Palantir Technologies (NASDAQ:PLTR) Trading Up 1.1% on Analyst Upgrade

Palantir Technologies Inc. (NASDAQ:PLTR) shot up 1.1% on Monday after Citigroup upgraded the stock from a neutral rating to a buy rating. Citigroup now has a $235.00 price target on the stock, up from their previous price target of $210.00. Palantir Technologies traded as high as $182.50 and last traded at $179.41. 34,801,423 shares were traded during mid-day trading, a decline of 17% from the average session volume of 41,962,770 shares. The stock had previously closed at $177.49.

A number of other research firms also recently weighed in on PLTR. Raymond James Financial reissued a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Northland Securities upped their target price on shares of Palantir Technologies from $14.00 to $18.50 in a research note on Tuesday, November 4th. Daiwa Capital Markets lifted their price target on Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Deutsche Bank Aktiengesellschaft upped their price objective on Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Finally, HSBC boosted their price target on Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target of $175.88.

Insiders Place Their Bets

In related news, insider Jeffrey Buckley sold 1,252 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $157.50, for a total transaction of $197,190.00. Following the completion of the transaction, the insider owned 47,044 shares in the company, valued at $7,409,430. The trade was a 2.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 3,400 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $181.35, for a total value of $616,590.00. Following the completion of the sale, the director owned 58,687 shares in the company, valued at $10,642,887.45. The trade was a 5.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,023,444 shares of company stock worth $167,394,629. 9.23% of the stock is currently owned by insiders.

Palantir Technologies News Roundup

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

• Positive Sentiment: Citi Research upgraded PLTR to Buy and raised its 2026 price target to $235, citing stronger sales growth, margin performance and an AI/defense-driven tailwind that could drive upside in 2026. Palantir Stock Climbs on Citi Upgrade. Sees AI Supercycle in 2026
• Positive Sentiment: Other outlets and analysts reiterated the higher price target and bullish thesis (enterprise AI adoption, AI agents and defense spending), supporting near-term momentum. Analysts update Palantir stock price target for 2026
• Positive Sentiment: Coverage highlights that Palantir’s U.S. commercial business is accelerating thanks to AI deployments — a “supercycle” narrative that could reaccelerate revenue growth beyond recent strong results. Palantir’s stock could benefit from this ‘supercycle’ that turbocharges growth
• Positive Sentiment: Truist also initiated coverage with a Buy, framing Palantir as “best-in-class” in key markets—another vote of confidence that reinforces the upgrade-driven rally. Truist Initiates Palantir (PLTR) as Buy, Calls It a “Best-in-Class” Asset
• Neutral Sentiment: Palantir appears on lists of top “agentic AI” and other AI-focused stock roundups, which helps retail interest and narrative momentum but is less material than institutional upgrades. The 3 Best Agentic AI Stocks To Buy In 2026
• Negative Sentiment: Counterpoints: a Seeking Alpha piece warns that technical/valuation risk rises if PLTR falls below $150, signaling potential for a sharper pullback if sentiment shifts. Investors should watch that level. Palantir: $150 Price Key For Bulls – Risk Of Major Bear Slide Rising
• Negative Sentiment: Prominent skeptics (e.g., Michael Burry coverage) question whether current AI winners can sustain dominance, highlighting cyclicality and valuation concerns that could cap upside if macro or spending sentiment sours. Why Michael Burry’s AI skepticism can be explained by an escalator that Warren Buffett built

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Signature Resources Capital Management LLC acquired a new stake in Palantir Technologies in the 2nd quarter worth approximately $25,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Palantir Technologies in the second quarter worth $27,000. Briaud Financial Planning Inc acquired a new stake in shares of Palantir Technologies in the second quarter worth $27,000. Frazier Financial Advisors LLC bought a new stake in shares of Palantir Technologies during the 2nd quarter worth $28,000. Finally, Bare Financial Services Inc grew its stake in Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after buying an additional 55 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 1.1%

The stock has a market cap of $427.61 billion, a P/E ratio of 427.18, a P/E/G ratio of 4.47 and a beta of 1.54. The firm’s fifty day moving average is $179.21 and its 200 day moving average is $170.81.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the company earned $0.10 earnings per share. The business’s quarterly revenue was up 62.8% compared to the same quarter last year. Research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.