Palantir Technologies (NASDAQ:PLTR) Trading Up 7% – Should You Buy?

Palantir Technologies Inc. (NASDAQ:PLTR)’s share price was up 7% during trading on Monday . The company traded as high as $132.41 and last traded at $131.53. Approximately 36,417,127 shares traded hands during trading, a decline of 21% from the average session volume of 46,170,758 shares. The stock had previously closed at $122.92.

Palantir Technologies News Summary

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

• Positive Sentiment: Oppenheimer reiterated an Outperform rating and a $200 price target, expecting a strong quarterly beat and another increase to Palantir’s outlook. Some analysts anticipate roughly 85% year-over-year revenue growth, supported by strong U.S. government demand. Palantir Seen Crushing Q2 Estimates and Raising 2026 Outlook
• Positive Sentiment: Palantir’s Artificial Intelligence Platform continues to gain adoption among government and commercial customers, including the U.S. Navy and GE Aerospace. Its expanding “sovereign AI” strategy could support demand from governments seeking greater control over data and AI infrastructure. Can PLTR Stock Live Up To Its Multiple?
• Neutral Sentiment: The Aug. 3 earnings report is likely to produce a large move because expectations are unusually high. Leveraged single-stock ETFs tied to Palantir may see heightened volatility around the release. Palantir Earnings Could Jolt This ETF
• Neutral Sentiment: Technical indicators had recently turned more constructive after PLTR reclaimed its 20-day and 50-day moving averages, but the stock’s subsequent weak price action has undermined that near-term signal. Palantir Reclaimed the 50-Day Moving Average
• Negative Sentiment: Profit-taking has intensified ahead of earnings, while investors worry that commercial bookings may not justify the company’s growth premium. Palantir trades at a very high earnings multiple, leaving little room for a miss or cautious guidance.
• Negative Sentiment: France’s reported shift toward domestic provider ChapsVision for national-security and intelligence work raises concerns about Palantir’s European government opportunity and broader digital-sovereignty risks. Palantir Faces a French Exit

Analysts Set New Price Targets

A number of equities analysts have issued reports on PLTR shares. President Capital upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $25.50 to $133.00 in a report on Monday, June 29th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $138.00 price target on shares of Palantir Technologies in a research note on Friday, May 22nd. Argus raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Wednesday, May 6th. BTIG Research cut shares of Palantir Technologies to a “neutral” rating in a report on Tuesday, June 16th. Finally, Benchmark downgraded shares of Palantir Technologies to a “hold” rating in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $189.88.

Palantir Technologies Trading Down 0.3%

The firm has a market cap of $295.33 billion, a P/E ratio of 139.76, a PEG ratio of 2.10 and a beta of 1.56. The business’s fifty day simple moving average is $131.24 and its 200-day simple moving average is $141.58.

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

Insiders Place Their Bets

In other news, insider Jeffrey Buckley sold 1,481 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $128.80, for a total transaction of $190,752.80. Following the transaction, the insider owned 60,226 shares in the company, valued at $7,757,108.80. This represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 397,744 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at approximately $875,044,378.32. This represents a 5.82% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 1,112,270 shares of company stock valued at $150,247,785. 9.53% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Palantir Technologies

A number of large investors have recently bought and sold shares of PLTR. Milestone Asset Management LLC raised its position in shares of Palantir Technologies by 229.5% in the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock valued at $10,763,000 after acquiring an additional 42,173 shares during the period. VCI Wealth Management LLC grew its holdings 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 period. PFA Pension Forsikringsaktieselskab bought a new stake in Palantir Technologies in the fourth quarter valued at approximately $222,143,000. Vanguard Group Inc. raised its holdings in Palantir Technologies by 0.7% in the fourth 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 period. Finally, Jefferson Bridge Capital LLC acquired a new stake in Palantir Technologies in the fourth quarter worth $1,322,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

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.