Palantir Technologies’ (PLTR) “Buy” Rating Reiterated at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Palantir Technologies (NASDAQ:PLTR) in a research report sent to investors on Friday morning,Benzinga reports. DA Davidson currently has a $175.00 price objective on the stock.

Several other research firms also recently weighed in on PLTR. Benchmark downgraded Palantir Technologies to a “hold” rating in a research report on Tuesday, June 16th. Rosenblatt Securities restated a “buy” rating and issued a $225.00 price target on shares of Palantir Technologies in a research report on Friday, June 5th. HSBC downgraded Palantir Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $205.00 to $151.00 in a research note on Friday, May 1st. Phillip Securities lifted their price objective on Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Finally, Mizuho cut their price objective on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a research note on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $190.85.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $132.38 on Friday. The company has a 50-day moving average price of $132.20 and a 200-day moving average price of $144.02. Palantir Technologies has a 52 week low of $106.37 and a 52 week high of $207.52. The firm has a market capitalization of $317.36 billion, a P/E ratio of 148.74, a PEG ratio of 2.12 and a beta of 1.56.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The company’s revenue was up 84.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 EPS. As a group, equities research analysts anticipate that Palantir Technologies will post 1.17 EPS for the current year.

Insider Buying and Selling

In other Palantir Technologies news, insider David A. Glazer sold 17,128 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $2,330,093.12. Following the completion of the sale, the insider owned 375,242 shares in the company, valued at approximately $51,047,921.68. This represents a 4.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Stephen Andrew Cohen sold 319,934 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $43,523,821.36. Following the sale, the insider directly owned 592 shares in the company, valued at approximately $80,535.68. This represents a 99.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,112,270 shares of company stock worth $150,247,785 in the last three months. Corporate insiders own 9.53% of the company’s stock.

Institutional Trading of Palantir Technologies

Several institutional investors have recently made changes to their positions in the business. Basepoint Wealth LLC purchased a new stake in Palantir Technologies during the 4th quarter valued at approximately $29,000. Ballast Advisors LLC bought a new stake in shares of Palantir Technologies during the first quarter valued at approximately $29,000. Morton Brown Family Wealth LLC lifted its holdings in shares of Palantir Technologies by 250.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after buying an additional 125 shares in the last quarter. Cornerstone Financial Management LLC purchased a new position in shares of Palantir Technologies in the fourth quarter worth $31,000. Finally, Clayton Financial Group LLC boosted its position in shares of Palantir Technologies by 500.0% during the fourth quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock worth $32,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Summary

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

• Positive Sentiment: DA Davidson reaffirmed its buy rating on Palantir and set a $175 price target, implying meaningful upside from current levels. This helps reinforce the bullish case after recent volatility. Benzinga article
• Positive Sentiment: Palantir’s partnership with Nvidia on sovereign AI is drawing investor interest and is being framed as a potential long-term growth catalyst, especially as AI infrastructure spending continues. Article
• Positive Sentiment: Palantir CEO Alex Karp has been highlighting the company as one of the key beneficiaries of AI infrastructure demand, which may support the bull thesis that Palantir is becoming a major enterprise AI winner. Article

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.