Palantir Technologies Inc. (PLTR) - What Are Analysts Thinking About This Stock?

Key Points

• Analyst sentiment is broadly positive: Of 39 firms covering Palantir, 28 rate it Buy or Strong Buy, eight Hold, and three Sell; the average 12-month price target is $214.53.
• Palantir beat quarterly estimates, with revenue up 96% year over year to $2.31 billion, and raised its 2026 revenue outlook to $8.5 billion. U.S. commercial revenue grew 148% and exceeded government revenue for the first time.
• Risks include slowing bookings growth and a high valuation: Total contract value growth slowed to 6% from 49% the prior quarter, prompting questions about future demand and leaving the stock vulnerable to disappointment.

Shares of Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the thirty-nine ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $214.53.

Several analysts have recently commented on the stock. KeyCorp reiterated a "sector weight" rating on shares of Palantir Technologies in a report on Wednesday. Northland Securities set a $200.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. Needham & Company LLC set a $215.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 11th. Robert W. Baird set a $250.00 price objective on shares of Palantir Technologies in a research note on Monday, October 12th. Finally, Royal Bank Of Canada lifted their target price on shares of Palantir Technologies from $90.00 to $130.00 and gave the stock an "underperform" rating in a research report on Tuesday.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir beat Q3 estimates, with revenue rising 96% year over year to $2.31 billion and earnings also topping expectations. It raised its 2026 revenue outlook to $8.5 billion and forecast Q4 revenue of $2.6 billion to $2.7 billion. U.S. commercial revenue surged 148% and exceeded U.S. government revenue for the first time. Palantir beats Q3 estimates and raises outlook
• Positive Sentiment: Barclays raised its price target to $273 and kept an Overweight rating, reflecting optimism about Palantir’s growth prospects. Barclays price target update
• Positive Sentiment: Palantir announced a partnership with footwear manufacturer Changshin to use Foundry and AIP across product development and factory operations, adding a commercial customer and use case. Changshin and Palantir partnership
• Neutral Sentiment: ARK bought Palantir shares while some ETFs also added to their holdings, signaling investor support, though these flows do not resolve concerns about fundamentals or valuation. ETF purchases of Palantir shares
• Negative Sentiment: Investors focused on slower bookings: total contract value grew 6%, versus 49% in the prior quarter, while U.S. commercial contract-value growth also decelerated. That raised questions about whether future demand will translate into new contracts as quickly as revenue growth suggests. Analysts cite bookings growth concerns
• Negative Sentiment: Palantir’s lofty valuation leaves little room for disappointment, and broader concerns about an AI-stock bubble may amplify volatility. Midterm election results also raised concern that a proposed defense budget could be reduced, potentially affecting government-related demand. Election-related concerns for Palantir

Palantir Technologies Trading Down 2.1%

NASDAQ:PLTR opened at $171.70 on Thursday. The stock has a market cap of $412.61 billion, a P/E ratio of 120.07, a price-to-earnings-growth ratio of 3.04 and a beta of 1.65. The stock's 50-day moving average is $186.84 and its 200-day moving average is $153.86. Palantir Technologies has a 1-year low of $106.37 and a 1-year high of $212.94.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.18 billion. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. Palantir Technologies's revenue for the quarter was up 95.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 earnings per share. As a group, equities analysts forecast that Palantir Technologies will post 1.33 EPS for the current year.

Insider Buying and Selling

In other Palantir Technologies news, Director Eric Woersching sold 1,000 shares of Palantir Technologies stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $205.00, for a total transaction of $205,000.00. Following the completion of the transaction, the director owned 3,465 shares of the company's stock, valued at $710,325. The trade was a 22.40% decrease in their position. The transaction was disclosed in a filing 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, insider Jeffrey Buckley sold 2,055 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total value of $359,275.65. Following the completion of the sale, the insider owned 58,171 shares in the company, valued at $10,170,035.93. This trade represents a 3.41% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 523,716 shares of company stock worth $92,212,379 in the last 90 days. 9.53% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Palantir Technologies

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of Palantir Technologies by 0.4% during the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company's stock worth $22,146,030,000 after purchasing an additional 757,322 shares during the period. State Street Corp boosted its position in shares of Palantir Technologies by 2.8% in 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. Bank of America Corp DE boosted its position in shares of Palantir Technologies by 28.7% in the 1st 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 during the period. Amundi boosted its position in shares of Palantir Technologies by 2.5% in the 1st quarter. Amundi now owns 16,410,400 shares of the company's stock valued at $2,400,513,000 after purchasing an additional 398,093 shares during the period. Finally, Jennison Associates LLC purchased a new position in Palantir Technologies in the 1st quarter worth about $1,574,111,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

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.

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.