Palantir Technologies (NASDAQ:PLTR) Earns “Buy” Rating from DA Davidson

Palantir Technologies (NASDAQ:PLTR)‘s stock had its “buy” rating reiterated by DA Davidson in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $250.00 price objective on the stock. DA Davidson‘s price target would indicate a potential upside of 40.18% from the stock’s previous close.

Other analysts have also issued reports about the stock. Needham & Company LLC set a $215.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 11th. Rosenblatt Securities reiterated a “buy” rating and issued a $260.00 price target on shares of Palantir Technologies in a research note on Tuesday. Citigroup boosted their price target on shares of Palantir Technologies from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Barclays began coverage on shares of Palantir Technologies in a research report on Friday, October 9th. They issued an “overweight” rating and a $265.00 price objective on the stock. Finally, Cantor Fitzgerald raised their price objective on shares of Palantir Technologies from $156.00 to $207.00 and gave the company a “neutral” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $213.60.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $178.34 on Tuesday. Palantir Technologies has a fifty-two week low of $106.37 and a fifty-two week high of $212.94. The company has a 50 day moving average price of $186.87 and a 200 day moving average price of $153.90. The stock has a market capitalization of $428.56 billion, a P/E ratio of 152.43, a PEG ratio of 3.51 and a beta of 1.60.

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

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the sale, the insider owned 274,667 shares of the company’s stock, valued at approximately $55,249,267.05. This trade represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65. Following the sale, the insider owned 58,171 shares of the company’s stock, valued at $10,170,035.93. This represents a 3.41% decrease in their position. 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. Insiders sold a total of 560,390 shares of company stock valued at $97,909,177 over the last three months. 9.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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

Key Headlines Impacting Palantir Technologies

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.