Brokerages Set Palantir Technologies Inc. (NASDAQ:PLTR) Target Price at $190.85

Palantir Technologies Inc. (NASDAQ:PLTR) has received an average rating of “Moderate Buy” from the thirty-five ratings firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, nineteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $190.8462.

A number of equities research analysts recently issued reports on PLTR shares. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 target price on shares of Palantir Technologies in a research report on Friday, June 5th. President Capital raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $25.50 to $133.00 in a research note on Monday, June 29th. Wolfe Research upgraded shares of Palantir Technologies from an “underperform” rating to a “peer perform” rating in a report on Tuesday, June 16th. Phillip Securities boosted their price objective on shares of Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Finally, DZ Bank started coverage on shares of Palantir Technologies in a report on Thursday, April 23rd. They set a “buy” rating and a $175.00 target price for the company.

Insider Activity at Palantir Technologies

In related news, insider Ryan D. Taylor sold 19,662 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $2,674,818.48. Following the completion of the transaction, the insider directly owned 199,759 shares of the company’s stock, valued at approximately $27,175,214.36. This represents a 8.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Glazer sold 17,128 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,330,093.12. Following the completion of the transaction, the insider owned 375,242 shares of the company’s stock, valued at approximately $51,047,921.68. This represents a 4.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 1,112,270 shares of company stock worth $150,247,785. Corporate insiders own 9.53% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

Several large investors have recently made changes to their positions in PLTR. Basepoint Wealth LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter worth about $29,000. Ballast Advisors LLC acquired a new position in Palantir Technologies in the 1st quarter valued at about $29,000. Morton Brown Family Wealth LLC grew its stake in Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after buying an additional 125 shares during the last quarter. Cornerstone Financial Management LLC bought a new position in Palantir Technologies in the 4th quarter valued at about $31,000. Finally, United Financial Planning Group LLC bought a new position in Palantir Technologies in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Down 2.4%

Shares of NASDAQ:PLTR opened at $129.04 on Friday. The firm has a market cap of $309.35 billion, a price-to-earnings ratio of 144.99, a PEG ratio of 2.11 and a beta of 1.56. Palantir Technologies has a 12 month low of $106.37 and a 12 month high of $207.52. The company’s fifty day simple moving average is $132.81 and its 200 day simple moving average is $146.54.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company’s revenue was up 84.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. Research analysts expect that Palantir Technologies will post 1.17 earnings per share for the current fiscal year.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir expanded its partnership with GNP Seguros, marking its first publicly announced commercial customer in Latin America and signaling continued international commercial growth.
• Positive Sentiment: Analyst commentary and bullish articles argue that Palantir still has upside left because its revenue growth remains strong and its software platform is difficult to replicate.
• Positive Sentiment: Coverage also says the recent pullback has reduced some of the stock’s valuation risk, improving the risk-reward profile for investors who believe growth can keep accelerating.
• Neutral Sentiment: Multiple pieces debate whether PLTR could reach $200 in 2026, but they emphasize that the answer largely depends on whether the market continues to reward Palantir’s AI story at a very rich valuation.
• Neutral Sentiment: Palantir announced a new operating framework with Rackspace to deploy Foundry and AIP in regulated and sovereign environments; this supports the company’s AI platform strategy, though the Rackspace stock reaction was negative because of Rackspace-specific guidance concerns.
• Negative Sentiment: Investor concerns over Palantir’s high valuation remain a major headwind, with articles pointing out that the stock still trades at elevated multiples despite strong growth.
• Negative Sentiment: Political scrutiny over Palantir’s government contracts, including reports about possible House/Democratic targeting and blocked UK police work, has added uncertainty to a business line that is central to the company’s revenue base.
• Negative Sentiment: The stock has also been dragged lower by a broader rotation out of expensive AI and software names, as investors worry about slower near-term AI adoption and stretched expectations.

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.