Palantir Technologies (NASDAQ:PLTR) Earns “Outperform” Rating from Wedbush

Palantir Technologies (NASDAQ:PLTR)‘s stock had its “outperform” rating reissued by equities researchers at Wedbush in a research report issued on Friday,Benzinga reports. They currently have a $230.00 price target on the stock. Wedbush’s price target points to a potential upside of 79.68% from the stock’s previous close.

PLTR has been the subject of a number of other research reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $200.00 price target on shares of Palantir Technologies in a research report on Wednesday, March 25th. Citigroup increased their price target on Palantir Technologies from $235.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Benchmark began coverage on Palantir Technologies in a report on Wednesday, April 1st. They set a “hold” rating on the stock. William Blair raised shares of Palantir Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, February 2nd. Finally, Zacks Research lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies presently has an average rating of “Moderate Buy” and an average price target of $197.77.

Palantir Technologies Trading Down 1.9%

Shares of NASDAQ:PLTR opened at $128.01 on Friday. The stock has a market capitalization of $306.15 billion, a PE ratio of 203.19, a P/E/G ratio of 2.54 and a beta of 1.68. Palantir Technologies has a 1 year low of $85.47 and a 1 year high of $207.52. The firm has a fifty day moving average price of $143.96 and a 200 day moving average price of $166.37.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was up 70.0% compared to the same quarter last year. On average, sell-side analysts forecast that Palantir Technologies will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Alexander C. Karp sold 493,025 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.78, for a total transaction of $65,956,884.50. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $860,507,475.24. This represents a 7.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shyam Sankar sold 168,004 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the transaction, the insider owned 642,786 shares of the company’s stock, valued at approximately $85,953,343.92. The trade was a 20.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,029,879 shares of company stock worth $137,746,253. Corporate insiders own 9.23% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

A number of institutional investors have recently added to or reduced their stakes in PLTR. Bare Financial Services Inc raised its stake in shares of Palantir Technologies by 54.5% in the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after purchasing an additional 55 shares in the last quarter. Basepoint Wealth LLC acquired a new position in shares of Palantir Technologies in the fourth quarter valued at $29,000. Financial Consulate Inc. acquired a new position in shares of Palantir Technologies in the third quarter valued at $30,000. Retirement Wealth Solutions LLC acquired a new position in shares of Palantir Technologies in the third quarter valued at $31,000. Finally, United Financial Planning Group LLC acquired a new position in shares of Palantir Technologies in the third quarter valued at $32,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies News Summary

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

• Positive Sentiment: Political and defense tailwinds: President Trump publicly praised Palantir’s warfighting capabilities and the company is tied to sizable Pentagon programs (Maven expansion, Army procurement pathways) that support revenue visibility for defense customers. QuiverQuant: Trump Praises Palantir
• Positive Sentiment: Bull analyst views and high price targets: Several firms (including Wedbush) have reiterated bullish targets (Wedbush $230) and some investors call the sell‑off overdone, arguing for large upside from current levels. That support can attract dip buyers. Benzinga: Wall Street Bull Sees 70% Upside
• Positive Sentiment: Technical/bounce signals: Short-term trading signals triggered intraday support and produced a modest rebound, indicating active momentum traders are buying dips. Benzinga: Trading Signal
• Neutral Sentiment: Strong fundamentals but rich expectations: Palantir reported robust revenue growth and improving margins (background Q4 strength), which underpins long-term case — but much of that is already priced in. MarketBeat: PLTR Fundamentals
• Neutral Sentiment: Analyst divergence widens volatility: While some firms keep high targets, others highlight execution/valuation risk — that split increases intraday swings and investor disagreement over fair value. Zacks: Valuation Comparison
• Negative Sentiment: High-profile bearish catalyst — Michael Burry: Burry publicly reiterated and expanded bearish bets (long‑dated puts) and wrote that Anthropic is “eating Palantir’s lunch,” which sparked a sharp, sentiment-driven sell‑off and headline volatility. CNBC: Burry Still Betting Against Palantir
• Negative Sentiment: Anthropic/AI competition fear: Launches like Anthropic’s Mythos heightened concerns that cheaper, easier-to-deploy AI models could reallocate enterprise AI spend away from Palantir’s heavier platform. That sector narrative pressured software peers too. Investopedia: Anthropic Shockwave
• Negative Sentiment: Valuation and insider selling: PLTR trades at very rich multiples vs. earnings, leaving little margin for disappointment; public disclosures show significant insider sales that some investors read as cautionary. QuiverQuant: Valuation & Insider Activity

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.