Palantir Technologies (NASDAQ:PLTR) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Palantir Technologies (NASDAQ:PLTR) had its price objective boosted by investment analysts at Morgan Stanley from $155.00 to $205.00 in a note issued to investors on Tuesday,MarketScreener reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 8.50% from the stock’s previous close.

Several other research firms have also commented on PLTR. Cantor Fitzgerald boosted their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Robert W. Baird set a $200.00 price target on shares of Palantir Technologies in a research report on Tuesday. Royal Bank Of Canada reiterated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, October 28th. UBS Group restated a “neutral” rating and set a $205.00 target price on shares of Palantir Technologies in a research report on Tuesday. Finally, Citigroup upped their target price on shares of Palantir Technologies from $177.00 to $190.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $160.56.

Palantir Technologies Stock Down 8.8%

Shares of NASDAQ:PLTR opened at $188.94 on Tuesday. The stock has a market cap of $448.23 billion, a PE ratio of 629.64, a PEG ratio of 10.87 and a beta of 2.63. The company’s fifty day moving average is $175.75 and its 200 day moving average is $151.99. Palantir Technologies has a 52 week low of $46.86 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data 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 22.18% and a return on equity of 10.75%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company earned $0.10 earnings per share. The company’s revenue for the quarter was up 62.8% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts anticipate that Palantir Technologies will post 0.31 EPS for the current year.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 375,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the transaction, the insider directly owned 702,786 shares in the company, valued at $106,261,243.20. This represents a 34.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Andrew Cohen sold 191,720 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider owned 592 shares in the company, valued at approximately $89,611.04. The trade was a 99.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,527,750 shares of company stock worth $234,463,896 over the last ninety days. 12.93% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PLTR. Truist Financial Corp increased its holdings in Palantir Technologies by 4.2% in the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after acquiring an additional 21,809 shares in the last quarter. State of Michigan Retirement System boosted its stake in Palantir Technologies by 1.3% during the 2nd quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock worth $127,923,000 after purchasing an additional 12,300 shares during the last quarter. Presilium Private Wealth LLC acquired a new stake in Palantir Technologies during the 2nd quarter worth $204,000. New Century Financial Group LLC acquired a new stake in Palantir Technologies during the 2nd quarter worth $228,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Palantir Technologies by 10.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock worth $984,786,000 after purchasing an additional 1,135,841 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.