Benchmark Initiates Coverage on Palantir Technologies (NASDAQ:PLTR)

2026-04-01 11:10:43 ET

Equities research analysts at Benchmark started coverage on shares of Palantir Technologies ( NASDAQ:PLTR – Get Free Report ) in a note issued to investors on Wednesday, MarketScreener reports. The firm set a “hold” rating on the stock.

A number of other brokerages have also commented on PLTR. Wedbush reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Palantir Technologies in a research note on Monday, March 16th. Rosenblatt Securities restated a “buy” rating and issued a $200.00 price objective on shares of Palantir Technologies in a report on Wednesday, March 25th. Phillip Securities decreased their price target on shares of Palantir Technologies from $208.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday. Truist Financial began coverage on shares of Palantir Technologies in a report on Tuesday, January 6th. They issued a “buy” rating and a $223.00 price objective for the company. Finally, Cantor Fitzgerald reiterated a “neutral” rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $197.77.

Check Out Our Latest Analysis on PLTR

Palantir Technologies Stock Up 0.7%

Shares of NASDAQ:PLTR traded up $0.98 during midday trading on Wednesday, hitting $147.26. 11,397,551 shares of the stock traded hands, compared to its average volume of 49,377,254. The business’s 50 day moving average is $146.95 and its two-hundred day moving average is $168.18. The stock has a market capitalization of $352.21 billion, a PE ratio of 233.62, a P/E/G ratio of 2.73 and a beta of 1.70. Palantir Technologies has a one year low of $66.12 and a one year high of $207.52.

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

Insider Activity

In other Palantir Technologies news, insider David A. Glazer sold 17,438 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the transaction, the insider directly owned 392,370 shares in the company, valued at approximately $52,467,716.40. This represents a 4.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Also, insider Jeffrey Buckley sold 1,232 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $129.08, for a total transaction of $159,026.56. Following the completion of the transaction, the insider directly owned 43,108 shares in the company, valued at $5,564,380.64. This trade represents a 2.78% decrease in their position. The disclosure for this sale is available in the SEC filing . In the last three months, insiders sold 1,045,279 shares of company stock worth $140,539,043. Corporate insiders own 12.93% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $5,149,641,000. Vanguard Group Inc. lifted its holdings in Palantir Technologies by 4.0% during the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock worth $39,017,133,000 after acquiring an additional 8,168,604 shares in the last quarter. State Street Corp lifted its holdings in Palantir Technologies by 7.2% during the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after acquiring an additional 6,777,771 shares in the last quarter. Cardano Risk Management B.V. grew its stake in Palantir Technologies by 917.4% in the fourth quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock valued at $1,170,596,000 after acquiring an additional 5,938,343 shares during the period. Finally, Corient Private Wealth LLC increased its holdings in shares of Palantir Technologies by 1,449.7% in the fourth quarter. Corient Private Wealth LLC now owns 5,272,601 shares of the company’s stock worth $937,205,000 after acquiring an additional 4,932,364 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Stellantis renewed and expanded a multi?year agreement to deploy Palantir Foundry and its AI Platform across broader manufacturing and operations — a sizable commercial customer win that supports recurring revenue and AIP adoption. Why Is Palantir Technologies (PLTR) Stock Rocketing Higher Today
• Positive Sentiment: The expanded Stellantis relationship was also covered as a five?year extension through 2031, underlining material commercial traction outside government. This helps validate Palantir’s move into industrial/automotive AI use cases. Stellantis Balances Mexico Production Risk With Expanded Palantir AI Partnership
• Positive Sentiment: The U.S. Department of Defense designated Palantir’s Maven Smart System as a formal program of record — a strategic defense milestone that implies multi?year procurement, deeper government lock?in, and revenue visibility. Does Palantir’s Massive Military AI Score Justify Buying the Stock at These Prices?
• Positive Sentiment: Mizuho and other bullish analyst commentary (Outperform ratings, higher targets) reinforce the growth narrative and give buyers cover amid the rally. Palantir (PLTR) Rated Outperform on Strong Enterprise Demand
• Neutral Sentiment: Wall Street and finance sites published mixed 2026 price targets driven by different assumptions about AIP adoption and margins — consensus is not uniform, leaving upside estimates dispersed. Finance experts predict Palantir’s stock price for end of 2026
• Neutral Sentiment: Coverage comparing Palantir to peers (Oracle, Snowflake) and sector rotation commentary highlights both opportunity and competition in enterprise AI — useful context but not an immediate price driver. Better Artificial Intelligence Stock: Palantir vs. Oracle
• Negative Sentiment: Valuation scrutiny intensified after a report flagged an extremely high price/sales reading — reminders that PLTR trades at a premium and is vulnerable to momentum reversals if growth or margin execution slips. Palantir (PLTR) Traded at 100+ Price/Sales Ratio
• Negative Sentiment: High?profile skepticism and short interest (noted by commentators like Michael Burry) keep downside risk visible; several pieces also note PLTR remains well below its recent highs and could be volatile if expectations slip. Michael Burry Says ‘Shorts Are Not Forever’ As Palantir, Nvidia Stocks Wrap A Rough Quarter

About Palantir Technologies

( 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.

Palantir’s product portfolio centers on a small number of core platforms.

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