Palantir Technologies Inc. (NASDAQ:PLTR) Receives $192.19 Average Price Target from Brokerages

Palantir Technologies Inc. (NASDAQ:PLTR) has earned a consensus rating of “Moderate Buy” from the thirty-six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $192.1852.

Several research firms recently commented on PLTR. Jefferies Financial Group reiterated an “underperform” rating and issued a $80.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 4th. Benchmark restated a “hold” rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. Piper Sandler restated an “overweight” rating and set a $230.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. Wolfe Research started coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating for the company. Finally, Needham & Company LLC set a $215.00 target price on Palantir Technologies in a report on Tuesday, August 11th.

Palantir Technologies Stock Down 2.3%

PLTR stock opened at $175.89 on Friday. Palantir Technologies has a 52 week low of $106.37 and a 52 week high of $207.52. The company has a fifty day simple moving average of $139.73 and a two-hundred day simple moving average of $140.82. The firm has a market capitalization of $422.67 billion, a P/E ratio of 150.33, a price-to-earnings-growth ratio of 2.54 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business’s revenue was up 92.8% on a year-over-year basis. During the same period last year, the company posted $0.16 EPS. As a group, analysts anticipate that Palantir Technologies will post 1.27 EPS for the current year.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 35,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $155.70, for a total value of $5,449,500.00. Following the completion of the sale, the insider directly owned 642,786 shares in the company, valued at $100,081,780.20. This trade represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,250 shares of Palantir Technologies stock in a transaction on Friday, August 21st. The stock was sold at an average price of $174.29, for a total transaction of $217,862.50. Following the transaction, the insider directly owned 56,921 shares of the company’s stock, valued at $9,920,761.09. The trade was a 2.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 723,431 shares of company stock worth $117,330,908. 9.53% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Palantir Technologies

Large investors have recently made changes to their positions in the company. Basepoint Wealth LLC bought a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $29,000. Ballast Advisors LLC bought a new position in Palantir Technologies in the 1st quarter valued at $29,000. Cornerstone Financial Management LLC purchased a new stake in Palantir Technologies in the fourth quarter worth $31,000. Whipplewood Advisors LLC purchased a new stake in Palantir Technologies in the first quarter worth $32,000. Finally, Prudent Man Investment Management Inc. purchased a new stake in Palantir Technologies in the fourth quarter worth $35,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir’s artificial-intelligence platform continues to attract strong demand from U.S. commercial and government customers. Recent coverage highlights its modular sales model, expanding commercial business and strong government relationships as competitive advantages. PLTR vs. PATH: Which AI-Driven Software Stock is the Better Buy?
• Positive Sentiment: Optimistic analysts and commentators point to Palantir’s accelerating revenue, a reported Rule of 40 score of 155 and the possibility of further gains toward $250. The company’s latest quarter also featured revenue growth of nearly 93% year over year and earnings above consensus estimates. Prediction: Palantir Stock Will Hit $250 on This Date
• Positive Sentiment: Palantir’s reported profitability remains a major attraction: second-quarter net income was approximately $1.06 billion on $1.94 billion of revenue, implying a roughly 55% net margin. However, coverage notes that interest income and other non-operating factors contributed materially to that figure. Palantir Keeps 55 Cents of Every Revenue Dollar as Profit
• Neutral Sentiment: Palantir’s stock has risen about 46% in August following its earnings report, leading investors and analysts to debate whether its strong fundamentals justify buying after the rally. Technical coverage says the shares remain in or near a buy zone but suggests waiting for a better entry point. Palantir has been on a tear this year. Two numbers signal investors should protect their gains
• Negative Sentiment: Rising long-term Treasury yields are pressuring high-multiple growth stocks. With Palantir trading at a very rich earnings multiple, investors may be reassessing the valuation and the present value of its future profits. Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
• Negative Sentiment: Cathie Wood’s investment firm reportedly sold about $27.2 million of Palantir shares after the rally. The sale adds near-term supply and reinforces concerns that some investors are locking in gains at stretched valuations. Cathie Wood Dumps $27.2 Million of Palantir Stock After 43% Rally

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.