Palantir Technologies' (PLTR) "Outperform" Rating Reaffirmed at Wedbush

Key Points

• Wedbush reiterated an Outperform rating on Palantir with a $230 price target, implying roughly a 67% upside from the prior close.
• Palantir delivered a strong Q1, reporting $1.63 billion revenue (+85% Y/Y) and $0.33 EPS (vs. $0.28 est.), and raised guidance while posting its fastest post‑IPO growth and margin expansion.
• Despite the beat, the stock fell to $137.47 amid mixed analyst views (consensus Moderate Buy, $192.58 target), heavy insider selling and notable short interest, increasing headline and valuation risk.

Palantir Technologies (NASDAQ:PLTR - Get Free Report)'s stock had its "outperform" rating reiterated by equities research analysts at Wedbush in a research report issued on Tuesday,Benzinga reports. They currently have a $230.00 price target on the stock. Wedbush's price objective would indicate a potential upside of 67.31% from the stock's previous close.

A number of other research firms also recently commented on PLTR. DZ Bank assumed coverage on Palantir Technologies in a report on Thursday, April 23rd. They issued a "buy" rating and a $175.00 price objective on the stock. Benchmark assumed coverage on Palantir Technologies in a report on Wednesday, April 1st. They issued a "hold" rating on the stock. Weiss Ratings cut Palantir Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, April 27th. DA Davidson decreased their target price on Palantir Technologies from $180.00 to $165.00 and set a "neutral" rating for the company in a research report on Tuesday. Finally, UBS Group increased their price objective on Palantir Technologies from $180.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $192.58.

Palantir Technologies Price Performance

Shares of PLTR traded down $8.56 during mid-day trading on Tuesday, reaching $137.47. The company's stock had a trading volume of 31,881,017 shares, compared to its average volume of 49,132,203. Palantir Technologies has a 12-month low of $105.32 and a 12-month high of $207.52. The stock has a market cap of $328.79 billion, a PE ratio of 217.67, a price-to-earnings-growth ratio of 2.69 and a beta of 1.52. The company's 50 day moving average is $145.27 and its 200 day moving average is $162.50.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.05. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the business posted $0.13 EPS. The business's revenue for the quarter was up 84.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Palantir Technologies will post 1.05 EPS for the current fiscal year.

Insider Buying and Selling

In other Palantir Technologies news, insider David A. Glazer sold 17,438 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $2,331,809.36. Following the transaction, the insider directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 168,004 shares of Palantir Technologies 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 $22,465,494.88. Following the completion of the transaction, the insider owned 642,786 shares in the company, valued at $85,953,343.92. This trade represents a 20.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,029,479 shares of company stock worth $137,685,797. 9.53% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Decker Retirement Planning Inc. grew its position in shares of Palantir Technologies by 778.7% in the third 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. Milestone Asset Management LLC grew its position in shares of Palantir Technologies by 229.5% in the fourth quarter. Milestone Asset Management LLC now owns 60,551 shares of the company's stock valued at $10,763,000 after purchasing an additional 42,173 shares during the period. GPS Wealth Strategies Group LLC grew its position in shares of Palantir Technologies by 26.4% in the third 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. Public Sector Pension Investment Board grew its position in shares of Palantir Technologies by 135.3% in the third quarter. Public Sector Pension Investment Board now owns 540,835 shares of the company's stock valued at $98,659,000 after purchasing an additional 310,942 shares during the period. Finally, VCI Wealth Management LLC grew its position in shares of Palantir Technologies by 42.3% in the fourth quarter. VCI Wealth Management LLC now owns 12,187 shares of the company's stock valued at $2,166,000 after purchasing an additional 3,621 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Q1 beat and guidance raise — Palantir posted $1.63B in Q1 revenue (+85% Y/Y) and beat EPS forecasts, then lifted FY revenue guidance, which supports higher valuation and upside for enterprise and government contracts. Palantir Reports Q1 2026 U.S. Revenue Growth...
• Positive Sentiment: Fastest growth and margin expansion — Analysts and press note Palantir’s fastest revenue growth since IPO and a record Rule‑of‑40 score, signaling durable AI-driven demand and improving operating leverage. Palantir Hits Fastest Growth Ever As Public Company
• Positive Sentiment: Stronger U.S. government and commercial traction — Reports highlight doubled U.S. revenue and outsized U.S. commercial acceleration, which underpin the guidance raise and cash‑flow strength. Palantir tops first-quarter revenue estimates...
• Neutral Sentiment: Wall Street remains split — Some analysts upgraded or reiterated bullish stances, others caution on valuation; options traders priced in a big post‑earnings move. That mix is keeping volatility elevated but not consensus direction. Top Analysts Remain Split on Palantir Stock...
• Neutral Sentiment: Management priorities could shift mix — CEO Alex Karp said Palantir will prioritize U.S. national‑security customers over some commercial work, which secures high‑margin govt revenue but may constrain near‑term commercial uptake. Palantir's Alex Karp Says PLTR Prioritizes US Warfighters...
• Negative Sentiment: Analyst downgrades and price‑target cuts — Some firms trimmed targets or moved to neutral following the release, signaling caution that rich multiples leave limited margin for disappointment. DA Davidson Lowers Price Target
• Negative Sentiment: High‑profile short and seller activity — Michael Burry disclosed an outright short on Palantir and media highlighted heavy insider selling over recent months; both increase headline risk and can pressure the stock despite strong results. Michael Burry Confirms Short on Palantir
• Negative Sentiment: Some calls to “sell” post‑earnings — A few commentators and analysts warned of profit‑taking despite the beat, contributing to after‑hours weakness in parts of the market. Wall Street Analyst Warns to Sell After Earnings

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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