Palantir Technologies’ (PLTR) “Outperform” Rating Reaffirmed at Wedbush

05 May 2026, 13:24 by Renee Jackson · The Cerbat Gem

Palantir Technologies (NASDAQ:PLTR – Get Free Report)‘s stock had its “outperform” rating reissued by stock analysts at Wedbush in a research report issued on Tuesday,Benzinga reports. They presently have a $230.00 target price on the stock. Wedbush’s target price suggests a potential upside of 67.31% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $200.00 price objective on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Robert W. Baird upgraded Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price objective on the stock in a research note on Tuesday, February 3rd. Loop Capital reduced their price objective on Palantir Technologies from $230.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Phillip Securities reduced their price objective on Palantir Technologies from $208.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Finally, Daiwa Securities Group upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.58.

Get Our Latest Stock Report on PLTR

Palantir Technologies Price Performance

PLTR stock traded down $8.56 during trading on Tuesday, reaching $137.47. 31,881,017 shares of the stock traded hands, compared to its average volume of 49,132,203. The business’s 50 day moving average price is $145.27 and its 200-day moving average price is $162.50. Palantir Technologies has a 52-week low of $105.32 and a 52-week high of $207.52. The firm has a market capitalization of $328.79 billion, a PE ratio of 217.67, a P/E/G ratio of 2.69 and a beta of 1.52.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the business earned $0.13 earnings per share. The firm’s quarterly revenue was up 84.7% compared to the same quarter last year. On average, equities research analysts predict that Palantir Technologies will post 1.05 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Stephen Andrew Cohen sold 327,088 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $43,738,207.36. Following the transaction, the insider owned 592 shares in the company, valued at approximately $79,162.24. The trade was a 99.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 19,988 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $2,672,795.36. Following the completion of the transaction, the insider owned 219,421 shares in the company, valued at approximately $29,340,976.12. This trade represents a 8.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,029,479 shares of company stock valued at $137,685,797. Insiders own 9.53% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted 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. State Street Corp raised its position in shares of Palantir Technologies by 1.1% during the 4th quarter. State Street Corp now owns 102,385,317 shares of the company’s stock worth $18,198,990,000 after purchasing an additional 1,126,418 shares during the period. Geode Capital Management LLC raised its position 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 purchasing an additional 805,047 shares during the period. Norges Bank acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $5,149,641,000. Finally, Invesco Ltd. raised its position in shares of Palantir Technologies by 2.8% during the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock worth $3,984,281,000 after purchasing an additional 616,297 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

More Palantir Technologies News

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

Positive Sentiment: Q1 beat and guidance raise — Palantir posted $1.63B in Q1 revenue (+85% Y/Y) and beat EPS forecasts, then lifted FY revenue guidance, which supports higher valuation and upside for enterprise and government contracts. Palantir Reports Q1 2026 U.S. Revenue Growth…
Positive Sentiment: Fastest growth and margin expansion — Analysts and press note Palantir’s fastest revenue growth since IPO and a record Rule‑of‑40 score, signaling durable AI-driven demand and improving operating leverage. Palantir Hits Fastest Growth Ever As Public Company
Positive Sentiment: Stronger U.S. government and commercial traction — Reports highlight doubled U.S. revenue and outsized U.S. commercial acceleration, which underpin the guidance raise and cash‑flow strength. Palantir tops first-quarter revenue estimates…
Neutral Sentiment: Wall Street remains split — Some analysts upgraded or reiterated bullish stances, others caution on valuation; options traders priced in a big post‑earnings move. That mix is keeping volatility elevated but not consensus direction. Top Analysts Remain Split on Palantir Stock…
Neutral Sentiment: Management priorities could shift mix — CEO Alex Karp said Palantir will prioritize U.S. national‑security customers over some commercial work, which secures high‑margin govt revenue but may constrain near‑term commercial uptake. Palantir’s Alex Karp Says PLTR Prioritizes US Warfighters…
Negative Sentiment: Analyst downgrades and price‑target cuts — Some firms trimmed targets or moved to neutral following the release, signaling caution that rich multiples leave limited margin for disappointment. DA Davidson Lowers Price Target
Negative Sentiment: High‑profile short and seller activity — Michael Burry disclosed an outright short on Palantir and media highlighted heavy insider selling over recent months; both increase headline risk and can pressure the stock despite strong results. Michael Burry Confirms Short on Palantir
Negative Sentiment: Some calls to “sell” post‑earnings — A few commentators and analysts warned of profit‑taking despite the beat, contributing to after‑hours weakness in parts of the market. Wall Street Analyst Warns to Sell After Earnings

Palantir Technologies Company Profile

(Get Free Report)

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.