Palantir Technologies (NASDAQ:PLTR) Trading Up 2.5% - Still a Buy?

Key Points

• Shares rose about 2.5% to $135.63 on higher volume, driven by bullish flows (Cathie Wood buying ~$11M, Trump praise, Wedbush support) even as critics like Michael Burry and a Mizuho price‑target cut added downside pressure.
• Fundamentals show strength — Palantir beat estimates with $0.25 EPS and $1.41B revenue (up 70% YoY) and a 36% net margin — but the stock trades at a rich valuation (PE ~215) with a consensus $197.32 price target and mixed analyst ratings.
• The next major catalyst is Palantir’s May 4 Q1 2026 earnings release, while key risks include competitive pressure from Anthropic and notable insider selling (1,029,879 shares sold last quarter), which could amplify volatility.

Shares of Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) were up 2.5% during trading on Tuesday . The stock traded as high as $138.07 and last traded at $135.63. Approximately 52,239,131 shares changed hands during trading, an increase of 3% from the average daily volume of 50,896,828 shares. The stock had previously closed at $132.37.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: ARK/Cathie Wood bought roughly $11M of PLTR shares, boosting demand and signaling conviction from a large retail/institutional AI-focused buyer. Cathie Wood Loads Up $11 Million More of This Controversial Tech Stock
• Positive Sentiment: Former President Trump publicly praised Palantir, raising short‑term retail attention and giving the stock a political sentiment lift. Trump Endorsed Palantir Stock, and the Market Reacted
• Positive Sentiment: Wedbush and other bulls reiterated confidence in Palantir’s AI moat and fundamentals, arguing recent sell-offs are overdone and supporting buy-the-dip flows. Ignore the Anthropic Panic and Keep Buying Palantir Stock, Says Wedbush
• Neutral Sentiment: Palantir set its Q1 2026 earnings release and webcast for May 4; upcoming results and guidance will be a major near-term catalyst for the stock. Palantir Announces Date of First Quarter 2026 Earnings Release and Webcast
• Neutral Sentiment: CEO Alex Karp told Fortune there was “never a sense” Palantir products would be used for domestic surveillance in the Anthropic‑DoD debate — messaging that may reduce regulatory/PR risk. Palantir CEO Alex Karp says there was ‘never a sense’ AI products would be used for domestic surveillance in Anthropic-DoD feud
• Negative Sentiment: Billionaire Michael Burry criticized Palantir and called Anthropic a serious threat, reviving short-seller attention and increasing downside pressure. Billionaire Michael Burry: Anthropic Is a Serious Threat to Palantir Stock
• Negative Sentiment: Analysis suggests Anthropic’s ~$30B ARR growth is encroaching on middleware advantages that helped Palantir—raising competitive risk for its AI platform business. Palantir: Anthropic's $30 Billion ARR Surge Is Eating The Middleware Moat
• Negative Sentiment: Mizuho trimmed its price target to $185 (but kept an Outperform rating), reflecting a valuation reset and adding cautious analyst pressure on the shares. Palantir Sees Target Cut to $185 by Mizuho: Is the AI Darling Losing Its Luster?

Analyst Ratings Changes

PLTR has been the topic of a number of recent analyst reports. DA Davidson cut their price target on shares of Palantir Technologies from $215.00 to $180.00 and set a "neutral" rating on the stock in a report on Tuesday, February 3rd. UBS Group boosted their price target on shares of Palantir Technologies from $180.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, March 18th. Zacks Research lowered shares of Palantir Technologies from a "strong-buy" rating to a "hold" rating in a report on Friday, January 30th. Northland Securities upgraded shares of Palantir Technologies from a "market perform" rating to an "outperform" rating and set a $190.00 price target on the stock in a report on Tuesday, February 3rd. Finally, Phillip Securities cut their price target on shares of Palantir Technologies from $208.00 to $190.00 and set a "buy" rating on the stock in a report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $197.32.

Palantir Technologies Stock Performance

The stock has a market cap of $324.38 billion, a price-to-earnings ratio of 215.29, a price-to-earnings-growth ratio of 2.54 and a beta of 1.68. The company's 50 day simple moving average is $143.65 and its two-hundred day simple moving average is $165.95.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The company's revenue for the quarter was up 70.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 19,988 shares of the company's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,672,795.36. Following the transaction, the insider owned 219,421 shares in the company, valued at approximately $29,340,976.12. This represents a 8.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Glazer sold 17,438 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 transaction of $2,331,809.36. Following the transaction, the insider owned 392,370 shares in the company, valued at approximately $52,467,716.40. This trade represents a 4.26% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,029,879 shares of company stock worth $137,746,253. 9.23% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Decker Retirement Planning Inc. boosted its holdings in Palantir Technologies by 778.7% in the 3rd quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company's stock valued at $11,187,000 after purchasing an additional 54,347 shares during the period. Prentice Wealth Management LLC bought a new stake in Palantir Technologies in the 3rd quarter valued at $550,000. Watershed Private Wealth LLC boosted its holdings in Palantir Technologies by 75.3% in the 3rd quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company's stock valued at $1,423,000 after purchasing an additional 3,350 shares during the period. GAM Holding AG boosted its holdings in Palantir Technologies by 39.0% in the 3rd quarter. GAM Holding AG now owns 13,788 shares of the company's stock valued at $2,515,000 after purchasing an additional 3,868 shares during the period. Finally, GPS Wealth Strategies Group LLC boosted its holdings in Palantir Technologies by 26.4% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 58,548 shares of the company's stock valued at $10,680,000 after purchasing an additional 12,229 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.