Palantir Technologies (NASDAQ:PLTR) Upgraded by Citigroup to “Buy” Rating

Citigroup upgraded shares of Palantir Technologies (NASDAQ:PLTR) from a neutral rating to a buy rating in a research note published on Monday morning, Marketbeat reports. Citigroup currently has $235.00 target price on the stock, up from their prior target price of $210.00.

Several other analysts have also recently commented on PLTR. Robert W. Baird upped their target price on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Piper Sandler lifted their price objective on Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. DA Davidson increased their target price on Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Truist Financial assumed coverage on Palantir Technologies in a report on Tuesday, January 6th. They set a “buy” rating and a $223.00 target price on the stock. Finally, Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average target price of $175.88.

Palantir Technologies Trading Up 1.1%

Palantir Technologies stock opened at $179.41 on Monday. The company has a market cap of $427.61 billion, a PE ratio of 427.18, a PEG ratio of 4.47 and a beta of 1.54. Palantir Technologies has a 1 year low of $63.40 and a 1 year high of $207.52. The company’s 50-day moving average is $178.66 and its two-hundred day moving average is $171.06.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly 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. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm posted $0.10 earnings per share. Palantir Technologies’s revenue for the quarter was up 62.8% compared to the same quarter last year. Research analysts forecast that Palantir Technologies will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 19,004 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $156.25, for a total transaction of $2,969,375.00. Following the sale, the insider directly owned 642,786 shares in the company, valued at approximately $100,435,312.50. This trade represents a 2.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David A. Glazer sold 9,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the completion of the transaction, the insider directly owned 413,639 shares in the company, valued at approximately $76,899,626.49. The trade was a 2.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,023,444 shares of company stock worth $167,394,629 in the last quarter. Company insiders own 12.93% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLTR. Vanguard Group Inc. increased its stake in shares of Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after purchasing an additional 7,194,216 shares in the last quarter. Truist Financial Corp lifted its position in Palantir Technologies by 4.2% during the second quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after purchasing an additional 21,809 shares in the last quarter. Prentice Wealth Management LLC bought a new stake in Palantir Technologies during the third quarter valued at about $550,000. Watershed Private Wealth LLC grew its holdings in Palantir Technologies by 75.3% during the third quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company’s stock valued at $1,423,000 after purchasing an additional 3,350 shares during the period. Finally, State of Michigan Retirement System increased its position in Palantir Technologies by 1.3% in the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock worth $127,923,000 after buying an additional 12,300 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Citi Research upgraded PLTR to a Buy and raised its 2026 price target to $235 (from $210), citing strong sales/margin momentum and upside to 2026 estimates — a major near-term positive for investor sentiment. Palantir Stock Climbs on Citi Upgrade
• Positive Sentiment: Multiple outlets highlight Palantir as a top beneficiary of an AI “supercycle” (enterprise AI, agentic AI and defense spending), reinforcing growth expectations that support higher multiples. Palantir’s stock could benefit from this ‘supercycle’
• Positive Sentiment: Truist initiated coverage with a Buy, adding another institutional endorsement that lends support to the stock’s momentum. Truist Initiates Palantir as Buy
• Neutral Sentiment: Palantir scheduled its Q4 & full-year 2025 earnings release and webcast for Feb. 2 (post-close), which is a clear near-term catalyst — results and guidance will likely drive volatility. Earnings Release and Webcast Announcement
• Neutral Sentiment: Reported short-interest data for Jan. 12 shows an anomalous “large increase” entry but lists 0 shares/NaN change and a 0.0 days ratio — likely a reporting/data error, so it probably isn’t a meaningful market driver.
• Negative Sentiment: Several analysts/commentary warn valuation risk and the potential for a pullback (one piece flags $150 as a key level for bulls); elevated multiples mean earnings/guidance shortfalls could trigger sharp declines. Palantir: $150 Price Key For Bulls

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.