Palantir Technologies (NASDAQ:PLTR) Price Target Lowered to $165.00 at DA Davidson

Key Points

• DA Davidson cut its price target on Palantir to $165 (from $180) and kept a "neutral" rating, while the Street consensus remains a "Moderate Buy" with a higher average target around $192.58.
• Q1 beat-and-raise: Palantir reported $0.33 EPS vs $0.28 est. and $1.63B revenue vs $1.54B est., with revenue up 84.7% YoY and management raising full‑year revenue guidance.
• Risk signs: Large insider selling (over 1.03M shares worth ~$137.7M, including a 327k‑share sale by Stephen Cohen) and a very high trailing P/E (~231.8) could cap multiple expansion and increase volatility.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) had its price target decreased by analysts at DA Davidson from $180.00 to $165.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. DA Davidson's price target suggests a potential upside of 12.99% from the company's previous close.

Several other equities analysts have also weighed in on PLTR. Oppenheimer began coverage on Palantir Technologies in a report on Thursday. They set an "outperform" rating and a $200.00 price objective for the company. Rosenblatt Securities increased their price objective on Palantir Technologies from $200.00 to $225.00 and gave the company a "buy" rating in a report on Tuesday. Truist Financial began coverage on Palantir Technologies in a report on Tuesday, January 6th. They set a "buy" rating and a $223.00 price objective for the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $200.00 price objective on shares of Palantir Technologies in a report on Tuesday, February 3rd. Finally, Zacks Research lowered Palantir Technologies from a "strong-buy" rating to a "hold" rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $192.58.

Palantir Technologies Stock Up 1.4%

PLTR stock opened at $146.03 on Tuesday. The firm has a market cap of $349.26 billion, a PE ratio of 231.80, a P/E/G ratio of 2.69 and a beta of 1.52. The business has a 50 day moving average of $145.27 and a 200-day moving average of $162.50. 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 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.05. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the company earned $0.13 earnings per share. Palantir Technologies's revenue was up 84.7% compared to the same quarter last year. On average, research analysts expect that Palantir Technologies will post 1.05 earnings per share for the current year.

Insider Activity

In related news, insider Stephen Andrew Cohen sold 327,088 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $43,738,207.36. Following the sale, the insider owned 592 shares in the company, valued at approximately $79,162.24. This trade represents a 99.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey Buckley sold 1,232 shares of the stock in a transaction 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 $5,564,380.64. This trade represents a 2.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,029,479 shares of company stock valued at $137,685,797. 9.53% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Palantir Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in PLTR. Bare Financial Services Inc raised its position in shares of Palantir Technologies by 54.5% in the third quarter. Bare Financial Services Inc now owns 156 shares of the company's stock worth $28,000 after buying an additional 55 shares in the last quarter. Basepoint Wealth LLC purchased a new stake in Palantir Technologies during the fourth quarter valued at about $29,000. Morton Brown Family Wealth LLC raised its position in Palantir Technologies by 250.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. Cornerstone Financial Management LLC purchased a new stake in Palantir Technologies during the fourth quarter valued at about $31,000. Finally, Flagship Wealth Advisors LLC purchased a new stake in Palantir Technologies during the third quarter valued at about $32,000. Hedge funds and other institutional investors 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: Q1 beat-and-raise — Palantir beat revenue and EPS estimates and lifted FY revenue guidance after U.S. and commercial demand surged; management highlighted the fastest growth since the IPO. BusinessWire: Palantir Reports Q1 2026
• Positive Sentiment: Margin, profit and cash‑flow strength — operating profit and cash from operations expanded materially, supporting the thesis that Palantir’s AI software growth is translating into durable free cash flow with low capex needs. Seeking Alpha: Rapid FCF Growth
• Positive Sentiment: High‑profile endorsement — TV and market commentators (e.g., Jim Cramer) pushed back on post‑earnings sellers and recommended viewing the call, which can support retail/institutional confidence. Finbold: Jim Cramer Blasts Sellers
• Neutral Sentiment: Business mix / allocation comments — CEO Alex Karp said the company will prioritize U.S. national‑security customers over some commercial work because demand exceeds capacity; this reinforces defense strength but raises questions on how commercial growth will be balanced. Benzinga: Karp Prioritizes Warfighters
• Negative Sentiment: Muted/volatile market reaction — despite the strong print, shares briefly slipped in after‑hours/extended trading and some analysts issued cautionary notes or downgrades, suggesting expectations and valuation are already elevated. TipRanks: What Spooked Investors?
• Negative Sentiment: Insider selling & valuation risk — disclosure/market data show significant insider sales and PLTR trades at a very high trailing P/E, factors that can cap multiple expansion and make the stock sensitive to any execution slip. Quiver Quant: Q1 Release & Insider Activity

About Palantir Technologies

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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