Palantir Technologies (NASDAQ:PLTR) Shares Up 1.1% – Still a Buy?

Palantir Technologies Inc. (NASDAQ:PLTR) shot up 1.1% during mid-day trading on Thursday . The company traded as high as $177.88 and last traded at $176.24. 22,724,941 shares changed hands during trading, a decline of 49% from the average daily volume of 44,514,023 shares. The stock had previously closed at $174.34.

More Palantir Technologies News

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

• Positive Sentiment: Commercial growth accelerated sharply. Palantir’s second-quarter 2026 commercial revenue more than doubled, rising 110% to $945 million. The segment nearly matched government revenue, with only a $45 million gap, strengthening the case that Palantir’s growth is broadening beyond public-sector contracts. PLTR’s 110% Commercial Revenue Surge Defines Its Q2 Growth
• Positive Sentiment: Customer expansion supports the growth narrative. Existing customers generated approximately 82% of the year-over-year commercial revenue increase, while revenue has been growing considerably faster than the company’s workforce. This suggests improving operating leverage and strong adoption of Palantir’s software. Forget Michael Burry’s Short Thesis. Here’s the Bull Case for Palantir He’s Not Talking About.
• Positive Sentiment: AI partnerships and government demand remain catalysts. Recent relationships involving NVIDIA, Nebius and Method Security, along with Palantir’s role in government AI modernization, are reinforcing its position in the enterprise and defense AI markets. Palantir also climbed in a recent stock-ranking survey. Palantir Technologies (PLTR) AI Deal Rush Meets A Fair Value Debate
• Positive Sentiment: Analyst and media enthusiasm is supporting sentiment. Jim Cramer and analysts at UBS and D.A. Davidson reportedly cited a $250 price target, above Wall Street’s roughly $202 average, implying substantial upside if Palantir sustains its hypergrowth. Mad Money Jim Cramer Sees 40% Upside for Palantir Stock
• Neutral Sentiment: CEO Alex Karp intensified the AI liability debate. Karp called for “reasonable guidelines” and civil or criminal accountability for AI developers, while suggesting some frontier AI companies may seek nationalization to limit legal exposure. The comments increase Palantir’s visibility but could also draw political and regulatory scrutiny. AI needs to have reasonable guidelines, Palantir’s Karp tells CNBC
• Negative Sentiment: Valuation remains the central risk. Despite exceptional growth, Palantir trades at a very high earnings multiple, prompting debate over whether future expansion is already reflected in the stock. A reported bearish options position by Michael Burry and criticism that the Nebius deal does not resolve either company’s biggest problem add to investor caution. Veteran Analyst Doubles Down on Massive Palantir Stock Call

Analysts Set New Price Targets

PLTR has been the topic of a number of research reports. Citigroup lowered shares of Palantir Technologies from a “buy” rating to a “market perform” rating in a research note on Tuesday, August 4th. UBS Group increased their price objective on shares of Palantir Technologies from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday. Northland Securities set a $200.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. BTIG Research cut shares of Palantir Technologies to a “neutral” rating in a research report on Tuesday, June 16th. Finally, Wedbush initiated coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $195.33.

Palantir Technologies Trading Up 0.8%

The stock has a market cap of $426.88 billion, a P/E ratio of 151.83, a PEG ratio of 2.49 and a beta of 1.62. The company has a 50 day simple moving average of $159.21 and a 200 day simple moving average of $146.24.

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

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,055 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.83, for a total transaction of $359,275.65. Following the sale, the insider directly owned 58,171 shares of the company’s stock, valued at $10,170,035.93. The trade was a 3.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 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, insider Alexander C. Karp sold 492,348 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This trade represents a 7.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 ninety days, insiders have sold 720,027 shares of company stock worth $116,879,340. Company insiders own 9.53% of the company’s stock.

Institutional Trading of Palantir Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Basepoint Wealth LLC acquired a new position in shares of Palantir Technologies during the 4th quarter worth approximately $29,000. Ballast Advisors LLC bought a new position in shares of Palantir Technologies in the first quarter valued at $29,000. Cornerstone Financial Management LLC bought a new position in shares of Palantir Technologies in the fourth quarter valued at $31,000. Whipplewood Advisors LLC acquired a new position in Palantir Technologies during the first quarter worth $32,000. Finally, Prudent Man Investment Management Inc. acquired a new position in Palantir Technologies during the fourth quarter worth $35,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Company Profile

Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.

The company’s principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.