Palantir Technologies (NASDAQ:PLTR) Given New $273.00 Price Target at Barclays

Key Points

• Barclays raised its Palantir price target to $273 from $265 and maintained an “overweight” rating, implying about 59.8% upside from the prior close.
• Palantir reported quarterly revenue of $2.31 billion, up 95.9% year over year, and EPS of $0.44, beating analyst estimates.
• Shares fell 2.6% on Wednesday. Despite strong results, concerns include Palantir’s premium valuation and total contract value growth slowing to 6% year over year.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) had its price objective boosted by Barclays from $265.00 to $273.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price target would indicate a potential upside of 59.82% from the company's previous close.

Several other brokerages have also weighed in on PLTR. William Blair restated an "outperform" rating on shares of Palantir Technologies in a research note on Wednesday, August 26th. DA Davidson reissued a "buy" rating and issued a $250.00 price objective on shares of Palantir Technologies in a report on Tuesday. Piper Sandler reiterated an "overweight" rating and set a $235.00 target price (up from $231.00) on shares of Palantir Technologies in a research report 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. Finally, Jefferies Financial Group reissued an "underperform" rating and issued a $80.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. One investment 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $214.53.

Palantir Technologies Stock Down 2.6%

Shares of NASDAQ:PLTR traded down $4.58 during trading on Wednesday, hitting $170.82. 23,118,191 shares of the stock traded hands, compared to its average volume of 41,266,824. The company has a fifty day moving average price of $186.86 and a two-hundred day moving average price of $153.89. Palantir Technologies has a 52-week low of $106.37 and a 52-week high of $212.94. The company has a market cap of $410.49 billion, a price-to-earnings ratio of 119.47, a P/E/G ratio of 3.18 and a beta of 1.65.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. Palantir Technologies had a net margin of 50.34% and a return on equity of 32.87%. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the business earned $0.21 earnings per share. The firm's revenue was up 95.9% on a year-over-year basis. On average, equities research analysts predict that Palantir Technologies will post 1.29 EPS for the current fiscal year.

Insider Activity

In other Palantir Technologies news, Director Lauren Friedman Stat sold 5,026 shares of Palantir Technologies stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the completion of the sale, the director directly owned 46,402 shares in the company, valued at $9,233,998. This trade represents a 9.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric H. Woersching sold 1,000 shares of the stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $205.00, for a total transaction of $205,000.00. Following the transaction, the director directly owned 3,465 shares of the company's stock, valued at $710,325. The trade was a 22.40% decrease in their position. 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 in the last quarter. Insiders own 9.53% of the company's stock.

Institutional Investors Weigh In On Palantir Technologies

Several large investors have recently added to or reduced their stakes in PLTR. Signature Wealth Management Partners LLC lifted its position in shares of Palantir Technologies by 1.0% during the 3rd quarter. Signature Wealth Management Partners LLC now owns 5,140 shares of the company's stock worth $961,000 after purchasing an additional 51 shares during the last quarter. Atlatl Advisers LLC grew its stake in shares of Palantir Technologies by 0.4% during the third quarter. Atlatl Advisers LLC now owns 13,174 shares of the company's stock valued at $2,464,000 after purchasing an additional 53 shares during the last quarter. Opinicus Capital Inc. increased its position in Palantir Technologies by 2.4% in the third quarter. Opinicus Capital Inc. now owns 2,276 shares of the company's stock worth $426,000 after purchasing an additional 53 shares during the period. Demars Financial Group LLC boosted its stake in Palantir Technologies by 2.7% in the third quarter. Demars Financial Group LLC now owns 2,054 shares of the company's stock valued at $384,000 after acquiring an additional 54 shares during the last quarter. Finally, PFS Partners LLC increased its holdings in Palantir Technologies by 28.9% in the third quarter. PFS Partners LLC now owns 250 shares of the company's stock valued at $47,000 after purchasing an additional 56 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies News Roundup

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.

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