Citigroup Cuts Palantir Technologies (NASDAQ:PLTR) Price Target to $200.00

Palantir Technologies (NASDAQ:PLTR) had its price target trimmed by Citigroup from $225.00 to $200.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

PLTR has been the topic of several other research reports. Oppenheimer began coverage on shares of Palantir Technologies in a research report on Thursday, April 30th. They set an “outperform” rating and a $200.00 price objective on the stock. Weiss Ratings downgraded Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, April 27th. UBS Group raised shares of Palantir Technologies from a “buy” rating to a “buy” rating in a research note on Tuesday, June 16th. HSBC lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $205.00 to $151.00 in a research report on Friday, May 1st. Finally, Phillip Securities upped their target price on Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $189.88.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $122.92 on Friday. The business’s 50-day simple moving average is $131.55 and its two-hundred day simple moving average is $142.33. Palantir Technologies has a 52 week low of $106.37 and a 52 week high of $207.52. The stock has a market cap of $294.68 billion, a PE ratio of 138.11, a P/E/G ratio of 1.96 and a beta of 1.56.

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

Insiders Place Their Bets

In other news, insider Stephen Andrew Cohen sold 319,934 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 transaction of $43,523,821.36. Following the transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $80,535.68. This trade represents a 99.82% decrease in their ownership of the stock. The sale 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 David A. Glazer sold 17,128 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $2,330,093.12. Following the sale, the insider directly owned 375,242 shares of the company’s stock, valued at $51,047,921.68. This represents a 4.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 1,112,270 shares of company stock worth $150,247,785. 9.53% of the stock is owned by company insiders.

Institutional Investors Weigh In On Palantir Technologies

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Palantir Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock valued at $38,295,188,000 after purchasing an additional 1,557,828 shares in the last quarter. State Street Corp raised its stake in Palantir Technologies by 1.1% in the fourth quarter. State Street Corp now owns 102,385,317 shares of the company’s stock worth $18,198,990,000 after buying an additional 1,126,418 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Palantir Technologies by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock worth $9,599,882,000 after buying an additional 805,047 shares during the period. Norges Bank bought a new stake in Palantir Technologies during the 4th quarter valued at $5,149,641,000. Finally, Invesco Ltd. boosted its position in Palantir Technologies by 2.8% during the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock valued at $3,984,281,000 after acquiring an additional 616,297 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Citi lowered its price target on Palantir to $200 from $225 but kept a Buy rating, signaling continued confidence in the company’s long-term upside and pointing to expected commercial growth rebound. Benzinga article
• Positive Sentiment: Multiple analyst write-ups highlighted Palantir’s strong growth profile, with Wall Street price-target averages implying meaningful upside and recent earnings estimate revisions moving higher. Zacks article
• Positive Sentiment: Palantir and other major tech firms defended open AI models in Washington, which could help avoid new restrictions that might slow AI adoption and enterprise spending. Financial Times article
• Neutral Sentiment: Several stories ahead of the Aug. 3 earnings report focused on Palantir’s business model, investor base, and CEO Alex Karp’s bullish comments on AI, but these were largely commentary rather than new company-specific catalysts. TipRanks article
• Neutral Sentiment: Other coverage noted that Palantir remains a high-growth AI name with strong free cash flow, but also emphasized that the stock has already fallen sharply in 2026 and is being judged against a demanding valuation. MarketBeat article
• Negative Sentiment: Investors appear cautious ahead of earnings, with headlines saying Palantir is tumbling before the report and that concerns over valuation, competition from open-source AI, and broader AI stock weakness are weighing on sentiment. Yahoo Finance article

Palantir Technologies Company Profile

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.