Fintel reports that on February 4, 2025, Morgan Stanley upgraded their outlook for Palantir Technologies (NasdaqGS:PLTR) from Underweight to Equal-Weight.
Analyst Price Forecast Suggests 36.52% Downside
As of January 29, 2025, the average one-year price target for Palantir Technologies is $53.15/share. The forecasts range from a low of $11.11 to a high of $94.50. The average price target represents a decrease of 36.52% from its latest reported closing price of $83.74 / share.
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The projected annual revenue for Palantir Technologies is 3,444MM, an increase of 30.14%. The projected annual non-GAAP EPS is 0.57.
What is the Fund Sentiment?
There are 2,344 funds or institutions reporting positions in Palantir Technologies. This is an increase of 582 owner(s) or 33.03% in the last quarter. Average portfolio weight of all funds dedicated to PLTR is 0.47%, an increase of 28.50%. Total shares owned by institutions increased in the last three months by 23.72% to 1,222,420K shares. 
The put/call ratio of PLTR is 0.81, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 64,513K shares representing 2.96% ownership of the company. In its prior filing, the firm reported owning 63,954K shares , representing an increase of 0.87%. The firm increased its portfolio allocation in PLTR by 39.14% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 52,445K shares representing 2.40% ownership of the company.
Geode Capital Management holds 47,947K shares representing 2.20% ownership of the company. In its prior filing, the firm reported owning 31,349K shares , representing an increase of 34.62%. The firm increased its portfolio allocation in PLTR by 106.87% over the last quarter.
VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 42,827K shares representing 1.96% ownership of the company. In its prior filing, the firm reported owning 43,084K shares , representing a decrease of 0.60%. The firm increased its portfolio allocation in PLTR by 34.29% over the last quarter.
Renaissance Technologies holds 38,419K shares representing 1.76% ownership of the company. In its prior filing, the firm reported owning 39,515K shares , representing a decrease of 2.85%. The firm increased its portfolio allocation in PLTR by 26.60% over the last quarter.
Palantir Technologies Background Information
(This description is provided by the company.)
Palantir Technologies Inc. is a software company that builds enterprise data platforms for use by organizations with complex and sensitive data environments. From building safer cars and planes, to discovering new drugs and combating terrorism, Palantir helps customers across the public, private, and non-profit sectors transform the way they use their data.
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This story originally appeared on Fintel.
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