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

Palantir Technologies (NASDAQ:PLTR) had its target price increased by investment analysts at Piper Sandler from $201.00 to $225.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s target price indicates a potential upside of 8.60% from the company’s current price.

A number of other research analysts also recently commented on the company. Loop Capital boosted their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. UBS Group reaffirmed a “neutral” rating and issued a $205.00 price target on shares of Palantir Technologies in a research note on Tuesday. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday. Cantor Fitzgerald boosted their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Finally, Wedbush set a $200.00 target price on Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $150.00.

Palantir Technologies Stock Performance

PLTR opened at $207.18 on Tuesday. Palantir Technologies has a fifty-two week low of $41.03 and a fifty-two week high of $207.52. The company has a market capitalization of $491.50 billion, a P/E ratio of 690.62, a P/E/G ratio of 10.87 and a beta of 2.63. The stock has a fifty day moving average of $175.75 and a 200-day moving average of $151.99.

Palantir Technologies (NASDAQ:PLTR) last posted 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 business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts predict that Palantir Technologies will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 222,878 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $33,737,042.86. Following the sale, the insider owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,527,750 shares of company stock valued at $234,463,896. Corporate insiders own 12.93% of the company’s stock.

Institutional Trading of Palantir Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies during the first quarter worth about $25,000. Signature Resources Capital Management LLC bought a new stake in shares of Palantir Technologies during the second quarter worth about $25,000. Wealth Preservation Advisors LLC bought a new stake in shares of Palantir Technologies during the first quarter worth about $27,000. 1248 Management LLC bought a new stake in Palantir Technologies in the first quarter valued at approximately $27,000. Finally, Briaud Financial Planning Inc bought a new stake in Palantir Technologies in the second quarter valued at approximately $27,000. 45.65% of the stock is currently owned by institutional investors.

About Palantir Technologies

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.