Palantir Technologies (NASDAQ:PLTR) Stock Price Expected to Rise, HSBC Analyst Says

Key Points

• HSBC recently increased its price target for Palantir Technologies' stock from $181.00 to $197.00, maintaining a "hold" rating, indicating a potential upside of 3.92% from current prices.
• The company's revenue for the last quarter reached $1.18 billion, surpassing analysts' expectations of $1.09 billion, marking a significant year-over-year growth of 62.8%.
• Currently, 45.65% of Palantir's stock is held by institutional investors, reflecting strong institutional interest in the company.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) had its price objective lifted by equities research analysts at HSBC from $181.00 to $197.00 in a research report issued on Wednesday,MarketScreener reports. The firm presently has a "hold" rating on the stock. HSBC's price objective indicates a potential upside of 3.92% from the stock's current price.

Other equities research analysts have also issued reports about the company. Royal Bank Of Canada lifted their price objective on Palantir Technologies from $45.00 to $50.00 and gave the stock an "underperform" rating in a research report on Tuesday. Robert W. Baird lifted their price objective on Palantir Technologies from $170.00 to $200.00 and gave the stock a "neutral" rating in a research report on Tuesday. Jefferies Financial Group restated an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday. Raymond James Financial restated a "market perform" rating on shares of Palantir Technologies in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Palantir Technologies from $160.00 to $200.00 and gave the company a "hold" rating in a research note on Tuesday. Five analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $167.66.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $189.58 on Wednesday. Palantir Technologies has a one year low of $53.55 and a one year high of $207.52. The business's fifty day moving average price is $176.97 and its 200-day moving average price is $152.92. The stock has a market capitalization of $449.74 billion, a PE ratio of 450.29, a P/E/G ratio of 10.11 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business's revenue for the quarter was up 62.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts expect that Palantir Technologies will post 0.31 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other news, insider David A. Glazer sold 81,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shyam Sankar sold 375,000 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the sale, the insider owned 702,786 shares of the company's stock, valued at approximately $106,261,243.20. This trade represents a 34.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,527,750 shares of company stock valued at $234,463,896. Insiders own 9.23% of the company's stock.

Institutional Investors Weigh In On Palantir Technologies

A number of hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Palantir Technologies in the second quarter worth approximately $3,307,457,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Palantir Technologies in the second quarter worth approximately $2,543,888,000. Vanguard Group Inc. raised its holdings in shares of Palantir Technologies by 3.6% in the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company's stock worth $28,043,432,000 after buying an additional 7,194,216 shares during the period. Nuveen LLC purchased a new stake in shares of Palantir Technologies in the first quarter worth approximately $520,232,000. Finally, State Street Corp raised its holdings in shares of Palantir Technologies by 6.9% in the second quarter. State Street Corp now owns 94,481,128 shares of the company's stock worth $12,879,667,000 after buying an additional 6,097,629 shares during the period. 45.65% of the stock is currently owned by hedge funds and other 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.

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