Palantir Technologies (NASDAQ:PLTR) Stock Price Expected to Rise, DA Davidson Analyst Says

Palantir Technologies (NASDAQ:PLTR) had its target price boosted by investment analysts at DA Davidson from $47.00 to $105.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s price target indicates a potential upside of 3.59% from the company’s previous close. DA Davidson also issued estimates for Palantir Technologies’ FY2025 earnings at $0.37 EPS.

Several other brokerages also recently issued reports on PLTR. The Goldman Sachs Group boosted their price objective on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Jefferies Financial Group upped their target price on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research report on Tuesday. Northland Securities upped their target price on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research report on Tuesday. Baird R W upgraded Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley upgraded Palantir Technologies from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $60.00 to $95.00 in a research report on Tuesday. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Palantir Technologies has an average rating of “Hold” and an average target price of $69.44.

Palantir Technologies Stock Down 2.4 %

Shares of PLTR stock opened at $101.36 on Tuesday. The business has a 50 day moving average of $74.85 and a two-hundred day moving average of $51.92. Palantir Technologies has a 52 week low of $19.76 and a 52 week high of $106.91. The company has a market cap of $230.90 billion, a P/E ratio of 506.83, a PEG ratio of 7.54 and a beta of 2.81.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. Palantir Technologies’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 earnings per share. Analysts expect that Palantir Technologies will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 8,860 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $58.06, for a total transaction of $514,411.60. Following the transaction, the director now directly owns 121,390 shares in the company, valued at $7,047,903.40. The trade was a 6.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alexander C. Karp sold 1,823,602 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $63.12, for a total transaction of $115,105,758.24. Following the transaction, the insider now owns 6,432,258 shares in the company, valued at approximately $406,004,124.96. This represents a 22.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,653,753 shares of company stock valued at $1,039,407,675 in the last three months. 12.93% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Palantir Technologies

A number of large investors have recently bought and sold shares of PLTR. Northwest Investment Counselors LLC bought a new stake in Palantir Technologies in the third quarter worth $25,000. Prestige Wealth Management Group LLC boosted its holdings in Palantir Technologies by 747.1% in the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after purchasing an additional 650 shares in the last quarter. Roxbury Financial LLC bought a new stake in Palantir Technologies in the fourth quarter worth $27,000. First PREMIER Bank bought a new stake in Palantir Technologies in the fourth quarter worth $28,000. Finally, Wolff Wiese Magana LLC boosted its holdings in Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after acquiring an additional 265 shares during the period. 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.