Cantor Fitzgerald Issues Positive Forecast for Palantir Technologies (NASDAQ:PLTR) Stock Price

Palantir Technologies (NASDAQ:PLTR) had its price target hoisted by research analysts at Cantor Fitzgerald from $155.00 to $198.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Cantor Fitzgerald’s price objective indicates a potential upside of 2.00% from the company’s previous close.

PLTR has been the topic of a number of other research reports. Piper Sandler lifted their price target on shares of Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a research note on Tuesday. UBS Group reaffirmed a “neutral” rating and issued a $205.00 price target on shares of Palantir Technologies in a report on Tuesday. Morgan Stanley lifted their price target on Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a report on Tuesday. Bank of America lifted their price target on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Palantir Technologies in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $162.94.

Palantir Technologies Stock Down 6.3%

PLTR stock traded down $13.06 during midday trading on Tuesday, hitting $194.12. 44,989,539 shares of the company traded hands, compared to its average volume of 83,052,844. Palantir Technologies has a twelve month low of $46.86 and a twelve month high of $207.52. The business has a 50 day simple moving average of $175.75 and a 200-day simple moving average of $151.99. The stock has a market capitalization of $460.51 billion, a price-to-earnings ratio of 649.02, a price-to-earnings-growth ratio of 10.87 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts forecast that Palantir Technologies will post 0.31 EPS for the current year.

Insiders Place Their Bets

In related news, insider Alexander C. Karp sold 222,878 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $33,737,042.86. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. The trade was a 3.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,527,750 shares of company stock worth $234,463,896 in the last three months. 12.93% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Palantir Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. Centerpoint Advisory Group acquired a new position in shares of Palantir Technologies in the 3rd quarter valued at approximately $227,000. Everhart Financial Group Inc. lifted its stake in Palantir Technologies by 3.6% in the 3rd quarter. Everhart Financial Group Inc. now owns 25,158 shares of the company’s stock valued at $4,589,000 after acquiring an additional 875 shares in the last quarter. Arcadia Wealth Management Inc. bought a new stake in Palantir Technologies in the 3rd quarter valued at approximately $200,000. Keybank National Association OH lifted its stake in Palantir Technologies by 15.8% in the 3rd quarter. Keybank National Association OH now owns 30,101 shares of the company’s stock valued at $5,491,000 after acquiring an additional 4,107 shares in the last quarter. Finally, Core Wealth Partners LLC lifted its stake in Palantir Technologies by 11.6% in the 3rd quarter. Core Wealth Partners LLC now owns 1,794 shares of the company’s stock valued at $327,000 after acquiring an additional 187 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Company Profile

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.