Palantir Technologies (NASDAQ:PLTR) Stock Price Up 1.8% Following Analyst Upgrade

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) rose 1.8% on Wednesday after Mizuho upgraded the stock from a neutral rating to an outperform rating. Mizuho now has a $195.00 price target on the stock. Palantir Technologies traded as high as $140.96 and last traded at $135.38. Approximately 59,280,359 shares were traded during trading, an increase of 15% from the average daily volume of 51,380,035 shares. The stock had previously closed at $133.02.

Other equities research analysts have also recently issued reports about the stock. Robert W. Baird upgraded shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price target for the company in a report on Tuesday, February 3rd. William Blair upgraded shares of Palantir Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, February 2nd. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. 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. Finally, Piper Sandler reiterated an “overweight” rating and set a $230.00 price target on shares of Palantir Technologies in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $191.05.

Insiders Place Their Bets

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $162.36, for a total transaction of $5,852,753.28. Following the completion of the transaction, the insider owned 251,409 shares of the company’s stock, valued at $40,818,765.24. This represents a 12.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David A. Glazer sold 9,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $185.91, for a total value of $1,673,190.00. Following the completion of the sale, the insider owned 413,639 shares of the company’s stock, valued at approximately $76,899,626.49. This trade represents a 2.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 62,100 shares of company stock worth $10,576,379 in the last quarter. 9.23% of the stock is currently owned by company insiders.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Mizuho upgraded PLTR to Outperform with a $195 target, signaling renewed analyst confidence in Palantir’s AI-driven revenue trajectory and providing a tangible bullish catalyst for buyers. Mizuho Upgrade
• Positive Sentiment: Strategic partnership with Rackspace to accelerate enterprise deployments of Palantir Foundry and AIP — this could ease customer implementation bottlenecks, expand reach into regulated sectors, and support faster revenue realization. Rackspace Partnership
• Positive Sentiment: Palantir won a DoD authorization for its Palantir Federal Cloud Service (PFCS) Forward that reduces red tape for expanding DoD use cases — improves defense TAM visibility and could accelerate government deployments. DoD Authorization
• Neutral Sentiment: Headquarters moved from Denver to Miami — the shift is consistent with other tech relocations for tax/regulatory benefits; strategically neutral but may help talent/operating costs over time. HQ Move
• Neutral Sentiment: Market/positioning signals are mixed: unusual put-option flows and heavy analyst debate suggest traders are both hedging and speculating on a reversal — could create short-term volatility. Options Activity
• Negative Sentiment: Michael Burry and others have publicly criticized Palantir after digging into filings — his high-profile bearish commentary adds headline risk and can pressure sentiment. Burry Criticism
• Negative Sentiment: CEO Alex Karp’s reported $17.2M private-jet travel tab and extensive insider selling raise governance and optics concerns that can weigh on investor confidence despite strong fundamentals. Jet Spending / Optics

Institutional Investors Weigh In On Palantir Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Briaud Financial Planning Inc bought a new stake in Palantir Technologies during the 2nd quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Palantir Technologies in the 2nd quarter valued at approximately $27,000. Bare Financial Services Inc boosted its position in shares of Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after purchasing an additional 55 shares in the last quarter. Delos Wealth Advisors LLC purchased a new stake in Palantir Technologies in the second quarter worth $29,000. Finally, Basepoint Wealth LLC purchased a new stake in Palantir Technologies in the fourth quarter worth $29,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Down 0.4%

The firm has a market cap of $321.50 billion, a P/E ratio of 214.11, a P/E/G ratio of 2.60 and a beta of 1.64. The business has a fifty day simple moving average of $165.85 and a 200-day simple moving average of $171.76.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The company’s revenue was up 70.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.