Palantir Technologies (NASDAQ:PLTR) Trading Up 3.6% – Should You Buy?

Palantir Technologies Inc. (NASDAQ:PLTR) shot up 3.6% during mid-day trading on Monday . The company traded as high as $174.36 and last traded at $173.31. Approximately 28,809,242 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 44,870,742 shares. The stock had previously closed at $167.23.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: UBS raised its price target to $250 from $220 and maintained a Buy rating. The bank described Palantir as a leading enterprise AI enabler, citing demand that is outpacing the company’s capacity, expanding commercial use cases, and customer adoption that remains in its early stages. UBS Adjusts Price Target on Palantir Technologies to $250
• Positive Sentiment: Palantir’s commercial growth story continues to attract investors. U.S. commercial revenue is reportedly approaching U.S. government revenue, creating a second growth engine. Analysts and commentators also highlighted strong AI demand, record bookings, high profitability, and the potential for Palantir to benefit from long-term enterprise and government AI modernization. Is Palantir Stock a Buy at 94 Times Sales?
• Positive Sentiment: Investor enthusiasm was reinforced by bullish technology commentary. Wedbush analyst Dan Ives reiterated a long-term $1 trillion valuation thesis, while Palantir’s CEO emphasized the company’s ability to help businesses use AI while retaining control of proprietary data. A reported institutional-and-retail “Power Inflow” signal also attracted short-term traders. Dan Ives Reignites Palantir’s $1 Trillion Thesis
• Neutral Sentiment: Restrictions on Anthropic’s AI models highlight both an opportunity and a risk. Palantir and other companies are limiting use of certain models because of data-retention and intellectual-property concerns. This supports demand for data sovereignty and Palantir’s secure software, but could temporarily limit access to leading AI tools. Palantir and Nvidia Curb AI Model Use Over Data Fears
• Negative Sentiment: Valuation remains the principal concern. With a market capitalization near $415 billion and a price-to-earnings ratio around 147, investors are demanding continued exceptional growth. Commentary on the Palantir-Nebius partnership also warned that new deals do not eliminate valuation or execution risks.
• Negative Sentiment: Michael Burry continues to bet against Palantir. Burry reportedly still owns Palantir put options and warns that AI enthusiasm could precede a sharp, broader market decline. Retail sentiment remains mixed despite bullish analyst targets. Michael Burry’s Palantir Short Position

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PLTR shares. BNP Paribas Exane started coverage on Palantir Technologies in a research note on Tuesday, June 16th. They issued an “underperform” rating on the stock. Oppenheimer cut shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. The Goldman Sachs Group restated a “neutral” rating and set a $204.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. William Blair reaffirmed an “outperform” rating on shares of Palantir Technologies in a research note on Wednesday, August 26th. Finally, Roth Capital began coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $195.33.

Palantir Technologies Trading Down 0.4%

The company has a market capitalization of $414.67 billion, a price-to-earnings ratio of 147.49, a price-to-earnings-growth ratio of 2.45 and a beta of 1.62. The firm has a 50-day simple moving average of $156.41 and a two-hundred day simple moving average of $145.47.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was up 92.8% on a year-over-year basis. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Friedman Stat sold 3,032 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total value of $500,280.00. Following the sale, the director owned 54,107 shares of the company’s stock, valued at $8,927,655. This trade represents a 5.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 150,000 shares of Palantir Technologies stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $130.00, for a total value of $19,500,000.00. Following the completion of the transaction, the insider directly owned 599,899 shares in the company, valued at approximately $77,986,870. This represents a 20.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 720,027 shares of company stock valued at $116,879,340. Company insiders own 9.53% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in shares of Palantir Technologies by 0.4% during the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock worth $22,146,030,000 after purchasing an additional 757,322 shares in the last quarter. Geode Capital Management LLC boosted its stake in Palantir Technologies by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock worth $9,599,882,000 after buying an additional 805,047 shares in the last quarter. Norges Bank bought a new stake in Palantir Technologies in the 4th quarter valued at $5,149,641,000. Invesco Ltd. raised its stake in shares of Palantir Technologies by 2.8% in the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock valued at $3,984,281,000 after buying an additional 616,297 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Palantir Technologies by 1.0% during the 2nd quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock worth $2,219,094,000 after acquiring an additional 180,486 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Company Profile

Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.

The company’s principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.