JPMorgan Chase & Co. Begins Coverage on Palantir Technologies (NASDAQ:PLTR)

Analysts at JPMorgan Chase & Co. assumed coverage on shares of Palantir Technologies (NASDAQ:PLTR) in a report released on Thursday, Briefing.com reports. The brokerage set an “overweight” rating and a $262.00 price target on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 33.12% from the company’s current price.

A number of other analysts also recently weighed in on the company. Phillip Securities downgraded Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Needham & Company LLC set a $215.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 11th. Citigroup lifted their price target on shares of Palantir Technologies from $245.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 22nd. Wolfe Research started coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a “buy” rating for the company. Finally, Cantor Fitzgerald began coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued an “overweight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $207.43.

Palantir Technologies Stock Down 1.0%

Shares of PLTR stock opened at $196.81 on Thursday. Palantir Technologies has a 52 week low of $106.37 and a 52 week high of $212.94. The stock has a market capitalization of $472.95 billion, a PE ratio of 168.21, a P/E/G ratio of 3.46 and a beta of 1.60. The firm has a 50 day moving average of $186.28 and a two-hundred day moving average of $153.79.

Palantir Technologies (NASDAQ:PLTR) last announced 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 net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the business earned $0.16 EPS. The company’s revenue was up 92.8% on a year-over-year basis. Analysts expect that Palantir Technologies will post 1.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Alexander C. Karp sold 492,348 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total value of $86,057,506.92. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This trade represents a 7.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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, Director Lauren Friedman Stat sold 5,026 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $199.00, for a total value of $1,000,174.00. Following the completion of the sale, the director owned 46,402 shares in the company, valued at approximately $9,233,998. This represents a 9.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 560,390 shares of company stock valued at $97,909,177 in the last ninety days. Insiders own 9.53% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its holdings in 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 in the last quarter. State Street Corp boosted its stake in Palantir Technologies by 2.8% during the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company’s stock valued at $12,190,903,000 after purchasing an additional 2,863,874 shares in the last quarter. 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 valued at $2,219,094,000 after purchasing an additional 180,486 shares in the last quarter. Amundi increased its position in shares of Palantir Technologies by 7.4% during the 2nd 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 during the period. Finally, Jennison Associates LLC acquired a new position in shares of Palantir Technologies during the 1st quarter valued at $1,574,111,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Summary

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

• Positive Sentiment: Investor optimism remains high ahead of earnings. Analysts expect roughly $0.41 in third-quarter EPS, while Palantir’s expanding U.S. commercial and government businesses, customer upselling, and margin potential could support another beat. The company’s most recent quarter featured 92.8% year-over-year revenue growth and strong profitability. Prediction: Palantir Stock Will Skyrocket After Nov. 2
• Positive Sentiment: Palantir continues to attract bullish coverage because of accelerating AI adoption, government accreditation, demand for its software, and a relatively capital-light business model. These factors support the long-term growth narrative. Bull of the Day: Palantir
• Neutral Sentiment: Options markets imply a potential move of approximately 11.65% following the November 2 earnings release. Investors are focused on U.S. commercial customer growth, free cash flow, and whether management’s guidance exceeds consensus expectations. Palantir Stock Could Swing 11.65% After Q3 Earnings
• Negative Sentiment: RBC Capital analyst Rishi Jaluria remains a prominent Palantir bear and issued a fresh warning before earnings. With PLTR trading at roughly 168 times earnings, investors appear to be pricing in exceptional execution; any slowdown, weak guidance, or disappointment in growth metrics could trigger a sharp reversal. Palantir Stock Falls After RBC Delivers Fresh Warning
• Negative Sentiment: Broader macroeconomic pressure is another risk. Rising interest rates can compress the valuation multiples of high-growth technology companies, making Palantir particularly sensitive because its stock has already rallied substantially toward its annual high. Palantir’s Q3 Bar Is Higher Than It Looks

Palantir Technologies Company Profile

Palantir Technologies Inc develops software platforms that help government agencies and commercial organizations integrate, analyze and act on data. Its products are designed to support complex operations such as defense and intelligence, supply-chain management, manufacturing, healthcare and other data-intensive activities.

Palantir’s principal platforms include Gotham, which is primarily used by government and defense customers; Foundry, which helps commercial and institutional users build data-driven workflows; Apollo, a platform for deploying and managing software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects generative artificial intelligence capabilities with an organization’s data and operational systems.

Founded in 2003, the company initially focused on software for government and national-security applications before expanding into commercial markets.