their price target on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies currently has an average rating of “Hold” and an average price target of $167.66.

Palantir Technologies Stock Down 6.8%

Shares of NASDAQ PLTR opened at $175.05 on Tuesday. Palantir Technologies has a 12 month low of $53.55 and a 12 month high of $207.52. The business’s 50 day moving average is $177.31 and its two-hundred day moving average is $153.08. The company has a market cap of $415.28 billion, a P/E ratio of 416.80, a P/E/G ratio of 7.67 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The business’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts expect that Palantir Technologies will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jeffrey Buckley sold 2,803 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the transaction, the insider directly owned 50,961 shares of the company’s stock, valued at $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,527,750 shares of company stock valued at $234,463,896. Corporate insiders own 9.23% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

Large investors have recently made changes to their positions in the stock. DDD Partners LLC acquired a new stake in Palantir Technologies in the third quarter valued at $657,000. Hanover Advisors Inc. bought a new stake in shares of Palantir Technologies during the third quarter worth approximately $887,000. WJ Financial Advisors LLC bought a new stake in Palantir Technologies in the 3rd quarter valued at $715,000. New World Advisors LLC bought a new stake in shares of Palantir Technologies in the third quarter valued at about $329,000. Finally, Naviter Wealth LLC boosted its holdings in Palantir Technologies by 7.3% in the 3rd quarter. Naviter Wealth LLC now owns 8,789 shares of the company’s stock valued at $1,603,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

About Palantir Technologies

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.