Palantir Technologies (NASDAQ:PLTR) Trading 1% Higher – Should You Buy?

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) rose 1% during mid-day trading on Wednesday . The company traded as high as $174.77 and last traded at $174.34. 20,077,260 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 44,655,480 shares. The stock had previously closed at $172.56.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Bullish analyst targets and AI growth case: Jim Cramer, UBS and D.A. Davidson cited a $250 price target, well above the roughly $176 trading level in the provided market data. Wedbush’s Daniel Ives also renewed his long-term case for a potential $1 trillion valuation, arguing that Palantir’s growth could justify continued multiple expansion. Mad Money Jim Cramer Sees 40% Upside for Palantir Stock
• Positive Sentiment: Strong operating momentum: A bullish analysis highlighted that Palantir’s revenue is growing substantially faster than its workforce, while existing customers generated about 82% of the year-over-year increase in commercial revenue during the second quarter. That suggests rising customer spending and operating leverage rather than growth dependent solely on new accounts. Bull Case for Palantir
• Positive Sentiment: Expanding AI ecosystem: Partnerships involving NVIDIA, Nebius and Method Security, along with Palantir’s role in government AI modernization, are reinforcing its position as an enterprise and sovereign-AI software provider. The Nebius arrangement also supports CEO Alex Karp’s asset-light strategy, with a partner owning infrastructure while Palantir supplies software. Palantir Just Told Wall Street Where AI Infrastructure Is Headed
• Neutral Sentiment: AI policy debate: Karp argued that AI developers should face civil and criminal liability for harmful outcomes and suggested some frontier AI companies may ultimately require nationalization to cap liability. The comments enhance Palantir’s policy visibility but could also draw political and regulatory scrutiny. AI Needs Reasonable Guidelines, Karp Tells CNBC
• Negative Sentiment: Valuation and bearish positioning remain risks: Palantir trades at a very demanding earnings multiple, and Michael Burry reportedly disclosed put options against the company. Analysts also caution that partnerships may not immediately resolve the stock’s valuation problem, leaving PLTR vulnerable to profit-taking if growth slows or expectations fall. Michael Burry’s Palantir Put Options

Analyst Upgrades and Downgrades

PLTR has been the topic of several recent research reports. Roth Capital started coverage on Palantir Technologies in a research report on Tuesday, August 4th. They issued a “buy” rating on the stock. President Capital raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $25.50 to $133.00 in a research report on Monday, June 29th. BTIG Research cut shares of Palantir Technologies to a “neutral” rating in a research note on Tuesday, June 16th. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $90.00 price objective on shares of Palantir Technologies in a research report on Friday, July 31st. Finally, Northland Securities set a $200.00 price target on Palantir Technologies in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.33.

Palantir Technologies Trading Up 1.1%

The firm has a market cap of $423.51 billion, a PE ratio of 150.63, a P/E/G ratio of 2.47 and a beta of 1.62. The stock’s 50 day moving average price is $158.19 and its 200 day moving average price is $146.02.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was up 92.8% compared to the same quarter last year. Analysts forecast that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,250 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $174.29, for a total transaction of $217,862.50. Following the transaction, the insider directly owned 56,921 shares in the company, valued at $9,920,761.09. This represents a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Friedman Stat sold 1,342 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $182.50, for a total transaction of $244,915.00. Following the transaction, the director directly owned 52,765 shares in the company, valued at $9,629,612.50. The trade was a 2.48% 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 sold a total of 720,027 shares of company stock valued at $116,879,340 in the last three months. 9.53% of the stock is owned by insiders.

Institutional Trading of Palantir Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in shares of Palantir Technologies by 0.4% in the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after buying an additional 757,322 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Palantir Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock worth $9,599,882,000 after acquiring an additional 805,047 shares during the last quarter. Norges Bank acquired a new position in shares of Palantir Technologies during the 4th quarter worth approximately $5,149,641,000. Invesco Ltd. raised its stake in Palantir Technologies by 2.8% in the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock valued at $3,984,281,000 after acquiring an additional 616,297 shares during the period. Finally, Bank of America Corp DE raised its stake in Palantir Technologies by 1.0% in the 2nd quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock valued at $2,219,094,000 after acquiring an additional 180,486 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

About Palantir Technologies

Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.

The company’s principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.