Q3 EPS Forecast for Palantir Technologies Raised by Analyst

Palantir Technologies Inc. (NASDAQ:PLTR) – Equities research analysts at Wedbush lifted their Q3 2026 EPS estimates for Palantir Technologies in a research report issued to clients and investors on Tuesday, May 6th. Wedbush analyst D. Ives now expects that the company will earn $0.08 per share for the quarter, up from their previous estimate of $0.07. Wedbush currently has a “Outperform” rating and a $140.00 target price on the stock. The consensus estimate for Palantir Technologies’ current full-year earnings is $0.31 per share.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. The company had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The firm’s revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 EPS.

PLTR has been the subject of a number of other research reports. DA Davidson lifted their price objective on Palantir Technologies from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday. Robert W. Baird upped their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Palantir Technologies in a research report on Tuesday. Cantor Fitzgerald upped their price target on shares of Palantir Technologies from $98.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Daiwa America raised shares of Palantir Technologies to a “hold” rating in a research note on Tuesday, April 1st. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus target price of $83.95.

Palantir Technologies Price Performance

Shares of PLTR opened at $119.32 on Thursday. Palantir Technologies has a 1-year low of $20.50 and a 1-year high of $125.41. The firm has a 50 day simple moving average of $93.57 and a 200-day simple moving average of $81.48. The stock has a market cap of $279.85 billion, a price-to-earnings ratio of 628.04, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68.

Insider Buying and Selling at Palantir Technologies

In related news, Director Alexandra W. Schiff sold 6,776 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total value of $587,004.88. Following the transaction, the director now directly owns 184,617 shares in the company, valued at approximately $15,993,370.71. This represents a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Heather A. Planishek sold 13,891 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the transaction, the insider now owns 512,006 shares in the company, valued at approximately $59,372,215.76. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,978,181 shares of company stock worth $252,115,667 over the last quarter. 12.93% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Palantir Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of PLTR. Strategic Family Wealth Counselors L.L.C. acquired a new position in Palantir Technologies in the first quarter valued at $259,000. Signature Wealth Management Partners LLC acquired a new stake in Palantir Technologies in the 1st quarter valued at $336,000. Asset Planning Inc increased its stake in Palantir Technologies by 11.3% during the 1st quarter. Asset Planning Inc now owns 1,480 shares of the company’s stock valued at $125,000 after purchasing an additional 150 shares in the last quarter. Headland Capital LLC bought a new position in shares of Palantir Technologies in the first quarter valued at $235,000. Finally, Baker Avenue Asset Management LP grew its holdings in shares of Palantir Technologies by 13.3% during the first quarter. Baker Avenue Asset Management LP now owns 8,322 shares of the company’s stock valued at $702,000 after buying an additional 978 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

About Palantir Technologies

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.