Palantir Technologies (NASDAQ:PLTR) Upgraded by Daiwa Securities Group to “Buy” Rating

Daiwa Securities Group upgraded shares of Palantir Technologies (NASDAQ:PLTR) from a neutral rating to a buy rating in a research note published on Tuesday morning, MarketBeat.com reports. Daiwa Securities Group currently has $180.00 target price on the stock.

A number of other brokerages have also recently weighed in on PLTR. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. DA Davidson dropped their target price on Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. Phillip Securities began coverage on shares of Palantir Technologies in a research report on Thursday, January 22nd. They set a “buy” rating and a $208.00 price target on the stock. William Blair upgraded shares of Palantir Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, February 2nd. Finally, Citigroup upped their target price on shares of Palantir Technologies from $235.00 to $260.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Twelve analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies has an average rating of “Hold” and an average target price of $191.05.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $139.45 on Tuesday. Palantir Technologies has a 1-year low of $66.12 and a 1-year high of $207.52. The firm has a market cap of $332.37 billion, a PE ratio of 221.35, a price-to-earnings-growth ratio of 2.74 and a beta of 1.64. The company has a 50-day moving average of $172.72 and a two-hundred day moving average of $173.16.

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

Insider Buying and Selling

In other news, insider Shyam Sankar sold 19,004 shares of Palantir Technologies stock in a transaction 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 completion of the sale, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $100,435,312.50. The trade was a 2.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 400 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $151.14, for a total transaction of $60,456.00. Following the transaction, the director owned 58,287 shares of the company’s stock, valued at approximately $8,809,497.18. The trade was a 0.68% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,023,844 shares of company stock worth $167,455,085. Corporate insiders own 12.93% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

Several institutional investors have recently added to or reduced their stakes in PLTR. Bare Financial Services Inc boosted its holdings in shares of Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after buying an additional 55 shares in the last quarter. Basepoint Wealth LLC acquired a new position in Palantir Technologies in the fourth quarter valued at $29,000. Financial Consulate Inc. purchased a new position in shares of Palantir Technologies during the third quarter worth about $30,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Palantir Technologies during the third quarter worth about $31,000. Finally, United Financial Planning Group LLC purchased a new stake in shares of Palantir Technologies in the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir continues to report exceptional growth and investor enthusiasm around its AI/data platforms, which supports the long-term bull case. Palantir Shares Pop as Strong Growth Continues. Is It Too Late to Buy the Stock?
• Positive Sentiment: Analysis highlighting rising adoption of Palantir’s AIP/Foundry offerings reinforces expectations for continued revenue expansion. Palantir: Rising Adoption Of AIP To Drive Growth
• Neutral Sentiment: Daiwa Capital upgraded PLTR to Buy citing Q4 results that “left a positive impression,” a supportive data point—although the firm also reset its price target. Daiwa Capital Upgrades Palantir Stock (PLTR) to Buy
• Neutral Sentiment: Daiwa’s upgrade came with a lower-than-before $180 price target (upgrade but trimmed upside), a mixed signal that can limit the rally’s momentum. PLTR Price Target Cut Comes with Upgrade Over Earnings Growth Outlook
• Negative Sentiment: Numerous commentary pieces point to rich valuation and the risk of a large drawdown — a dominant theme pressuring the stock after its run-up. What’s Wrong With Palantir Technologies Stock?
• Negative Sentiment: High-profile bearish technical calls (including Michael Burry’s warning of a large drop) amplify fear and can accelerate selling or deter new buyers. Michael Burry Forecasts 58% Palantir Collapse
• Negative Sentiment: Reputational noise (a temporarily pulled Forbes profile over controversial contracts) adds short-term PR risk. Forbes temporarily pulls Palantir profile — allegedly over ICE contracts
• Negative Sentiment: Broader software/AI sector weakness and calls to “sell into strength” mean short-term flows can push PLTR lower even after beats. Why Palantir (PLTR) Stock Is Up Today and Why One Analyst Says Sell Into Strength

Palantir Technologies Company Profile

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.