Argus Upgrades Palantir Technologies (NASDAQ:PLTR) to Buy

Palantir Technologies (NASDAQ:PLTR - Get Free Report) was upgraded by investment analysts at Argus from a "hold" rating to a "buy" rating in a report released on Wednesday, Marketbeat Ratings reports. The brokerage currently has a $190.00 price objective on the stock. Argus' price objective suggests a potential upside of 39.80% from the company's previous close.

Several other equities analysts have also commented on PLTR. Wedbush reiterated an "outperform" rating and set a $230.00 price objective on shares of Palantir Technologies in a research report on Tuesday. The Goldman Sachs Group dropped their target price on Palantir Technologies from $188.00 to $182.00 in a report on Tuesday, February 3rd. Oppenheimer assumed coverage on Palantir Technologies in a report on Thursday, April 30th. They set an "outperform" rating and a $200.00 target price for the company. William Blair upgraded Palantir Technologies from a "market perform" rating to an "outperform" rating in a report on Monday, February 2nd. Finally, Weiss Ratings cut Palantir Technologies from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $194.08.

Palantir Technologies Trading Down 6.9%

Shares of Palantir Technologies stock opened at $135.91 on Wednesday. The firm has a market capitalization of $325.06 billion, a PE ratio of 152.71, a price-to-earnings-growth ratio of 2.73 and a beta of 1.52. The business's 50-day moving average price is $145.29 and its 200-day moving average price is $162.19. Palantir Technologies has a 12 month low of $105.32 and a 12 month high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a return on equity of 30.26% and a net margin of 43.67%.The company's revenue was up 84.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 EPS. As a group, analysts predict that Palantir Technologies will post 1.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,232 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $129.08, for a total value of $159,026.56. Following the completion of the sale, the insider owned 43,108 shares in the company, valued at approximately $5,564,380.64. This trade represents a 2.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 493,025 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.78, for a total value of $65,956,884.50. Following the completion of the sale, the insider owned 6,432,258 shares of the company's stock, valued at approximately $860,507,475.24. This trade represents a 7.12% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,029,479 shares of company stock worth $137,685,797. Insiders own 9.53% of the company's stock.

Institutional Investors Weigh In On Palantir Technologies

Several institutional investors and hedge funds have recently bought and sold shares of PLTR. Bare Financial Services Inc lifted its holdings in Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company's stock worth $28,000 after buying an additional 55 shares during the period. Basepoint Wealth LLC purchased a new stake in Palantir Technologies in the 4th quarter worth approximately $29,000. Morton Brown Family Wealth LLC lifted its holdings in Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock worth $31,000 after buying an additional 125 shares during the period. Cornerstone Financial Management LLC purchased a new stake in Palantir Technologies in the 4th quarter worth approximately $31,000. Finally, Flagship Wealth Advisors LLC purchased a new stake in Palantir Technologies in the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Blowout Q1 and upgraded guidance — Palantir reported $1.63B revenue (≈+85% YoY), EPS above estimates and raised FY revenue guidance; the quarter showed strong U.S. demand and margin expansion. Read More.
• Positive Sentiment: Official beat-and-raise release and rule‑of‑40 strength — company presentation highlights record growth, large operating leverage and cash generation that support a longer‑term growth/margin story. Read More.
• Neutral Sentiment: Analyst split — some firms hiked price targets (Rosenblatt, Wedbush) while others trimmed or voiced caution; consensus is mixed and revisions will drive near‑term volatility. Read More.
• Negative Sentiment: Market punished the stock despite the beat — investors cited sky‑high multiples and concerns that parts of the commercial business lagged expectations, leading to a sell‑off. Read More.
• Negative Sentiment: Management capacity/prioritization risk — CEO Alex Karp said Palantir will prioritize U.S. warfighters over some commercial clients, which investors worry could cap near‑term commercial upside. Read More.
• Negative Sentiment: Short interest and headline risk — prominent investor Michael Burry publicly flagged a short on PLTR and media flagged heavy insider selling, adding pressure to sentiment. Read More. · Read More.

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir's product portfolio centers on a small number of core platforms.

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