DA Davidson Boosts Palantir Technologies (NASDAQ:PLTR) Price Target to $115.00

Palantir Technologies (NASDAQ:PLTR - Free Report) had its target price hoisted by DA Davidson from $100.00 to $115.00 in a report released on Tuesday morning, MarketBeat Ratings reports. The firm currently has a neutral rating on the stock. DA Davidson also issued estimates for Palantir Technologies' Q2 2025 earnings at $0.09 EPS, FY2025 earnings at $0.31 EPS and FY2026 earnings at $0.30 EPS.

A number of other equities analysts have also issued reports on PLTR. Robert W. Baird raised their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Royal Bank of Canada restated an "underperform" rating and set a $40.00 target price on shares of Palantir Technologies in a research report on Tuesday, April 29th. Morgan Stanley increased their price target on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Citigroup boosted their price objective on Palantir Technologies from $42.00 to $110.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. Finally, Loop Capital reiterated a "buy" rating on shares of Palantir Technologies in a research report on Friday, April 4th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $83.95.

Palantir Technologies Price Performance

Palantir Technologies stock traded up $8.84 during mid-day trading on Tuesday, reaching $119.32. 125,857,070 shares of the company traded hands, compared to its average volume of 75,733,663. Palantir Technologies has a fifty-two week low of $20.50 and a fifty-two week high of $125.41. The firm's fifty day moving average is $92.85 and its two-hundred day moving average is $80.95. The company has a market capitalization of $279.85 billion, a price-to-earnings ratio of 628.04, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.13. The company had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The firm's quarterly revenue was up 39.4% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS. As a group, equities research analysts predict that Palantir Technologies will post 0.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Heather A. Planishek sold 18,537 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $102.32, for a total value of $1,896,705.84. Following the completion of the transaction, the insider now owns 493,469 shares in the company, valued at $50,491,748.08. This trade represents a 3.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the sale, the insider now owns 592 shares in the company, valued at $48,988. This represents a 99.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,978,181 shares of company stock valued at $252,115,667. 12.93% of the stock is owned by company insiders.

Hedge Funds Weigh In On Palantir Technologies

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of Palantir Technologies by 8.6% during the fourth quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock worth $3,929,401,000 after purchasing an additional 4,127,306 shares in the last quarter. Northern Trust Corp grew its position in Palantir Technologies by 20.4% in the 4th quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock valued at $1,473,913,000 after buying an additional 3,299,779 shares in the last quarter. Norges Bank acquired a new stake in Palantir Technologies in the 4th quarter valued at about $1,360,191,000. FMR LLC raised its position in shares of Palantir Technologies by 22.6% during the fourth quarter. FMR LLC now owns 15,296,371 shares of the company's stock worth $1,156,864,000 after purchasing an additional 2,818,090 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Palantir Technologies by 31.2% during the fourth quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock valued at $1,115,409,000 after acquiring an additional 3,509,311 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

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.