Palantir Technologies' (PLTR) Buy Rating Reaffirmed at DA Davidson

Key Points

• DA Davidson reaffirmed its Buy rating on Palantir Technologies and set a $250 price target, implying approximately 40% upside from the prior close.
• Palantir reported strong quarterly results, with revenue up 95.9% year over year to $2.31 billion and EPS of $0.44, exceeding analyst expectations. U.S. commercial revenue rose 148%, and management raised its 2026 growth outlook.
• Despite a consensus “Moderate Buy” rating and $213.60 target, Palantir’s valuation remains a concern, with a market capitalization of about $428.6 billion and a P/E ratio near 152; insiders have also sold roughly $97.9 million of shares over the past three months.

Palantir Technologies (NASDAQ:PLTR - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at DA Davidson in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $250.00 price target on the stock. DA Davidson's price objective would indicate a potential upside of 40.18% from the company's previous close.

A number of other equities analysts have also issued reports on the stock. Mizuho raised their price target on shares of Palantir Technologies from $215.00 to $245.00 and gave the stock an "outperform" rating in a research report on Thursday, October 15th. Jefferies Financial Group restated an "underperform" rating and issued a $80.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. Wolfe Research assumed coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set a "buy" rating on the stock. Raymond James Financial raised Palantir Technologies from a "hold" rating to a "moderate buy" rating in a report on Thursday, October 8th. Finally, Northland Securities set a $200.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $213.60.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $178.34 on Tuesday. The stock's 50-day simple moving average is $186.87 and its 200-day simple moving average is $153.90. The firm has a market capitalization of $428.56 billion, a PE ratio of 152.43, a P/E/G ratio of 3.51 and a beta of 1.60. Palantir Technologies has a fifty-two week low of $106.37 and a fifty-two week high of $212.94.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, November 2nd. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company's revenue was up 95.9% compared to the same quarter last year. Sell-side analysts forecast that Palantir Technologies will post 1.29 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jeffrey Buckley sold 2,055 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65. Following the transaction, the insider directly owned 58,171 shares in the company, valued at $10,170,035.93. The trade was a 3.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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, insider Shyam Sankar sold 35,000 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $100,081,780.20. This represents a 5.16% 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. Over the last three months, insiders 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jennison Associates LLC acquired a new position in Palantir Technologies in the 1st quarter valued at about $1,574,111,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Palantir Technologies by 277.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company's stock valued at $1,528,143,000 after buying an additional 7,678,747 shares during the period. Bank of America Corp DE increased its holdings in shares of Palantir Technologies by 28.7% during the 1st quarter. Bank of America Corp DE now owns 18,839,779 shares of the company's stock worth $2,755,883,000 after buying an additional 4,201,852 shares during the last quarter. Janus Henderson Group PLC increased its holdings 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 worth $480,247,000 after buying an additional 2,952,079 shares during the last quarter. Finally, State Street Corp increased its holdings 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 worth $12,190,903,000 after buying an additional 2,863,874 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

More Palantir Technologies News

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

• Positive Sentiment: Palantir reported third-quarter revenue of $2.313 billion, up 96% year over year and above the $2.18 billion analyst consensus. Adjusted earnings of $0.44 per share also exceeded expectations of $0.41. Palantir tops third-quarter revenue estimates on strong AI software demand
• Positive Sentiment: U.S. commercial revenue surged 148% to $984 million, surpassing U.S. government revenue for the first time. Management also raised its full-year 2026 revenue-growth outlook to 91% and its U.S. commercial growth forecast to 143%. Palantir Reports Q3 2026 U.S. Commercial Revenue Growth
• Positive Sentiment: CEO Alex Karp said demand for Palantir’s artificial-intelligence software is “much larger than we can service,” supporting the long-term growth narrative. Bank of America maintained a Buy rating with a $255 price target, while Morgan Stanley raised its target from $205 to $233, although it kept an Equalweight rating. Morgan Stanley sets Palantir stock price target
• Neutral Sentiment: Analysts described the quarter as exceptionally strong, but the market reaction suggests the results were largely anticipated after Palantir’s substantial prior rally.
• Negative Sentiment: Investors were concerned that U.S. commercial contract growth and new deal activity are beginning to decelerate, raising questions about whether Palantir can replenish its growth pipeline quickly enough. Here’s why Palantir’s stock is down despite a bombastic quarter
• Negative Sentiment: Valuation remains a major overhang: Palantir’s market capitalization is about $428.6 billion and its P/E ratio is roughly 152. Investors appear to require outsized growth and increasingly large earnings beats to justify the premium.

About Palantir Technologies

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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