Palantir Technologies (NASDAQ:PLTR) Price Target Raised to $273.00

Palantir Technologies (NASDAQ:PLTR) had its price target boosted by equities researchers at Barclays from $265.00 to $273.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 59.82% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. Yorkville Ives started coverage on Palantir Technologies in a report on Tuesday, October 6th. They issued an “outperform” rating and a $250.00 target price for the company. Royal Bank Of Canada raised their target price on Palantir Technologies from $90.00 to $130.00 and gave the stock an “underperform” rating in a research note on Tuesday. Oppenheimer reissued an “outperform” rating and issued a $235.00 price target (up from $200.00) on shares of Palantir Technologies in a research note on Thursday, October 29th. Mizuho lifted their price objective on shares of Palantir Technologies from $215.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, October 15th. Finally, Raymond James Financial set a $255.00 target price on shares of Palantir Technologies in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $214.53.

Palantir Technologies Stock Down 2.6%

Shares of Palantir Technologies stock traded down $4.58 during trading on Wednesday, reaching $170.82. The company’s stock had a trading volume of 23,118,191 shares, compared to its average volume of 41,266,824. The business’s 50-day moving average price is $186.86 and its 200-day moving average price is $153.89. Palantir Technologies has a 52 week low of $106.37 and a 52 week high of $212.94. The firm has a market cap of $410.49 billion, a PE ratio of 119.47, a P/E/G ratio of 3.18 and a beta of 1.65.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. Palantir Technologies had a return on equity of 32.87% and a net margin of 50.34%. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the previous year, the firm earned $0.21 EPS. The company’s quarterly revenue was up 95.9% compared to the same quarter last year. Equities analysts predict that Palantir Technologies will post 1.29 earnings per share for the current year.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 35,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the transaction, the insider directly owned 642,786 shares in the company, valued at approximately $100,081,780.20. The trade was a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Friedman Stat sold 5,026 shares of the firm’s stock in a transaction 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 sale, the director directly owned 46,402 shares of the company’s stock, 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 sold 557,358 shares of company stock valued at $97,408,897 over the last three months. Insiders own 9.53% of the company’s stock.

Institutional Trading of Palantir Technologies

A number of large investors have recently bought and sold shares of PLTR. Jennison Associates LLC purchased a new position in shares of Palantir Technologies in the first quarter worth about $1,574,111,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Palantir Technologies by 277.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock worth $1,528,143,000 after acquiring an additional 7,678,747 shares during the period. Bank of America Corp DE grew its position in shares of Palantir Technologies by 28.7% in the first quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock valued at $2,755,883,000 after purchasing an additional 4,201,852 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Palantir Technologies by 795.6% during the 1st quarter. Janus Henderson Group PLC now owns 3,323,141 shares of the company’s stock valued at $480,247,000 after purchasing an additional 2,952,079 shares during the period. Finally, State Street Corp raised its stake in shares of 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 during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Palantir reported Q3 revenue of $2.31 billion, up 96% year over year, and EPS of $0.44, beating estimates. U.S. commercial revenue grew 148% and surpassed U.S. government revenue for the first time; the company also raised its 2026 revenue outlook. Palantir beats Q3 estimates and raises outlook
• Positive Sentiment: Changshin, a footwear manufacturer, announced it will deploy Palantir’s Foundry and AIP platforms to connect product development and factory operations—another commercial use case for its AI software. Changshin and Palantir partnership
• Neutral Sentiment: ETF flows and analyst actions offered some support: ETFs bought $108.2 million of Palantir shares on Monday, while Truist raised its price target. These signals may be outweighed by broader concerns about the stock’s valuation. ETF purchases of Palantir shares
• Negative Sentiment: Bookings are a key concern despite the revenue beat: total contract value rose only 6% year over year, slowing sharply from the prior quarter. Investors may be questioning whether new commitments will sustain the rapid sales growth, particularly given Palantir’s premium valuation. Revenue growth and contract value
• Negative Sentiment: Election results put Democrats in control of both chambers of Congress, prompting concern about tighter data-center regulation and a possible reduction to the Pentagon’s proposed defense budget. Those policy risks could weigh on sentiment toward Palantir’s AI and government businesses, though budget changes are not certain. Election results and potential defense spending changes

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.