Palantir Technologies (NASDAQ:PLTR) Given New $205.00 Price Target at Morgan Stanley

Palantir Technologies (NASDAQ:PLTR) had its price objective boosted by Morgan Stanley from $155.00 to $205.00 in a research note published on Tuesday morning, Marketbeat reports. They currently have an equal weight rating on the stock.

A number of other analysts have also recently issued reports on PLTR. Bank of America lifted their price objective on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Citigroup upped their price target on Palantir Technologies from $177.00 to $190.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Robert W. Baird increased their target price on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Piper Sandler lifted their price target on shares of Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies currently has an average rating of “Hold” and a consensus price target of $168.33.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $190.74 on Tuesday. Palantir Technologies has a 1 year low of $46.86 and a 1 year high of $207.52. The stock has a market cap of $452.50 billion, a price-to-earnings ratio of 454.15, a PEG ratio of 11.23 and a beta of 2.63. The business has a fifty day moving average of $176.35 and a 200-day moving average of $152.68.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 16.27%. The firm’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same period last year, the firm posted $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts predict that Palantir Technologies will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the sale, the insider directly owned 307,470 shares of the company’s stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Alexander C. Karp sold 222,878 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the completion of the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at $973,650,893.46. This represents a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,527,750 shares of company stock worth $234,463,896 in the last three months. 12.93% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies in the first quarter valued at approximately $25,000. Signature Resources Capital Management LLC bought a new position in Palantir Technologies in the 2nd quarter valued at approximately $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Palantir Technologies during the 1st quarter valued at $27,000. 1248 Management LLC acquired a new stake in shares of Palantir Technologies during the first quarter valued at about $27,000. Finally, Briaud Financial Planning Inc acquired a new position in Palantir Technologies in the 2nd quarter valued at approximately $27,000. 45.65% of the stock is 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.