Palantir Technologies (NASDAQ:PLTR) Shares Up 5.2% – Should You Buy?

Palantir Technologies Inc. (NASDAQ:PLTR)’s stock price rose 5.2% on Friday. The stock traded as high as $209.58 and last traded at $209.05. 37,315,790 shares changed hands during trading, a decline of 13% from the average session volume of 42,805,688 shares. The stock had previously closed at $198.78.

More Palantir Technologies News

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

• Positive Sentiment: Goldman Sachs upgraded Palantir to Buy from Neutral and set a $230 price target, implying additional upside. The firm cited accelerating AI demand, Palantir’s competitive advantages, and opportunities in sovereign and bespoke AI applications. Why Goldman Sachs Thinks You Should Buy the Palantir Stock Dip
• Positive Sentiment: Barclays initiated coverage at Overweight with a $265 target, adding another high-profile bullish call and reinforcing the view that Wall Street is catching up with Palantir’s growth. The stock has rallied roughly 60% to 64% since its August earnings report. Palantir Rises as Barclays Starts Coverage
• Positive Sentiment: Analysts continue highlighting strong operating momentum, including reported revenue growth of approximately 93% year over year, raised 2026 guidance, record U.S. commercial activity, and potential for large enterprise contracts. Dan Ives also named Palantir a top technology pick for 2027. Palantir’s Rally Puts Wall Street in Catch-Up Mode
• Neutral Sentiment: Comparisons with ServiceNow and CrowdStrike frame Palantir as a faster-growing AI software alternative, but investors are weighing whether that growth justifies its substantially higher valuation. November 2 earnings could provide the next major test of the growth narrative. ServiceNow vs. Palantir
• Negative Sentiment: Several commentators warn that the rally has left Palantir technically overbought and trading at demanding multiples, leaving limited room for weaker guidance or execution. A correction remains possible even if the long-term business outlook is favorable. Palantir: Great Business, No Margin of Safety
• Negative Sentiment: Zacks Research moved its rating from Strong Buy to Hold, while reported insider activity shows substantial selling and no purchases during the past six months. These factors may temper enthusiasm around the analyst upgrades. Palantir Technologies Stock Dropped to Hold by Zacks Research

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PLTR. William Blair reiterated an “outperform” rating on shares of Palantir Technologies in a report on Wednesday, August 26th. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $90.00 price target on shares of Palantir Technologies in a report on Friday, July 31st. Raymond James Financial raised Palantir Technologies from a “hold” rating to a “moderate buy” rating in a research note on Thursday. Wolfe Research initiated coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating on the stock. Finally, Citigroup lowered shares of Palantir Technologies from a “buy” rating to a “market perform” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine 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 a consensus rating of “Moderate Buy” and a consensus target price of $198.75.

Palantir Technologies Price Performance

The business has a 50 day simple moving average of $176.28 and a 200 day simple moving average of $149.88. The stock has a market cap of $502.36 billion, a PE ratio of 178.68, a P/E/G ratio of 2.73 and a beta of 1.60.

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. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the company earned $0.16 earnings per share. The company’s revenue was up 92.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 1.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Friedman Stat sold 3,032 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total transaction of $500,280.00. Following the completion of the sale, the director owned 54,107 shares of the company’s stock, valued at $8,927,655. This represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of Palantir Technologies stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the completion of the transaction, the insider directly owned 642,786 shares in the company, valued at approximately $100,081,780.20. This represents a 5.16% decrease in their position. 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 a total of 536,364 shares of company stock valued at $93,083,303 over the last 90 days. 9.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Palantir Technologies

Several large investors have recently made changes to their positions in PLTR. Riversedge Advisors LLC increased its position in Palantir Technologies by 4.5% in the 3rd quarter. Riversedge Advisors LLC now owns 23,310 shares of the company’s stock worth $4,360,000 after buying an additional 1,009 shares during the period. Journey Retirement Planning & Investment Management LLC acquired a new position in Palantir Technologies during the 3rd quarter valued at $295,000. Douglas Lane & Associates LLC bought a new stake in Palantir Technologies in the 3rd quarter valued at $218,000. Dakota Community Bank & Trust NA raised its position in shares of Palantir Technologies by 219.1% during the third quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company’s stock valued at $41,000 after buying an additional 149 shares during the last quarter. Finally, Vilga Financial Planning LLC bought a new stake in shares of Palantir Technologies in the third quarter valued at about $253,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

About Palantir Technologies

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.