Palantir Technologies (NASDAQ:PLTR) Shares Up 1.9% – Should You Buy?

Palantir Technologies Inc. (NASDAQ:PLTR) shares shot up 1.9% during mid-day trading on Monday . The stock traded as high as $179.60 and last traded at $175.23. Approximately 56,107,845 shares changed hands during trading, an increase of 19% from the average session volume of 47,251,230 shares. The stock had previously closed at $172.01.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Exceptional quarterly growth is driving the bullish case. Palantir reported $1.94 billion in revenue, up 92.8% year over year and above expectations, while EPS also exceeded consensus. Commercial revenue reportedly rose 110%, government revenue increased 79%, adjusted EBITDA margin reached 62%, and free cash flow totaled $1.22 billion. Management’s raised guidance has led some analysts to lift their earnings forecasts. Palantir: It Doesn’t Feel Good…But, It’s Still A Long Here
• Positive Sentiment: Analysts see further upside if momentum persists. Coverage highlighted Palantir’s roughly $13.1 billion backlog, expanding U.S. commercial opportunity and the potential for sustained high incremental margins. Published price targets include $218 from Seeking Alpha coverage and $255 from Bank of America, well above recent trading levels. A $13.1 Billion Backlog And Investors Are Just Starting To Catch On
• Positive Sentiment: Defense applications add strategic support. Reports say Palantir’s AI is helping the Pentagon accelerate battlefield target identification, reinforcing the company’s role in defense technology and potentially supporting future government demand. Palantir AI Boosts Pentagon Capabilities
• Neutral Sentiment: The stock is approaching its prior peak. Several articles focus on whether PLTR can reclaim its roughly $207.52 record high, with a $500 billion market value corresponding to approximately $208 per share. Reaching that level could attract momentum buyers, but it may also increase resistance and volatility. Can Palantir Reach $207 per Share?
• Negative Sentiment: Valuation remains the principal risk. With a market capitalization above $400 billion and a P/E ratio around 150, PLTR requires very strong growth to justify its price. After a sharp weekly rally, short-term profit-taking has caused volatility, while some investors—including Michael Burry—continue to question elevated AI-stock valuations. Palantir Stock: Before You Buy, Consider This Valuation Risk

Wall Street Analyst Weigh In

A number of analysts have commented on PLTR shares. DA Davidson raised their price objective on Palantir Technologies from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Phillip Securities boosted their price objective on Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. President Capital upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and upped their target price for the company from $25.50 to $133.00 in a research note on Monday, June 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $230.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. Finally, William Blair started coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Palantir Technologies presently has an average rating of “Moderate Buy” and an average target price of $190.73.

Palantir Technologies Stock Up 1.9%

The stock has a market cap of $420.08 billion, a price-to-earnings ratio of 149.77, a price-to-earnings-growth ratio of 2.45 and a beta of 1.59. The company’s 50-day moving average is $131.76 and its 200-day moving average is $139.70.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating 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 company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the business earned $0.16 earnings per share. The company’s quarterly revenue was up 92.8% on a year-over-year basis. On average, research analysts forecast that Palantir Technologies Inc. will post 1.26 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the completion of the transaction, the insider directly owned 592 shares in the company, valued at $80,535.68. This represents a 99.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ryan D. Taylor sold 19,662 shares of Palantir Technologies stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,674,818.48. Following the transaction, the insider directly owned 199,759 shares of the company’s stock, valued at approximately $27,175,214.36. The trade was a 8.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,115,302 shares of company stock worth $150,748,065 over the last three months. 9.53% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Palantir Technologies

Large investors have recently made changes to their positions in the company. Norges Bank acquired a new position in Palantir Technologies during the 4th quarter worth about $5,149,641,000. Jennison Associates LLC bought a new position in shares of Palantir Technologies in the first quarter worth about $1,574,111,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Palantir Technologies by 277.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock worth $1,528,143,000 after purchasing an additional 7,678,747 shares in the last quarter. State Street Corp lifted its position in shares of Palantir Technologies by 7.2% during the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after purchasing an additional 6,777,771 shares in the last quarter. Finally, Cardano Risk Management B.V. grew its stake in shares of Palantir Technologies by 917.4% during the fourth quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock valued at $1,170,596,000 after purchasing an additional 5,938,343 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

About Palantir Technologies

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.