Rosenblatt Raises PLTR Price Target to $260
Key Points
- Rosenblatt increased its price target for Palantir from $225 to $260, reflecting confidence in the company's growth potential.
- Rosenblatt's $260 price target implies 30.82% upside from Palantir Technologies Inc.'s ($PLTR) current $198.75 share price.
- As of October 27, 2026, Palantir shares traded at about $198.75, which is below the new target by approximately 23.6%.
- The company is set to report its next earnings on November 2, 2026, after achieving trailing twelve-month revenue of $6.16 billion.
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On October 27, 2026, Rosenblatt raised its price target on Palantir Technologies Inc. (PLTR) from $225 to $260, while maintaining a Buy rating. This change signals Rosenblatt's positive outlook for the company as it continues to grow in the technology sector. The news comes as Palantir's shares were recently trading around $198.75, which is about 23.6% below the new target price.
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Other Institutional Activity in Palantir Technologies Inc.
In recent institutional activity, J. Safra Sarasin Holding reduced its stake in Palantir by 64,049 shares, leaving it with 85,910 shares valued at about $15.6 million. Meanwhile, Midwest Trust increased its holdings by 20,052 shares, bringing its total to 156,460 shares worth around $29.3 million. Perigon Wealth Management decreased its position by 15,865 shares, now holding 67,843 shares valued at about $12.7 million.
Palantir Technologies Inc. Stock Up 1.0%
Palantir shares closed at $198.73 on October 27, 2026, just about equal to the recent trading price of $198.75. The stock is currently trading above its 50-day moving average by approximately 7.3% and is 29.7% above its 200-day moving average. However, shares are about 6.7% below their 52-week high of $212.94, indicating some room for growth towards the new price target.
$PLTR price target
Palantir Technologies Inc. daily closes and this analyst's $260 target. Not advice.
Recent Earnings
Palantir reported trailing twelve-month revenue of approximately $6.16 billion, reflecting a year-over-year revenue growth of 92.8%. The company has a net margin of 49.0% and a return on equity of 38.1%. Its next earnings report is scheduled for November 2, 2026.
Insider Buying and Selling at Palantir Technologies Inc.
Insider trading activity includes several notable sales. On October 8, 2026, Officer Ryan Douglas Taylor sold 18,000 shares at an average price of $201.15, totaling about $3.62 million. Director Lauren Elaina Friedman Stat sold 5,026 shares at $199.00, valued at approximately $1 million. Additionally, Director Eric H. Woersching sold 1,000 shares at $205.00 for about $205,000. Director Alexander D.
Analysts Set New Price Targets
On October 27, 2026, Rosenblatt maintained its Buy rating for Palantir with a new target of $260. This follows a series of positive ratings from other firms, including Citigroup, which maintained a Buy rating with a target of $250, and Mizuho, which holds an Outperform rating with a target of $245. The average target from analysts stands at about $207.62, indicating that the stock is currently below the consensus target.
About Palantir Technologies Inc.
Palantir Technologies Inc. specializes in building software platforms for the intelligence community, assisting in counterterrorism operations in the U.S. and internationally. With a workforce of over 4,400 employees, the company continues to expand its influence in the technology and software infrastructure sectors.
Bottom Line
Investors should keep an eye on Palantir's upcoming earnings report on November 2, 2026. The recent price target increase by Rosenblatt suggests a bullish outlook, but the stock's current price is still significantly below this target. As the market evaluates these developments, further analyst ratings and insider activities will be crucial to watch.
Related Filing Alerts
Source: Rosenblatt's rating change on $PLTR (Oct 27, 2026). Written by software, not financial advice. How we make alerts