Palantir Technologies (NASDAQ:PLTR) Given New $265.00 Price Target at Citigroup

Palantir Technologies (NASDAQ:PLTR) had its target price raised by stock analysts at Citigroup from $250.00 to $265.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup‘s target price suggests a potential upside of 50.47% from the stock’s current price.

PLTR has been the topic of a number of other research reports. Royal Bank Of Canada boosted their price objective on Palantir Technologies from $90.00 to $130.00 and gave the stock an “underperform” rating in a research note on Tuesday. Benchmark reaffirmed a “hold” rating on shares of Palantir Technologies in a report on Tuesday, August 4th. JPMorgan Chase & Co. started coverage on Palantir Technologies in a report on Thursday, October 29th. They issued an “overweight” rating and a $262.00 price target for the company. Zacks Research downgraded shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $235.00 price objective on shares of Palantir Technologies in a report on Tuesday. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $214.27.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR traded down $2.23 during mid-day trading on Tuesday, hitting $176.11. 36,819,851 shares of the stock were exchanged, compared to its average volume of 41,274,164. Palantir Technologies has a twelve month low of $106.37 and a twelve month high of $212.94. The stock’s fifty day simple moving average is $186.87 and its two-hundred day simple moving average is $153.90. The company has a market cap of $423.21 billion, a P/E ratio of 150.07, a PEG ratio of 3.51 and a beta of 1.60.

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

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander C. Karp sold 492,348 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.79, for a total transaction 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. This trade represents a 7.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 Shyam Sankar sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $155.70, for a total value of $5,449,500.00. Following the transaction, the insider owned 642,786 shares in the company, valued at approximately $100,081,780.20. This trade represents a 5.16% 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. Insiders sold 560,390 shares of company stock valued at $97,909,177 in the last 90 days. 9.53% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PLTR. BlackRock Inc. raised its position in Palantir Technologies by 0.4% in the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after purchasing an additional 757,322 shares during the last quarter. State Street Corp lifted its holdings in shares of Palantir Technologies by 2.8% during the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock worth $12,190,903,000 after purchasing an additional 2,863,874 shares during the period. Bank of America Corp DE grew its position in shares of Palantir Technologies by 1.0% in the 2nd quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock valued at $2,219,094,000 after buying an additional 180,486 shares during the last quarter. Amundi increased its stake in shares of Palantir Technologies by 7.4% in the second quarter. Amundi now owns 17,623,053 shares of the company’s stock valued at $2,056,082,000 after buying an additional 1,212,653 shares during the period. Finally, Jennison Associates LLC acquired a new position in shares of Palantir Technologies in the first quarter worth approximately $1,574,111,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir exceeded expectations with third-quarter revenue of approximately $2.31 billion, up 96% year over year, and adjusted earnings of $0.44 per share versus the $0.41 consensus estimate. 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 full-year 2026 revenue guidance to about $8.5 billion and forecast fourth-quarter revenue above Wall Street expectations. Palantir raises full-year revenue outlook
• Positive Sentiment: Profitability remained a major strength, with a 62% adjusted operating margin and approximately $1.22 billion of adjusted free cash flow. Several analysts maintained Buy ratings and raised or reaffirmed price targets ranging from $250 to $260. Palantir’s strong AI demand and raised outlook support Buy rating
• Neutral Sentiment: Chief Executive Alex Karp said demand for Palantir’s AI software is greater than the company can currently service, reinforcing the long-term growth narrative. However, investors are questioning whether demand will translate into sufficiently large, durable contracts. Alex Karp on Palantir’s AI demand
• Negative Sentiment: Total contract value rose only 6% year over year, down sharply from 49% growth in the prior quarter. U.S. commercial contract-value growth also slowed to 11% from 153%, while the number of deals above $10 million declined. This raised concerns about backlog replenishment and future growth visibility. Palantir stock and bookings growth concerns
• Negative Sentiment: At a market capitalization above $400 billion and a triple-digit price-to-earnings ratio, PLTR is priced for extraordinary execution. The earnings beat and raised outlook therefore failed to satisfy investors who expected an even larger upside surprise, while the broader sell-off in AI-related stocks added pressure. Palantir is the latest victim of investors’ high expectations

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.