Palantir Technologies (NASDAQ:PLTR) Trading Up 10.3% – Time to Buy?

Palantir Technologies Inc. (NASDAQ:PLTR) shares were up 10.3% during trading on Friday . The stock traded as high as $172.41 and last traded at $172.01. 76,389,535 shares changed hands during trading, an increase of 62% from the average daily volume of 47,132,012 shares. The stock had previously closed at $155.92.

Palantir Technologies News Summary

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

• Positive Sentiment: Blowout earnings and accelerating growth: Palantir reported quarterly revenue of $1.94 billion, up 92.8% year over year and ahead of the $1.81 billion consensus estimate. Adjusted EPS of $0.41 also exceeded expectations of $0.34. The results reinforced the view that strong demand for its Artificial Intelligence Platform and commercial software is translating into substantial revenue and margin growth. Palantir stock jumps nearly 30% after otherworldly quarter
• Positive Sentiment: Analysts raised earnings estimates: Northland Securities increased its FY2026 EPS forecast to $1.24 from $1.08 and its FY2027 estimate to $1.53 from $1.39. The revisions suggest that the latest operating performance may support further upward changes to Wall Street expectations. Palantir Technologies analyst estimates
• Positive Sentiment: Favorable macro and technical momentum: A weaker-than-expected July jobs report lifted expectations that the Federal Reserve may avoid near-term rate increases, supporting high-growth technology stocks. Technical traders also pointed to a potential breakout above resistance near $160, while agentic-AI peers rallied alongside Palantir. SpaceX and Palantir lead tech stock rally
• Neutral Sentiment: Improving sentiment: Jim Cramer’s post-earnings concerns did not materialize, and some analysts now see additional upside as Palantir’s growth reduces competition and valuation concerns. However, the stock’s forward performance depends on continued execution and further AIP adoption. Jim Cramer’s post earnings Palantir worry
• Negative Sentiment: Valuation and selling risks remain: Palantir trades at a very elevated earnings multiple, leaving limited room for weaker growth or margins. ARK Invest trimmed its position after the rally, and investor Michael Burry reportedly continues to hold a short position, highlighting the potential for profit-taking and sharp volatility. Cathie Wood sells Palantir

Analysts Set New Price Targets

A number of brokerages have weighed in on PLTR. Oppenheimer lowered Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday. Piper Sandler reissued an “overweight” rating and set a $230.00 price objective on shares of Palantir Technologies in a research note on Tuesday. BTIG Research cut shares of Palantir Technologies to a “neutral” rating in a research note on Tuesday, June 16th. Cantor Fitzgerald assumed coverage on Palantir Technologies in a research report on Tuesday. They set an “overweight” rating on the stock. Finally, DA Davidson increased their target price on Palantir Technologies from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Moderate Buy” and an average price target of $190.73.

Palantir Technologies Stock Performance

The firm has a market cap of $412.36 billion, a price-to-earnings ratio of 147.02, a PEG ratio of 2.42 and a beta of 1.59. The stock’s fifty day moving average is $131.45 and its two-hundred day moving average is $139.69.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. Palantir Technologies’s revenue was up 92.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 EPS. Sell-side analysts predict that Palantir Technologies Inc. will post 1.21 earnings per share for the current year.

Insider Activity at Palantir Technologies

In related news, insider Alexander C. Karp sold 397,744 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the sale, the insider owned 6,432,258 shares of the company’s stock, valued at $875,044,378.32. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $130.00, for a total value of $4,550,000.00. Following the completion of the sale, the insider owned 642,786 shares of the company’s stock, valued at $83,562,180. This trade represents a 5.16% 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. Insiders sold 1,112,270 shares of company stock worth $150,247,785 in the last three months. Insiders own 9.53% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Basepoint Wealth LLC bought a new stake in Palantir Technologies during the fourth quarter worth approximately $29,000. Ballast Advisors LLC purchased a new position in shares of Palantir Technologies during the first quarter valued at $29,000. Morton Brown Family Wealth LLC increased its holdings in shares of Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the period. Cornerstone Financial Management LLC acquired a new position in Palantir Technologies in the 4th quarter valued at approximately $31,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Palantir Technologies in the first quarter worth $32,000. Institutional investors own 45.65% of the company’s stock.

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.