Wall Street Zen Upgrades Palantir Technologies (NASDAQ:PLTR) to Buy

Palantir Technologies (NASDAQ:PLTR) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other brokerages also recently issued reports on PLTR. Morgan Stanley boosted their target price on shares of Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 4th. Bank of America upped their price target on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Loop Capital raised their price objective on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Northland Securities upped their target price on Palantir Technologies from $14.00 to $18.50 in a report on Tuesday, November 4th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $173.45.

Palantir Technologies Trading Up 1.6%

PLTR stock opened at $177.93 on Friday. Palantir Technologies has a one year low of $55.30 and a one year high of $207.52. The firm has a market capitalization of $422.11 billion, a PE ratio of 423.65, a P/E/G ratio of 6.90 and a beta of 2.63. The firm has a 50-day moving average of $177.73 and a two-hundred day moving average of $154.47.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same period last year, the firm posted $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 anticipate that Palantir Technologies will post 0.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider David A. Glazer sold 81,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey Buckley sold 2,803 shares of the firm’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the transaction, the insider owned 50,961 shares in the company, valued at $8,000,877. This represents a 5.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,527,750 shares of company stock worth $234,463,896 in the last quarter. Corporate insiders own 12.93% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

Several institutional investors have recently bought and sold shares of PLTR. Mechanics Financial Corp bought a new stake in Palantir Technologies during the first quarter worth approximately $25,000. Signature Resources Capital Management LLC bought a new stake in Palantir Technologies during the second quarter valued at about $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at about $27,000. 1248 Management LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at about $27,000. Finally, Briaud Financial Planning Inc bought a new position in shares of Palantir Technologies in the second quarter worth about $27,000. 45.65% of the stock is currently owned by 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.