Palantir Technologies (NASDAQ:PLTR) Upgraded at Citigroup

Citigroup upgraded shares of Palantir Technologies (NASDAQ:PLTR) from a neutral rating to a buy rating in a research report sent to investors on Monday, Marketbeat Ratings reports. They currently have $235.00 price target on the stock, up from their prior price target of $210.00.

A number of other analysts also recently issued reports on the company. Jefferies Financial Group reissued an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Raymond James Financial reiterated a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Bank of America boosted their price target on shares of Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. DA Davidson increased their price objective on shares of Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Finally, Robert W. Baird lifted their target price on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and an average target price of $175.88.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $178.40 on Monday. The company has a market capitalization of $425.21 billion, a P/E ratio of 424.77, a P/E/G ratio of 4.50 and a beta of 1.54. The company has a 50 day simple moving average of $178.23 and a 200-day simple moving average of $171.45. Palantir Technologies has a 1 year low of $66.12 and a 1 year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data 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 company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 earnings per share. As a group, research analysts expect that Palantir Technologies will post 0.31 EPS for the current year.

Insider Transactions at Palantir Technologies

In related news, insider David A. Glazer sold 9,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $185.91, for a total value of $1,673,190.00. Following the completion of the transaction, the insider owned 413,639 shares in the company, valued at $76,899,626.49. The trade was a 2.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey Buckley sold 1,252 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $157.50, for a total transaction of $197,190.00. Following the transaction, the insider owned 47,044 shares of the company’s stock, valued at $7,409,430. This trade represents a 2.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,023,444 shares of company stock valued at $167,394,629 over the last quarter. Insiders own 9.23% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

Hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new position in Palantir Technologies during the second quarter worth approximately $3,307,457,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of Palantir Technologies during the second quarter worth approximately $2,543,888,000. Vanguard Group Inc. increased its holdings in shares of Palantir Technologies by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock valued at $39,017,133,000 after acquiring an additional 8,168,604 shares during the period. State Street Corp increased its holdings in shares of Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after acquiring an additional 6,777,771 shares during the period. Finally, Amundi raised its position in Palantir Technologies by 38.7% in the 3rd quarter. Amundi now owns 15,679,158 shares of the company’s stock valued at $2,814,879,000 after purchasing an additional 4,373,201 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

More Palantir Technologies News

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

• Positive Sentiment: Citi upgraded PLTR to Buy and raised its target, citing an expected “supercycle” and very strong revenue growth—this upgrade is driving constructive analyst momentum and helped lift some near-term buy-side interest. Citi upgrade
• Positive Sentiment: Multiple Wall Street analysts have raised estimates and price targets recently, reinforcing bullish expectations for PLTR’s AI software demand across government and commercial customers. That analyst optimism supports a higher valuation baseline. Analyst revisions
• Neutral Sentiment: Palantir’s growing government business and recent contract wins keep revenue momentum intact, but some of that strength is already priced-in—investors should weigh execution vs. very high expectations. Government deal context
• Neutral Sentiment: Comparisons with peers (e.g., Micron) highlight differing AI exposure and valuation profiles; useful context for portfolio positioning but not an immediate catalyst. Micron vs Palantir
• Negative Sentiment: Legal headline risk: Percepta AI and former employees are publicly pushing back against Palantir’s lawsuit, framing it as anti-competitive—this dispute creates reputational and legal uncertainty that could pressure the stock during headline-driven selloffs. Percepta lawsuit
• Negative Sentiment: Valuation and rotation risk: coverage pieces warn PLTR is priced for perfection and note an AI-rotation / broader tech pullback—those narratives are likely the main drivers behind today’s weakness. Valuation concerns

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.