Palantir Technologies Inc. (NASDAQ:PLTR) Stock Has Consensus Price Target of $198.75

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) have earned a consensus rating of “Moderate Buy” from the thirty-seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, twenty-three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $201.61.

Several brokerages recently weighed in on PLTR. Citigroup cut Palantir Technologies from a “buy” rating to a “market perform” rating in a research note on Tuesday, August 4th. DA Davidson boosted their price target on shares of Palantir Technologies from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, September 11th. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 price target on shares of Palantir Technologies in a research report on Wednesday, September 23rd. Jefferies Financial Group reissued an “underperform” rating and issued a $80.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, Piper Sandler restated an “overweight” rating and set a $230.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th.

Insiders Place Their Bets

In related news, insider Jeffrey Buckley sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the sale, the insider directly owned 56,921 shares in the company, valued at $9,920,761.09. The trade was a 2.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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. Also, insider Ryan Taylor sold 18,000 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 274,667 shares of the company’s stock, valued at approximately $55,249,267.05. This represents a 6.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 560,390 shares of company stock worth $97,909,177. Company insiders own 9.53% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

Large investors have recently modified their holdings of the stock. Signature Resources Capital Management LLC boosted its position in shares of Palantir Technologies by 369.9% in the 3rd quarter. Signature Resources Capital Management LLC now owns 484 shares of the company’s stock worth $91,000 after purchasing an additional 381 shares during the last quarter. Onyx Bridge Wealth Group LLC grew its stake in shares of Palantir Technologies by 9.3% during the third quarter. Onyx Bridge Wealth Group LLC now owns 24,556 shares of the company’s stock worth $4,593,000 after purchasing an additional 2,095 shares during the period. SteelPeak Wealth LLC grew its stake in shares of Palantir Technologies by 80.7% during the third quarter. SteelPeak Wealth LLC now owns 182,621 shares of the company’s stock worth $34,159,000 after purchasing an additional 81,543 shares during the period. IFP Advisors Inc increased its holdings in Palantir Technologies by 9.8% in the third quarter. IFP Advisors Inc now owns 101,075 shares of the company’s stock valued at $18,906,000 after purchasing an additional 8,989 shares during the last quarter. Finally, Founders Grove Wealth Partners LLC bought a new stake in Palantir Technologies in the third quarter valued at about $324,000. 45.65% of the stock is owned by institutional investors.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir and Ondas launched Regna AI, a venture focused on sovereign-AI solutions for defense and enterprise missions. The initiative could expand Palantir’s opportunities in autonomous systems, surveillance and other mission-critical applications. Regna AI launch
• Positive Sentiment: Palantir expanded its commercial reach through a collaboration with Customers Bank, which will deploy the Foundry and AIP platforms to automate commercial-client onboarding. The agreement supports the company’s strategy of diversifying beyond government and defense customers. Customers Bank collaboration
• Neutral Sentiment: Analyst sentiment remains broadly constructive, including Goldman Sachs’ upgrade to Buy and recent targets above the current trading range. However, coverage also emphasizes that expectations are high ahead of Palantir’s November 2 third-quarter earnings report. Analyst views ahead of earnings
• Negative Sentiment: Broader technology and AI stocks sold off as investors questioned how the industry will finance its large-scale AI buildout and which companies will ultimately generate sufficient returns. Palantir was pulled lower along with other enterprise-software shares. Enterprise software selloff
• Negative Sentiment: Valuation concerns are intensifying after the rally. Commentary highlights a price-to-earnings multiple near 170 times, leaving limited room for slower growth, weaker guidance or an earnings reaction that falls short of elevated expectations. Palantir valuation analysis
• Negative Sentiment: Insider-sale disclosures added to selling pressure. Recent filings show sales by directors and other executives, including transactions made under prearranged Rule 10b5-1 plans; these do not necessarily signal deteriorating fundamentals but can weigh on sentiment and increase available supply. Palantir insider sales

Palantir Technologies Price Performance

PLTR opened at $186.03 on Friday. The business has a 50 day moving average price of $182.61 and a two-hundred day moving average price of $152.00. The company has a market capitalization of $447.04 billion, a price-to-earnings ratio of 159.00, a price-to-earnings-growth ratio of 3.27 and a beta of 1.60. Palantir Technologies has a 1-year low of $106.37 and a 1-year high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly 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. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The firm’s revenue for the quarter was up 92.8% on a year-over-year basis. During the same period last year, the firm earned $0.16 EPS. Equities analysts expect that Palantir Technologies will post 1.31 EPS for the current fiscal year.

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.