PLTR Palantir Technologies Inc.

Price Chart

Executive Summary

Oppenheimer initiated coverage on Palantir Technologies Inc. (PLTR) at Outperform with a $200 price target, representing 27.8% upside from the current $156.54. The firm has a 52% accuracy rate on 1,809 calls and an average return of 3.6%. Consensus is heavily bullish: 26 of 38 analysts rate Buy or Strong Buy, 10 Hold, and 2 Sell. The mean target is $183.73, median $200, high $255, low $70. Oppenheimer's $200 PT sits at the median, in line with consensus. Momentum is mixed: 1 upgrade and 1 downgrade in the last 30 days. EPS revisions are strongly positive — 21 upward revisions in the last 30 days for the current quarter, 26 for the fiscal year, with zero downward revisions. Insider selling is notable: CEO Karp sold $882K on May 20, and other C-suite members sold $1.1M combined. Short interest is elevated at 46.3% of float. The next earnings date is August 3, 2026. The bottom line: a consensus-aligned initiation from an average-accuracy firm, with strong EPS momentum but heavy insider selling and high short interest creating a mixed signal.

Impact Score

Consensus & Targets

The consensus is heavily bullish: 11 Strong Buy, 15 Buy, 10 Hold, 1 Sell, 1 Strong Sell — 68% Buy/Strong Buy, 26% Hold, 5% Sell. 38 analysts cover the stock. Direction is clearly bullish but with a notable hold contingent.

Current price: $156.54. Mean target: $183.73 (implied upside 17.4%). Median: $200 (27.8% upside). High: $255 (62.9% upside). Low: $70 (55.3% downside). Oppenheimer's $200 PT is at the median, in line with consensus.

Recent Analyst Activity

In the last 30 days: 1 upgrade (Argus Research from Hold to Buy, PT $190) and 1 downgrade (HSBC from Buy to Hold, PT $151). EPS revisions are strongly positive: 21 upward revisions for the current quarter (0 down), 26 for the fiscal year (0 down). Estimates are being revised higher across all periods.

Firm Track Record — Oppenheimer

Oppenheimer accuracy: 52% on 1809 calls | avg return: 3.6%

Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.

Oppenheimer has a 52% accuracy rate on 1,809 calls with a 3.6% average return — below average among firms covering PLTR. Top-tier firms on PLTR include Wedbush (100% on 8 calls, avg return 54.7%), Loop Capital (100% on 6 calls, 35.6%), and Northland Capital Markets (100% on 3 calls, 73.2%). The worst performer is Raymond James (50% on 2 calls, 110.7% avg return — small sample).

Earnings Estimates

Next earnings: Aug 3, 2026

Cross-Platform Signals

Insider selling is heavy: CEO Karp sold $882K on May 20, CFO Cohen sold $710K, and other C-suite members sold $411K combined. This is a cluster of C-suite sales, which per the literature are weakly predictive but align with the bearish side. No congressional trades. Institutional activity is mixed: Norges Bank had a new $5.1B position but also an exit; FMR added 39.9% ($2.6B); Renaissance trimmed 36.6% ($1.6B). Short interest is extremely high at 46.3% of float, indicating significant bearish positioning. The insider selling and high short interest diverge from the bullish analyst consensus.

Documents Analyzed

Report based on filing metadata.

US Market Status