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

Rosenblatt Securities restated their buy rating on shares of Palantir Technologies (NASDAQ:PLTR) in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has a $260.00 target price on the stock.

PLTR has been the subject of several other research reports. Raymond James Financial raised Palantir Technologies from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 8th. Zacks Research cut Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Royal Bank Of Canada increased their price objective on Palantir Technologies from $90.00 to $130.00 and gave the company an “underperform” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a report on Monday, October 26th. Finally, Piper Sandler restated an “overweight” rating and issued a $235.00 target price (up from $231.00) on shares of Palantir Technologies in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $214.53.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $154.99 on Tuesday. Palantir Technologies has a fifty-two week low of $106.37 and a fifty-two week high of $212.94. The stock has a market cap of $372.45 billion, a P/E ratio of 108.38, a price-to-earnings-growth ratio of 3.60 and a beta of 1.65. The firm’s fifty day moving average price is $186.39 and its 200-day moving average price is $153.78.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the business earned $0.21 earnings per share. The firm’s quarterly revenue was up 95.9% compared to the same quarter last year. On average, analysts predict that Palantir Technologies will post 1.31 earnings per share for the current year.

Insider Activity at Palantir Technologies

In related news, insider Ryan Taylor sold 18,000 shares of Palantir Technologies stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $201.15, for a total value of $3,620,700.00. Following the transaction, the insider owned 274,667 shares in the company, valued at $55,249,267.05. This trade represents a 6.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65. Following the completion of the sale, the insider directly owned 58,171 shares of the company’s stock, valued at $10,170,035.93. This represents a 3.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold 523,716 shares of company stock worth $92,212,379 in the last 90 days. Corporate insiders own 9.53% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of PLTR. CENTRAL TRUST Co lifted its holdings in Palantir Technologies by 1.6% in the 3rd quarter. CENTRAL TRUST Co now owns 10,134 shares of the company’s stock worth $1,895,000 after purchasing an additional 156 shares in the last quarter. Fifth Third Bancorp grew its holdings in Palantir Technologies by 5.5% during the 3rd quarter. Fifth Third Bancorp now owns 488,508 shares of the company’s stock valued at $91,375,000 after buying an additional 25,275 shares in the last quarter. Three Bridge Wealth Advisors LLC purchased a new stake in Palantir Technologies during the 3rd quarter valued at approximately $150,000. Artemis Wealth Advisors LLC purchased a new position in shares of Palantir Technologies in the third quarter worth $1,683,000. Finally, Endeavor Private Wealth Inc. boosted its position in shares of Palantir Technologies by 11.2% during the third quarter. Endeavor Private Wealth Inc. now owns 2,251 shares of the company’s stock worth $421,000 after acquiring an additional 226 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir reported revenue of $2.31 billion, up about 96% year over year, and adjusted EPS of $0.44, beating analyst estimates. U.S. commercial revenue surged 148%, and the company raised its full-year outlook, underscoring strong demand for its AI software. Palantir’s third-quarter results
• Positive Sentiment: Some investors and analysts remain constructive: ARK Invest bought Palantir shares during the selloff, and several research firms have maintained Buy ratings or raised price targets. ARK Invest purchases Palantir shares
• Negative Sentiment: Strong revenue growth has not eased concerns about future deal momentum. Reports cite slower contract-growth metrics, including a sharp quarter-over-quarter slowdown in total contract value growth, prompting questions about whether new bookings can sustain the pace of sales. Contract growth and spending concerns
• Negative Sentiment: Palantir’s premium valuation leaves little room for disappointment, and investors are taking profits in high-flying AI and software shares. The selloff is also tied to election-related concerns that a Democratic-controlled Congress could curb the proposed defense budget, creating uncertainty for government-focused business. Election and sector pressures

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.