Palantir Technologies (NASDAQ:PLTR) Stock Price Up 2.5% on Analyst Upgrade

Palantir Technologies Inc. (NASDAQ:PLTR) shares rose 2.5% during mid-day trading on Thursday after Citigroup raised their price target on the stock from $210.00 to $225.00. Citigroup currently has a buy rating on the stock. Palantir Technologies traded as high as $140.95 and last traded at $137.0920. Approximately 49,563,226 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 49,953,316 shares. The stock had previously closed at $133.79.

Several other brokerages have also recently issued reports on PLTR. DZ Bank initiated coverage on shares of Palantir Technologies in a research note on Thursday, April 23rd. They issued a “buy” rating and a $175.00 price objective on the stock. Robert W. Baird raised shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price objective on the stock in a research note on Tuesday, February 3rd. Royal Bank Of Canada reissued an “underperform” rating and issued a $90.00 price objective on shares of Palantir Technologies in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $200.00 price objective on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Finally, Truist Financial assumed coverage on shares of Palantir Technologies in a research note on Tuesday, January 6th. They issued a “buy” rating and a $223.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $194.68.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 19,988 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,672,795.36. Following the transaction, the insider directly owned 219,421 shares of the company’s stock, valued at $29,340,976.12. This represents a 8.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 327,088 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the transaction, the insider directly owned 592 shares in the company, valued at approximately $79,162.24. This trade represents a 99.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,029,479 shares of company stock worth $137,685,797. Company insiders own 9.53% of the company’s stock.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Q1 beat and stronger guidance — Palantir reported $1.63B revenue (≈+85% YoY), beat EPS estimates and raised full‑year revenue outlook, reinforcing the AI growth narrative that drove buying interest. Palantir lifts annual revenue forecast on robust US government demand
• Positive Sentiment: Analyst upgrades and higher targets — multiple firms (Argus, Citi and others) upgraded or raised targets after Q1, narrowing the gap between fundamentals and the stock and supporting upside sentiment. Palantir Stock: Bulls and Bears are Divided, But Its AI Growth Is Hard to Ignore
• Positive Sentiment: Defense/contract momentum — Palantir joined the U.S. Army’s interoperability “Right to Integrate” hackathon, highlighting continued government demand and defense pipeline visibility. Palantir Joins U.S. Army and Industry Partners for “Right to Integrate” Hackathon Sprint for Defense-wide Interoperability
• Neutral Sentiment: Sector tailwinds — a broad software/AI recovery is lifting peers and helping PLTR’s technical momentum, but broader participation is needed to sustain gains. Software Stocks Are Climbing Again. Palantir and Uber Are Key—Watch Their Charts.
• Neutral Sentiment: Strong unit economics — publications note Palantir’s exceptional Rule of 40 and margin leverage, which supports long‑term bulls but is already priced into the stock. Palantir Is Breaking The Rule Of 40—And That May Be The Bigger Story Than AI
• Negative Sentiment: Post‑earnings profit‑taking & valuation anxiety — despite stellar results some investors sold into the print; critics point to lofty multiples and concentrated downside risks. The Growing Downside Risks For Palantir Investors
• Negative Sentiment: Short interest / activist attention and insider selling — high-profile short bets and heavy insider dispositions were flagged by outlets as additional near‑term headwinds. Palantir Technologies Stock (PLTR) Opinions on Q1 Earnings Beat

Institutional Investors Weigh In On Palantir Technologies

Several institutional investors and hedge funds have recently made changes to their positions in PLTR. Norges Bank purchased a new stake in shares of Palantir Technologies in the 4th quarter worth about $5,149,641,000. Jennison Associates LLC purchased a new stake in shares of Palantir Technologies in the 1st quarter worth about $1,574,111,000. Vanguard Group Inc. boosted its position in shares of Palantir Technologies by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock worth $39,017,133,000 after buying an additional 8,168,604 shares in the last quarter. State Street Corp boosted its position in shares of Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after buying an additional 6,777,771 shares in the last quarter. Finally, Cardano Risk Management B.V. boosted its position in shares of Palantir Technologies by 917.4% in the 4th quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock worth $1,170,596,000 after buying an additional 5,938,343 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

The firm has a market capitalization of $327.88 billion, a PE ratio of 154.04, a price-to-earnings-growth ratio of 2.52 and a beta of 1.52. The firm’s 50-day moving average is $145.35 and its 200 day moving average is $161.88.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The firm’s quarterly revenue was up 84.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. As a group, equities analysts anticipate that Palantir Technologies Inc. will post 1.06 earnings per share for the current year.

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.