Argus Upgrades Palantir Technologies (NASDAQ:PLTR) to Buy

Palantir Technologies (NASDAQ:PLTR) was upgraded by stock analysts at Argus from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, MarketBeat reports. The firm currently has a $190.00 target price on the stock. Argus’ price target would suggest a potential upside of 39.80% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $200.00 target price on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Zacks Research cut Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. The Goldman Sachs Group lowered their target price on Palantir Technologies from $188.00 to $182.00 in a research note on Tuesday, February 3rd. DA Davidson lowered their target price on Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Truist Financial started coverage on Palantir Technologies in a research report on Tuesday, January 6th. They set a “buy” rating and a $223.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Palantir Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.08.

Palantir Technologies Stock Down 6.9%

PLTR opened at $135.91 on Wednesday. The stock has a market cap of $325.06 billion, a PE ratio of 152.71, a PEG ratio of 2.73 and a beta of 1.52. The business has a 50 day moving average of $145.29 and a 200-day moving average of $162.19. Palantir Technologies has a 52 week low of $105.32 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a return on equity of 30.26% and a net margin of 43.67%.The firm’s revenue for the quarter was up 84.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 EPS. Equities analysts anticipate that Palantir Technologies will post 1.05 EPS for the current year.

Insider Activity at Palantir Technologies

In related news, insider Alexander C. Karp sold 493,025 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.78, for a total transaction of $65,956,884.50. Following the completion of the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at $860,507,475.24. This trade represents a 7.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Glazer sold 17,438 shares of the firm’s 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 $2,331,809.36. Following the transaction, the insider directly owned 392,370 shares of the company’s stock, valued at approximately $52,467,716.40. This trade represents a 4.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,029,479 shares of company stock worth $137,685,797 over the last quarter. 9.53% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PLTR. Decker Retirement Planning Inc. boosted its stake in shares of Palantir Technologies by 778.7% in the 3rd quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company’s stock worth $11,187,000 after buying an additional 54,347 shares during the last quarter. Milestone Asset Management LLC boosted its stake in shares of Palantir Technologies by 229.5% in the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock worth $10,763,000 after buying an additional 42,173 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its stake in shares of Palantir Technologies by 26.4% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 58,548 shares of the company’s stock worth $10,680,000 after buying an additional 12,229 shares during the last quarter. VCI Wealth Management LLC boosted its stake in shares of Palantir Technologies by 42.3% in the 4th quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock worth $2,166,000 after buying an additional 3,621 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its position in Palantir Technologies by 135.3% during 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 in the last quarter. 45.65% of the stock is owned by institutional investors.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Blowout Q1 and upgraded guidance — Palantir reported $1.63B revenue (≈+85% YoY), EPS above estimates and raised FY revenue guidance; the quarter showed strong U.S. demand and margin expansion. Read More.
• Positive Sentiment: Official beat-and-raise release and rule‑of‑40 strength — company presentation highlights record growth, large operating leverage and cash generation that support a longer‑term growth/margin story. Read More.
• Neutral Sentiment: Analyst split — some firms hiked price targets (Rosenblatt, Wedbush) while others trimmed or voiced caution; consensus is mixed and revisions will drive near‑term volatility. Read More.
• Negative Sentiment: Market punished the stock despite the beat — investors cited sky‑high multiples and concerns that parts of the commercial business lagged expectations, leading to a sell‑off. Read More.
• Negative Sentiment: Management capacity/prioritization risk — CEO Alex Karp said Palantir will prioritize U.S. warfighters over some commercial clients, which investors worry could cap near‑term commercial upside. Read More.
• Negative Sentiment: Short interest and headline risk — prominent investor Michael Burry publicly flagged a short on PLTR and media flagged heavy insider selling, adding pressure to sentiment. Read More. · Read More.

About Palantir Technologies

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.