Palantir Technologies (NASDAQ:PLTR) Price Target Cut to $200.00 by Analysts at Citigroup

Palantir Technologies (NASDAQ:PLTR) had its target price trimmed by Citigroup from $225.00 to $200.00 in a report released on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. Oppenheimer assumed coverage on Palantir Technologies in a research report on Thursday, April 30th. They set an “outperform” rating and a $200.00 price objective for the company. Wedbush began coverage on shares of Palantir Technologies in a research report on Tuesday, June 16th. They set an “outperform” rating for the company. President Capital raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and increased their target price for the company from $25.50 to $133.00 in a research report on Monday, June 29th. Phillip Securities upped their price objective on shares of Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Finally, Weiss Ratings downgraded shares of Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $189.88.

Palantir Technologies Trading Down 0.4%

NASDAQ PLTR opened at $122.92 on Friday. The stock has a market cap of $294.68 billion, a PE ratio of 138.11, a P/E/G ratio of 1.97 and a beta of 1.56. The stock has a fifty day simple moving average of $131.55 and a 200-day simple moving average of $142.55. Palantir Technologies has a twelve month low of $106.37 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the business earned $0.13 earnings per share. The business’s revenue for the quarter was up 84.7% on a year-over-year basis. Research analysts predict that Palantir Technologies will post 1.17 EPS for the current year.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 319,934 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the completion of the sale, the insider owned 592 shares in the company, valued at approximately $80,535.68. The trade was a 99.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Elaina Friedman Stat sold 1,598 shares of Palantir Technologies stock in a transaction on Monday, June 1st. The shares were sold at an average price of $160.00, for a total transaction of $255,680.00. Following the transaction, the director owned 55,022 shares in the company, valued at $8,803,520. The trade was a 2.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,112,270 shares of company stock valued at $150,247,785 in the last 90 days. 9.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PLTR. Milestone Asset Management LLC boosted its position in Palantir Technologies by 229.5% during the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock worth $10,763,000 after acquiring an additional 42,173 shares during the period. VCI Wealth Management LLC boosted its position in Palantir Technologies by 42.3% during the fourth quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock valued at $2,166,000 after purchasing an additional 3,621 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in Palantir Technologies during the fourth quarter valued at $222,143,000. Vanguard Group Inc. increased its position in Palantir Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after purchasing an additional 1,557,828 shares during the last quarter. Finally, Jefferson Bridge Capital LLC acquired a new position in Palantir Technologies in the 4th quarter worth about $1,322,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: Citi lowered its price target on Palantir to $200 from $225 but kept a Buy rating, signaling continued confidence in the company’s long-term upside and pointing to expected commercial growth rebound. Benzinga article
• Positive Sentiment: Multiple analyst write-ups highlighted Palantir’s strong growth profile, with Wall Street price-target averages implying meaningful upside and recent earnings estimate revisions moving higher. Zacks article
• Positive Sentiment: Palantir and other major tech firms defended open AI models in Washington, which could help avoid new restrictions that might slow AI adoption and enterprise spending. Financial Times article
• Neutral Sentiment: Several stories ahead of the Aug. 3 earnings report focused on Palantir’s business model, investor base, and CEO Alex Karp’s bullish comments on AI, but these were largely commentary rather than new company-specific catalysts. TipRanks article
• Neutral Sentiment: Other coverage noted that Palantir remains a high-growth AI name with strong free cash flow, but also emphasized that the stock has already fallen sharply in 2026 and is being judged against a demanding valuation. MarketBeat article
• Negative Sentiment: Investors appear cautious ahead of earnings, with headlines saying Palantir is tumbling before the report and that concerns over valuation, competition from open-source AI, and broader AI stock weakness are weighing on sentiment. Yahoo Finance article

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.