Rosenblatt Securities Reaffirms “Buy” Rating for Palantir Technologies (NASDAQ:PLTR)

Palantir Technologies (NASDAQ:PLTR)‘s stock had its “buy” rating reissued by investment analysts at Rosenblatt Securities in a note issued to investors on Tuesday, Benzinga reports. They presently have a $260.00 price objective on the stock. Rosenblatt Securities‘s price objective indicates a potential upside of 45.79% from the stock’s previous close.

Several other research firms have also commented on PLTR. Needham & Company LLC set a $215.00 price target on Palantir Technologies in a research report on Tuesday, August 11th. Zacks Research downgraded Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $80.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 4th. Royal Bank Of Canada set a $130.00 target price on Palantir Technologies in a report on Tuesday. Finally, Barclays assumed coverage on Palantir Technologies in a report on Friday, October 9th. They issued an “overweight” rating and a $265.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.60.

Palantir Technologies Stock Performance

Shares of PLTR opened at $178.34 on Tuesday. The company’s fifty day moving average is $186.87 and its 200 day moving average is $153.90. Palantir Technologies has a fifty-two week low of $106.37 and a fifty-two week high of $212.94. The stock has a market capitalization of $428.56 billion, a PE ratio of 152.43, a P/E/G ratio of 3.51 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Palantir Technologies’s revenue was up 95.9% on a year-over-year basis. As a group, research analysts forecast that Palantir Technologies will post 1.29 earnings per share for the current year.

Insider Activity

In related news, insider Alexander Karp sold 492,348 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total value of $86,057,506.92. Following the completion of the sale, the insider owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. The trade was a 7.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Also, Director Lauren Friedman Stat sold 5,026 shares of the stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total value of $1,000,174.00. Following the completion of the transaction, the director directly owned 46,402 shares in the company, valued at approximately $9,233,998. This trade represents a 9.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 560,390 shares of company stock valued at $97,909,177. Insiders own 9.53% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

Several hedge funds have recently made changes to their positions in PLTR. United Advisor Group LLC raised its holdings in shares of Palantir Technologies by 1.2% in the 3rd quarter. United Advisor Group LLC now owns 100,857 shares of the company’s stock valued at $18,865,000 after purchasing an additional 1,186 shares in the last quarter. Plancorp LLC lifted its position in shares of Palantir Technologies by 40.6% in the 3rd quarter. Plancorp LLC now owns 5,157 shares of the company’s stock worth $949,000 after purchasing an additional 1,488 shares during the period. May Hill Capital LLC boosted its stake in shares of Palantir Technologies by 13.5% during the third quarter. May Hill Capital LLC now owns 4,344 shares of the company’s stock valued at $813,000 after purchasing an additional 516 shares in the last quarter. LightSquare Wealth Management LLC bought a new position in shares of Palantir Technologies during the third quarter valued at approximately $287,000. Finally, Kingstone Capital Partners Texas LLC boosted its stake in shares of Palantir Technologies by 2.5% during the third quarter. Kingstone Capital Partners Texas LLC now owns 46,148 shares of the company’s stock valued at $8,632,000 after purchasing an additional 1,142 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir reported third-quarter revenue of $2.313 billion, up 96% year over year and above the $2.18 billion analyst consensus. Adjusted earnings of $0.44 per share also exceeded expectations of $0.41. Palantir tops third-quarter revenue estimates on strong AI software demand
• Positive Sentiment: U.S. commercial revenue surged 148% to $984 million, surpassing U.S. government revenue for the first time. Management also raised its full-year 2026 revenue-growth outlook to 91% and its U.S. commercial growth forecast to 143%. Palantir Reports Q3 2026 U.S. Commercial Revenue Growth
• Positive Sentiment: CEO Alex Karp said demand for Palantir’s artificial-intelligence software is “much larger than we can service,” supporting the long-term growth narrative. Bank of America maintained a Buy rating with a $255 price target, while Morgan Stanley raised its target from $205 to $233, although it kept an Equalweight rating. Morgan Stanley sets Palantir stock price target
• Neutral Sentiment: Analysts described the quarter as exceptionally strong, but the market reaction suggests the results were largely anticipated after Palantir’s substantial prior rally.
• Negative Sentiment: Investors were concerned that U.S. commercial contract growth and new deal activity are beginning to decelerate, raising questions about whether Palantir can replenish its growth pipeline quickly enough. Here’s why Palantir’s stock is down despite a bombastic quarter
• Negative Sentiment: Valuation remains a major overhang: Palantir’s market capitalization is about $428.6 billion and its P/E ratio is roughly 152. Investors appear to require outsized growth and increasingly large earnings beats to justify the premium.

Palantir Technologies Company Profile

Palantir Technologies Inc develops software platforms that help government agencies and commercial organizations integrate, analyze and act on data. Its products are designed to support complex operations such as defense and intelligence, supply-chain management, manufacturing, healthcare and other data-intensive activities.

Palantir’s principal platforms include Gotham, which is primarily used by government and defense customers; Foundry, which helps commercial and institutional users build data-driven workflows; Apollo, a platform for deploying and managing software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects generative artificial intelligence capabilities with an organization’s data and operational systems.

Founded in 2003, the company initially focused on software for government and national-security applications before expanding into commercial markets.