Cantor Fitzgerald Forecasts Strong Price Appreciation for Palantir Technologies (NASDAQ:PLTR) Stock

Palantir Technologies (NASDAQ:PLTR - Free Report) had its target price lifted by Cantor Fitzgerald from $98.00 to $110.00 in a research report sent to investors on Tuesday, Marketbeat Ratings reports. Cantor Fitzgerald currently has a neutral rating on the stock. Cantor Fitzgerald also issued estimates for Palantir Technologies' FY2025 earnings at $0.34 EPS.

A number of other research analysts have also recently issued reports on the stock. Loop Capital restated a "buy" rating on shares of Palantir Technologies in a report on Friday, April 4th. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. UBS Group upped their price objective on Palantir Technologies from $80.00 to $105.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Morgan Stanley lowered their price target on shares of Palantir Technologies from $95.00 to $90.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, DA Davidson dropped their price objective on shares of Palantir Technologies from $105.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $83.95.

Palantir Technologies Trading Up 8.0 %

NASDAQ PLTR traded up $8.84 on Tuesday, reaching $119.32. The company's stock had a trading volume of 126,591,388 shares, compared to its average volume of 75,769,561. The business has a 50-day moving average price of $93.57 and a 200 day moving average price of $81.48. The firm has a market cap of $279.85 billion, a PE ratio of 628.04, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. Palantir Technologies has a 52 week low of $20.50 and a 52 week high of $125.41.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.13. The company had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. Palantir Technologies's quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. Analysts anticipate that Palantir Technologies will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In related news, Director Alexandra W. Schiff sold 6,776 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total transaction of $587,004.88. Following the transaction, the director now directly owns 184,617 shares of the company's stock, valued at $15,993,370.71. This trade represents a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the sale, the insider now owns 512,006 shares of the company's stock, valued at approximately $59,372,215.76. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,978,181 shares of company stock valued at $252,115,667. 12.93% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Palantir Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLTR. Mechanics Financial Corp purchased a new stake in shares of Palantir Technologies in the 1st quarter valued at about $25,000. Roxbury Financial LLC bought a new stake in Palantir Technologies during the 4th quarter valued at $27,000. First PREMIER Bank bought a new stake in Palantir Technologies in the 4th quarter worth $28,000. Wolff Wiese Magana LLC raised its stake in shares of Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after acquiring an additional 265 shares during the last quarter. Finally, HighMark Wealth Management LLC boosted its holdings in shares of Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after purchasing an additional 166 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.