Palantir Technologies (NASDAQ:PLTR) Rating Increased to Buy at Citigroup

Key Points

• Citigroup upgraded Palantir from "neutral" to "buy" and set a $235 price target, implying roughly 32.4% upside from the current share price.
• Palantir beat estimates in its last quarterly report (EPS $0.21 vs. $0.17; revenue $1.18B vs. $1.09B) with revenue up 62.8% year‑over‑year, but the stock carries a lofty valuation (PE ~422) and an average analyst consensus of "Hold" with a $175.88 target.
• Insiders have been net sellers—about 1,023,444 shares (~$167.4M) sold in the past 90 days—while institutional investors own a large portion of the company (around 45.65%), led by Vanguard and State Street.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) was upgraded by equities research analysts at Citigroup from a "neutral" rating to a "buy" rating in a note issued to investors on Monday, MarketBeat reports. The brokerage currently has a $235.00 target price on the stock. Citigroup's price target points to a potential upside of 32.40% from the company's current price.

A number of other research analysts have also weighed in on PLTR. DA Davidson raised their target price on shares of Palantir Technologies from $170.00 to $215.00 and gave the company a "neutral" rating in a report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Palantir Technologies from $160.00 to $200.00 and gave the stock a "hold" rating in a research note on Tuesday, November 4th. Wall Street Zen cut shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Friday, November 28th. Zacks Research upgraded Palantir Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 1st. Finally, Northland Securities raised their price objective on Palantir Technologies from $14.00 to $18.50 in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $175.88.

Palantir Technologies Stock Up 0.4%

PLTR opened at $177.49 on Monday. The company has a market capitalization of $423.04 billion, a PE ratio of 422.61, a price-to-earnings-growth ratio of 4.47 and a beta of 1.54. The firm has a 50-day simple moving average of $179.21 and a two-hundred day simple moving average of $170.81. Palantir Technologies has a 52 week low of $63.40 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm's revenue for the quarter was up 62.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. As a group, sell-side analysts expect that Palantir Technologies will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Shyam Sankar sold 149,872 shares of the company's stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $24,577,509.28. Following the transaction, the insider directly owned 642,786 shares in the company, valued at approximately $105,410,476.14. This represents a 18.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the firm's stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $162.36, for a total transaction of $5,852,753.28. Following the completion of the transaction, the insider directly owned 251,409 shares in the company, valued at $40,818,765.24. This represents a 12.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,023,444 shares of company stock worth $167,394,629 over the last ninety days. Corporate insiders own 9.23% of the company's stock.

Hedge Funds Weigh In On Palantir Technologies

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Palantir Technologies by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company's stock worth $39,017,133,000 after purchasing an additional 8,168,604 shares during the period. State Street Corp increased its stake in shares of Palantir Technologies by 7.2% during the third quarter. State Street Corp now owns 101,258,899 shares of the company's stock valued at $18,471,648,000 after buying an additional 6,777,771 shares during the period. Norges Bank bought a new stake in shares of Palantir Technologies in the second quarter valued at about $3,307,457,000. Invesco Ltd. raised its holdings in shares of Palantir Technologies by 5.9% in the third quarter. Invesco Ltd. now owns 21,798,785 shares of the company's stock valued at $3,976,534,000 after acquiring an additional 1,213,529 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Palantir Technologies by 3.8% in the third quarter. Northern Trust Corp now owns 21,088,462 shares of the company's stock worth $3,846,957,000 after acquiring an additional 769,238 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Truist initiated coverage on Palantir with a Buy and called the company “best‑in‑class,” giving institutional‑grade support that can attract investor inflows. Truist Initiates Palantir (PLTR) as Buy
• Neutral Sentiment: Market note: PLTR sold off at the start of 2026 (about -14% in the first five sessions) due to a rotation out of AI names but has shown a small rebound in the past week and remains well above prior year levels — underscoring high volatility tied to sector flows. Palantir Price Prediction and Forecast 2026-2030
• Neutral Sentiment: Investor commentary suggests it may be “too early to call” Palantir’s next leg, highlighting ongoing debate between growth potential from AI/business momentum and near‑term macro/rotation risks. ‘It’s Too Early to Call,’ Says Investor About Palantir Stock
• Negative Sentiment: Several analysts and commentaries warn Palantir could stall in 2026 due to lofty valuation relative to peers, pushing some investors to prefer other AI names; that skepticism can cap upside until growth visibility improves. Why Wall Street Thinks Palantir Stock Will Stall
• Negative Sentiment: Notable selling: a prominent investor vehicle (Cathie Wood/ARK‑related reporting) sold over $10M of Palantir stock recently, a flow event that can increase short‑term downward pressure on price. Cathie Wood Invest Dumps Over $10 Million Of Palantir Stock
• Negative Sentiment: Media roundups flag Palantir among names that “plummeted” during the recent pullback in some sectors, reflecting headlines and momentum trading that can amplify swings independent of fundamentals. Benzinga Bulls And Bears: Palantir Plummets

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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