Wedbush Reaffirms "Outperform" Rating for Palantir Technologies (NASDAQ:PLTR)

Key Points

• Wedbush reaffirmed an "Outperform" on Palantir with a $230 price target — implying roughly an 87% upside — while the Street consensus rates the stock a "Moderate Buy" with an average target of about $197.77.
• Palantir beat quarterly estimates ($0.25 EPS vs. $0.23 est.; $1.41B revenue vs. $1.34B est., revenue +70% YoY) but the stock slid ~5.9% to $122.80 amid rich valuation (P/E ~196) and investor concerns over competition and sector volatility.
• Insiders have been net sellers recently, disposing of 1,029,879 shares worth ~$137.7M in the last 90 days (including a 327,088‑share sale by Stephen A. Cohen), with insiders now owning about 9.23% of the company.

Palantir Technologies (NASDAQ:PLTR - Get Free Report)'s stock had its "outperform" rating reissued by equities research analysts at Wedbush in a report issued on Friday,Benzinga reports. They currently have a $230.00 price target on the stock. Wedbush's price objective would indicate a potential upside of 87.29% from the stock's previous close.

A number of other equities analysts also recently issued reports on the company. Weiss Ratings downgraded Palantir Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, January 15th. Cantor Fitzgerald reissued a "neutral" rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. Freedom Capital raised shares of Palantir Technologies from a "strong sell" rating to a "strong-buy" rating in a report on Friday, February 13th. Piper Sandler reissued an "overweight" rating and set a $230.00 price objective on shares of Palantir Technologies in a report on Tuesday, February 3rd. Finally, DA Davidson dropped their price objective 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. 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 company's stock. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $197.77.

Palantir Technologies Trading Down 5.9%

Shares of PLTR stock traded down $7.69 during trading hours on Friday, reaching $122.80. 17,578,579 shares of the company's stock were exchanged, compared to its average volume of 49,034,781. The stock's 50 day moving average is $144.34 and its 200-day moving average is $166.84. The company has a market cap of $293.70 billion, a price-to-earnings ratio of 196.28, a P/E/G ratio of 2.79 and a beta of 1.68. Palantir Technologies has a fifty-two week low of $85.47 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The business's quarterly revenue was up 70.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 earnings per share. Equities analysts anticipate that Palantir Technologies will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider David A. Glazer sold 17,438 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the sale, the insider directly owned 392,370 shares of the company's stock, valued at $52,467,716.40. This represents a 4.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stephen Andrew Cohen sold 327,088 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the sale, the insider directly owned 592 shares in the company, valued at approximately $79,162.24. The trade was a 99.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,029,879 shares of company stock worth $137,746,253. 9.23% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Palantir Technologies

Hedge funds have recently modified their holdings of the company. Bare Financial Services Inc lifted its stake in Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company's stock valued at $28,000 after buying an additional 55 shares in the last quarter. Delos Wealth Advisors LLC acquired a new stake in Palantir Technologies in the 2nd quarter valued at about $29,000. Basepoint Wealth LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $29,000. Zeit Capital LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter worth approximately $30,000. Finally, Financial Consulate Inc. acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $30,000. 45.65% of the stock is 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: Analysts and bulls push back — Wedbush and other analysts call Burry’s Anthropic narrative overstated, framing the pullback as a potential buying opportunity given Palantir’s defense foothold, partnerships, and strong contract backlog. Wedbush says Burry's Palantir bear case is fictional
• Positive Sentiment: Citi and some street bulls still favor Palantir amid the software slump — Citi’s coverage contrasts downgrades elsewhere by keeping Palantir among favored AI/defense names, highlighting differentiated enterprise/government demand. Why Citi Is Betting on Palantir and Microsoft as the Software Stock Slump Refuses to Let Up
• Neutral Sentiment: Strong fundamentals remain mixed with valuation — Palantir continues to report high revenue growth and big government/enterprise deals, but the stock trades at very rich multiples, leaving little room for execution misses. Is It Too Late to Buy Palantir Stock?
• Neutral Sentiment: Some bullish price targets remain — street-high forecasts imply meaningful upside for long-term holders, creating a tug-of-war between momentum sellers and longer-term buyers. Palantir Stock Forecast 2026 — Street-High Price Target Sees Nearly 100% Upside
• Negative Sentiment: Michael Burry’s critique reignited competition fears — his assertion that “Anthropic is eating Palantir’s lunch” triggered large intraday declines as investors reassess the company’s ability to defend enterprise AI spend. Michael Burry says Anthropic is 'eating Palantir's lunch' as enterprise AI spending shifts - Business Insider
• Negative Sentiment: Sector volatility from Anthropic’s Mythos model — broader software names were sold off after Anthropic’s product news, which amplified pressure on high‑flyers like PLTR. Anthropic's Latest AI Model Sends a Shockwave Through Software Stocks
• Negative Sentiment: Valuation and regulatory scrutiny are overhangs — multiple writeups flag sky‑high multiples and continued UK/government scrutiny as downside risks if growth or contract wins slow. PLTR's Valuation Signals AI Optimism, Leaving Little Room for Error

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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