Palantir Technologies (NASDAQ:PLTR) Upgraded to “Strong-Buy” at Barclays

Barclays upgraded shares of Palantir Technologies (NASDAQ:PLTR) to a strong-buy rating in a research note issued to investors on Friday,Zacks reports.

A number of other research firms have also recently weighed in on PLTR. Roth Capital initiated coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a “buy” rating for the company. Raymond James Financial raised shares of Palantir Technologies from a “hold” rating to a “moderate buy” rating in a research report on Thursday. William Blair reissued an “outperform” rating on shares of Palantir Technologies in a report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 target price for the company in a research note on Tuesday, August 4th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a research note on Wednesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $198.75.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $209.05 on Friday. Palantir Technologies has a 1 year low of $106.37 and a 1 year high of $209.58. The firm has a 50 day moving average price of $178.00 and a 200 day moving average price of $150.29. The company has a market cap of $502.36 billion, a price-to-earnings ratio of 178.68, a PEG ratio of 2.80 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) 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 firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the business earned $0.16 earnings per share. The firm’s quarterly revenue was up 92.8% compared to the same quarter last year. Sell-side analysts predict that Palantir Technologies will post 1.28 EPS for the current year.

Insider Activity

In other news, insider Alexander Karp sold 492,348 shares of Palantir Technologies stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the sale, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $1,124,294,375.82. The trade was a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 business’s stock in a transaction 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 of the company’s stock, valued at $100,081,780.20. This trade represents a 5.16% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 536,364 shares of company stock worth $93,083,303 in the last quarter. Company insiders own 9.53% of the company’s stock.

Institutional Trading of Palantir Technologies

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Palantir Technologies by 0.4% during the second 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 during the period. State Street Corp increased its stake in shares of Palantir Technologies by 2.8% in the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company’s stock valued at $12,190,903,000 after acquiring an additional 2,863,874 shares during the last quarter. Invesco Ltd. raised its position 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 acquiring an additional 616,297 shares during the period. Bank of America Corp DE boosted its stake in 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 last quarter. Finally, Amundi increased its stake in 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 purchasing an additional 1,212,653 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies News Summary

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

• Positive Sentiment: Goldman Sachs upgraded Palantir to Buy from Neutral and set a $230 price target, citing expanding demand for sovereign AI, customized applications and specialized industry software. The firm believes Palantir’s addressable market and competitive advantages can support further outperformance into 2027. Goldman Sachs Upgrades Palantir to Buy
• Positive Sentiment: Barclays initiated coverage at Overweight with a $265 target, adding another bullish analyst signal. The recommendation suggests Palantir’s accelerating commercial adoption and government relationships may justify continued premium growth expectations. Barclays Starts Palantir Coverage
• Positive Sentiment: Investor enthusiasm is also being supported by Palantir’s reported operating momentum: revenue growth was approximately 93% year over year in the latest quarter, while 2026 guidance and U.S. commercial demand have been raised sharply. Commentary around expanding contracts, 157% net dollar retention and potential 2027 revenue well above consensus is strengthening the long-term bull case. Palantir The Next One Trillion Dollar Company
• Neutral Sentiment: Palantir’s rally has pushed the stock near its 52-week high ahead of the expected November 2 earnings report. Investors are increasingly focused on whether management can deliver another strong quarter and sustain its aggressive guidance trajectory.
• Neutral Sentiment: Analyst comparisons with ServiceNow and CrowdStrike highlight Palantir’s faster AI growth and government-driven advantages, but also emphasize that its valuation is substantially richer than many enterprise-software peers.
• Negative Sentiment: Several analysts warn that the stock is overbought after a roughly 60% rally since the August earnings release. With a very high earnings multiple, even a modest slowdown, disappointing guidance or weaker contract activity could trigger a correction. Palantir Correction Risk
• Negative Sentiment: Reported insider activity has consisted entirely of sales over the past six months, including transactions by senior executives. While these sales may be scheduled or compensation-related, they add a cautionary signal at elevated prices. Zacks also moved its stance to Hold, underscoring the valuation debate.

Palantir Technologies Company Profile

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.