Wedbush Reaffirms “Outperform” Rating for Palantir Technologies (NASDAQ:PLTR)

Palantir Technologies (NASDAQ:PLTR)‘s stock had its “outperform” rating reaffirmed by investment analysts at Wedbush in a note issued to investors on Friday,Benzinga reports. They currently have a $230.00 target price on the stock. Wedbush’s price objective would suggest a potential upside of 65.69% from the company’s previous close.

PLTR has been the subject of a number of other reports. Mizuho reduced their price target on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. HSBC cut Palantir Technologies from a “buy” rating to a “hold” rating and cut their target price for the stock from $205.00 to $151.00 in a research report on Friday, May 1st. Oppenheimer started coverage on Palantir Technologies in a report on Thursday, April 30th. They issued an “outperform” rating and a $200.00 target price for the company. Argus raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Wednesday, May 6th. Finally, Benchmark began coverage on Palantir Technologies in a research note on Wednesday, April 1st. They set a “hold” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.76.

Palantir Technologies Trading Down 2.0%

PLTR stock opened at $138.81 on Friday. The stock has a market cap of $332.78 billion, a P/E ratio of 155.52, a PEG ratio of 2.26 and a beta of 1.53. Palantir Technologies has a twelve month low of $121.92 and a twelve month high of $207.52. The company’s 50 day moving average is $141.19 and its two-hundred day moving average is $154.99.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the firm posted $0.13 EPS. The company’s revenue was up 84.7% on a year-over-year basis. On average, equities research analysts predict that Palantir Technologies will post 1.18 earnings per share for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Alexander C. Karp sold 397,744 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $54,109,093.76. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $875,044,378.32. This represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeffrey Buckley sold 830 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $137.41, for a total value of $114,050.30. Following the completion of the sale, the insider directly owned 61,707 shares of the company’s stock, valued at approximately $8,479,158.87. This trade represents a 1.33% decrease in their position. 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. Over the last ninety days, insiders sold 925,789 shares of company stock worth $126,007,032. Corporate insiders own 9.53% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

Institutional investors have recently made changes to their positions in the stock. Revolve Wealth Partners LLC purchased a new position in shares of Palantir Technologies in the 4th quarter valued at about $450,000. Bison Wealth LLC boosted its holdings in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after buying an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC grew its position in Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after buying an additional 4,722 shares during the period. Schnieders Capital Management LLC. grew its position in Palantir Technologies by 36.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock worth $858,000 after buying an additional 1,694 shares during the period. Finally, Vivaldi Capital Management LP purchased a new position in Palantir Technologies in the second quarter valued at about $315,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir unveiled multiple new enterprise wins at AIPCon 10, including partnerships with Google Cloud, Kirkland & Ellis, McCarthy Building Companies, and GNP Seguros. These deals expand Palantir’s AI platform reach across software, legal, construction, and insurance, reinforcing the company’s growth narrative. Article Title
• Positive Sentiment: Palantir announced an expanded Google Cloud partnership that integrates Foundry and AIP with Gemini and BigQuery and makes Palantir available on Google Cloud Marketplace, which could improve distribution and deepen enterprise adoption. Article Title
• Positive Sentiment: Analysts and market commentary continue to point to Palantir as a major AI beneficiary, and several pieces note that the company’s recent announcements could help justify investor enthusiasm even after volatility. Article Title
• Neutral Sentiment: Some coverage frames Palantir as a stock with strong execution but a rich valuation, suggesting investors are weighing growth against a high earnings multiple and recent volatility.
• Negative Sentiment: Michael Burry reiterated a bearish view on Palantir, warning that the stock remains overvalued; that kind of high-profile criticism can weigh on sentiment even amid operational progress. Article Title
• Negative Sentiment: Palantir also faces broader policy and reputation risk after CEO Alex Karp warned about possible AI nationalization pressures, while separate reports noted criticism of the company’s NHS contract in the U.K. Article Title

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.