Cantor Fitzgerald Issues Positive Forecast for PLTR Earnings

Palantir Technologies Inc. (NASDAQ:PLTR) – Equities research analysts at Cantor Fitzgerald boosted their FY2025 earnings estimates for shares of Palantir Technologies in a research report issued on Tuesday, August 5th. Cantor Fitzgerald analyst T. Blakey now anticipates that the company will post earnings of $0.42 per share for the year, up from their previous forecast of $0.34. Cantor Fitzgerald currently has a “Neutral” rating and a $155.00 target price on the stock. The consensus estimate for Palantir Technologies’ current full-year earnings is $0.31 per share. Cantor Fitzgerald also issued estimates for Palantir Technologies’ FY2026 earnings at $0.54 EPS.

Several other equities research analysts have also issued reports on PLTR. Bank of America lifted their price objective on shares of Palantir Technologies from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup reiterated a “neutral” rating and set a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday. Royal Bank Of Canada increased their price objective on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday. Piper Sandler set a $182.00 target price on Palantir Technologies in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and upped their target price for the stock from $80.00 to $160.00 in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $136.61.

Palantir Technologies Stock Performance

Shares of PLTR opened at $179.54 on Wednesday. The firm has a market cap of $423.70 billion, a PE ratio of 598.49, a PEG ratio of 14.08 and a beta of 2.60. The firm’s 50 day moving average price is $143.23 and its 200 day moving average price is $114.06. Palantir Technologies has a twelve month low of $26.24 and a twelve month high of $180.58.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%. The business’s revenue was up 48.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 EPS.

Insiders Place Their Bets

In other news, insider David A. Glazer sold 3,418 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total transaction of $430,565.46. Following the sale, the insider owned 492,079 shares of the company’s stock, valued at approximately $61,987,191.63. This trade represents a 0.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 405,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the sale, the insider owned 702,786 shares in the company, valued at approximately $92,823,974.88. This represents a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,485,632 shares of company stock valued at $191,222,623 in the last quarter. 9.23% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Palantir Technologies

Several institutional investors and hedge funds have recently bought and sold shares of PLTR. Revolve Wealth Partners LLC acquired a new position in Palantir Technologies in the fourth quarter worth about $450,000. Envestnet Asset Management Inc. boosted its stake in Palantir Technologies by 30.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 592,412 shares of the company’s stock valued at $44,804,000 after buying an additional 137,604 shares in the last quarter. Quadrant Capital Group LLC grew its position in Palantir Technologies by 158.0% in the fourth quarter. Quadrant Capital Group LLC now owns 5,265 shares of the company’s stock valued at $398,000 after acquiring an additional 3,224 shares during the period. Cerity Partners LLC lifted its holdings in shares of Palantir Technologies by 15.3% during the fourth quarter. Cerity Partners LLC now owns 630,088 shares of the company’s stock valued at $47,654,000 after acquiring an additional 83,757 shares during the period. Finally, Shelton Capital Management boosted its stake in shares of Palantir Technologies by 285.8% in the 4th quarter. Shelton Capital Management now owns 318,752 shares of the company’s stock valued at $24,107,000 after purchasing an additional 236,128 shares in the last quarter. Institutional investors 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.