Royal Bank Of Canada Raises Palantir Technologies (NASDAQ:PLTR) Price Target to $50.00

Palantir Technologies (NASDAQ:PLTR) had its price objective lifted by investment analysts at Royal Bank Of Canada from $45.00 to $50.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “underperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential downside of 73.96% from the company’s previous close.

PLTR has been the topic of a number of other research reports. Citigroup lifted their price target on shares of Palantir Technologies from $177.00 to $190.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Loop Capital upped their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. UBS Group increased their target price on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus target price of $165.83.

Palantir Technologies Stock Down 7.3%

PLTR stock traded down $15.15 during midday trading on Tuesday, reaching $192.03. The company’s stock had a trading volume of 67,234,366 shares, compared to its average volume of 83,188,063. The business’s 50-day simple moving average is $175.75 and its 200-day simple moving average is $151.99. Palantir Technologies has a 52 week low of $46.86 and a 52 week high of $207.52. The stock has a market cap of $455.56 billion, a PE ratio of 640.11, a price-to-earnings-growth ratio of 10.87 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 62.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts forecast that Palantir Technologies will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the transaction, the insider directly owned 702,786 shares of the company’s stock, valued at $112,129,506.30. This represents a 4.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the sale, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,527,750 shares of company stock valued at $234,463,896. 12.93% of the stock is owned by company insiders.

Institutional Investors Weigh In On Palantir Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of PLTR. Mechanics Financial Corp bought a new position in Palantir Technologies in the first quarter worth approximately $25,000. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies during the 2nd quarter valued at about $25,000. Wealth Preservation Advisors LLC purchased a new position in shares of Palantir Technologies during the first quarter valued at approximately $27,000. 1248 Management LLC purchased a new position in shares of Palantir Technologies in the 1st quarter worth approximately $27,000. Finally, Briaud Financial Planning Inc purchased a new stake in Palantir Technologies during the second quarter worth about $27,000. Institutional investors and hedge funds 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.