Palantir Technologies (NASDAQ:PLTR) Receives “Overweight” Rating from Piper Sandler

Palantir Technologies (NASDAQ:PLTR)‘s stock had its “overweight” rating reissued by Piper Sandler in a research report issued on Tuesday,Benzinga reports. They presently have a $230.00 price objective on the stock. Piper Sandler’s price target would suggest a potential upside of 83.05% from the stock’s previous close.

PLTR has been the topic of a number of other reports. William Blair reiterated an “outperform” rating on shares of Palantir Technologies in a research report on Tuesday. President Capital raised 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. Argus upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Wednesday, May 6th. DA Davidson reissued a “buy” rating and set a $175.00 price objective on shares of Palantir Technologies in a research report on Friday, July 17th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $138.00 price objective on shares of Palantir Technologies in a report on Friday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $184.96.

Palantir Technologies Stock Up 2.1%

Shares of Palantir Technologies stock opened at $125.65 on Tuesday. The company’s fifty day simple moving average is $130.16 and its two-hundred day simple moving average is $140.04. Palantir Technologies has a 12-month low of $106.37 and a 12-month high of $207.52. The firm has a market cap of $301.22 billion, a PE ratio of 141.18, a price-to-earnings-growth ratio of 1.97 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. Palantir Technologies’s revenue for the quarter was up 92.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 earnings per share. As a group, sell-side analysts expect that Palantir Technologies will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 319,934 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $43,523,821.36. Following the sale, the insider directly owned 592 shares of the company’s stock, valued at $80,535.68. This represents a 99.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction 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. The trade was 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. In the last three months, insiders have sold 1,112,270 shares of company stock valued at $150,247,785. Company insiders own 9.53% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

Several hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new position in Palantir Technologies in the 4th quarter worth about $5,149,641,000. Jennison Associates LLC purchased a new stake in shares of Palantir Technologies during the 1st quarter valued at about $1,574,111,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Palantir Technologies by 277.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock worth $1,528,143,000 after acquiring an additional 7,678,747 shares during the period. State Street Corp grew its stake in shares of Palantir Technologies by 7.2% in the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after acquiring an additional 6,777,771 shares during the period. Finally, Cardano Risk Management B.V. raised its holdings in shares of Palantir Technologies by 917.4% during the fourth quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock valued at $1,170,596,000 after purchasing an additional 5,938,343 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: Blowout Q2 results: Revenue increased 92.8% year over year to approximately $1.94 billion, exceeding the $1.81 billion consensus estimate. Adjusted earnings of $0.41 per share also topped expectations, while GAAP net income reached $1.06 billion. Palantir posts blowout Q2 numbers
• Positive Sentiment: Commercial AI demand accelerated: U.S. commercial revenue surged 149% year over year to $764 million, while total U.S. revenue grew 115%. Management attributed the momentum to enterprises seeking greater control over their AI models, data and operations—a trend CEO Alex Karp calls “AI sovereignty.” Palantir commercial revenue and AI sovereignty
• Positive Sentiment: Raised guidance: Palantir now expects roughly $8.15 billion-$8.16 billion in 2026 revenue, compared with about $7.7 billion expected by analysts. Third-quarter revenue guidance of approximately $2.16 billion-$2.16 billion also exceeds consensus. The company reported a 62% adjusted operating margin and $1.22 billion in free cash flow. Palantir raises annual revenue forecast
• Positive Sentiment: Defense opportunity expanded: Palantir partnered with Mercury Systems to automate material planning and factory operations supporting U.S. military programs, adding to its government growth narrative. Mercury Systems partnership
• Neutral Sentiment: CEO Alex Karp renewed criticism of frontier AI laboratories, warning enterprises not to surrender proprietary data. The comments reinforce Palantir’s differentiated positioning but could increase controversy around management’s public messaging. Palantir CEO comments on AI labs
• Negative Sentiment: Despite the operating momentum, PLTR trades at a price-to-earnings ratio above 140, leaving the stock vulnerable if growth or guidance disappoints. Reported insider activity has also been heavily weighted toward sales, which may reinforce valuation concerns.

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.