Palantir Technologies (NASDAQ:PLTR) Stock Picked Up by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan initiated coverage of Palantir with an “overweight” rating and a $262 price target, implying approximately 33% upside from the reported $196.81 share price.
• Analyst sentiment is broadly positive: Palantir has a consensus “Moderate Buy” rating and an average price target of $207.43, although some analysts maintain more cautious views.
• Palantir recently exceeded earnings and revenue expectations, with revenue up 92.8% year over year, but its high valuation—about 168 times earnings—leaves the stock vulnerable to disappointing growth, guidance, or higher interest rates.

Equities research analysts at JPMorgan Chase & Co. started coverage on shares of Palantir Technologies (NASDAQ:PLTR - Get Free Report) in a research note issued to investors on Thursday, Briefing.com reports. The brokerage set an "overweight" rating and a $262.00 price target on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 33.12% from the company's current price.

Several other equities research analysts have also issued reports on PLTR. Wolfe Research initiated coverage on Palantir Technologies in a research note on Tuesday, August 4th. They set a "buy" rating for the company. Oppenheimer downgraded Palantir Technologies from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 4th. Roth Capital assumed coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set a "buy" rating on the stock. DA Davidson increased their price target on shares of Palantir Technologies from $200.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, September 11th. Finally, Yorkville Ives started coverage on shares of Palantir Technologies in a report on Tuesday, October 6th. They set an "outperform" rating and a $250.00 target price on the stock. 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 given a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $207.43.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $196.81 on Thursday. Palantir Technologies has a 1 year low of $106.37 and a 1 year high of $212.94. The firm has a market cap of $472.95 billion, a PE ratio of 168.21, a PEG ratio of 3.46 and a beta of 1.60. The company has a 50 day simple moving average of $186.28 and a two-hundred day simple moving average of $153.79.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted 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 analysts' expectations of $1.81 billion. During the same quarter last year, the company posted $0.16 EPS. The business's quarterly revenue was up 92.8% on a year-over-year basis. As a group, research analysts anticipate that Palantir Technologies will post 1.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Ryan D. Taylor sold 18,000 shares of the firm's stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $201.15, for a total value of $3,620,700.00. Following the sale, the insider directly owned 274,667 shares of the company's stock, valued at $55,249,267.05. This trade represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric H. Woersching sold 1,000 shares of the company's stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $205.00, for a total value 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. 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 90 days, insiders have sold 560,390 shares of company stock worth $97,909,177. 9.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Palantir Technologies

Several hedge funds have recently made changes to their positions in the business. Laurel Wealth Advisors LLC acquired a new position in shares of Palantir Technologies in the 3rd quarter valued at $35,000. Cranbrook Wealth Management LLC raised its holdings in Palantir Technologies by 40.7% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 197 shares of the company's stock valued at $37,000 after buying an additional 57 shares during the period. Ballast Advisors LLC purchased a new stake in Palantir Technologies in the 1st quarter valued at about $29,000. Retirement Wealth Solutions LLC raised its holdings in Palantir Technologies by 51.7% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company's stock valued at $41,000 after buying an additional 74 shares during the period. Finally, Dakota Community Bank & Trust NA lifted its position in Palantir Technologies by 219.1% in the third quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company's stock valued at $41,000 after buying an additional 149 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: 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.