Palantir Technologies Inc. (PLTR) Stock Price & Analysis

Palantir Technologies Inc. (PLTR) closed at USD 196.19 on Thursday, October 22, 2026, down 2.74% on the day. The US market is currently closed (pre-market); this is not a live price.

The prior close was USD 201.72; the Oct 22, 2026 session ranged USD 194.54–202.63 on volume of 22,880,756 shares. Market capitalization is $471.46B, with a 52-week range of USD 106.37–212.94 (NMS). Source: Nexqual, retrieved October 23, 2026 at 11:23 UTC.

Also available as compact Markdown for AI agents: nexqual.com/PLTR.md

Key facts (PLTR)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PLTR)

USDFY2021FY2022FY2023FY2024FY2025TTM
Revenue$1.54B$1.91B$2.23B$2.87B$4.48B$6.16B
Gross profit$1.20B$1.50B$1.79B$2.30B$3.69B—
Operating income-$411M-$161M$120M$310M$1.41B$2.63B
Net income-$520M-$374M$210M$462M$1.63B$3.02B
EPS (diluted)-$0.27-$0.18$0.09$0.19$0.63—
Free cash flow$321M$184M$697M$1.14B$2.10B$3.36B
Gross margin78.0%78.6%80.6%80.2%82.4%—
Operating margin-26.7%-8.5%5.4%10.8%31.6%42.8%
Net margin-33.7%-19.6%9.4%16.1%36.3%49.0%
Revenue growth+41.1%+23.6%+16.7%+28.8%+56.2%—
Cash + short-term investments$2.52B$2.63B$3.67B$5.23B$7.18B—
Total debt$0K—————

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (PLTR)

P/E 156.3x · P/S 76.6x · P/FCF 140.4x · P/B 48.2x · FCF yield 0.71% · Earnings yield 0.64%

P/E at fiscal year-ends: Dec 2025 280.6x, Dec 2024 401.0x, Dec 2023 188.0x.

Superinvestors (SEC 13F-HR, Q2 2026) (PLTR)

2 of 80 tracked investors hold PLTR (1 investor on Q3 2026, filed early). Each row is the investor's latest 13F; change is vs their prior-quarter share count.

InvestorFirm% of portfolioValueChangeQuarter
Duan YongpingH&H International Investment0.04%$7.0MUnchangedQ2 2026
David KatzMatrix Asset Advisors0.03%$330KReduced -14.5%Q3 2026

Insider sales (SEC Form 4, open-market, last ~7 months) (PLTR)

20 of 25 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

Trade dateInsiderRoleSharesValue% of holdings sold10b5-1 planInsider type
2026-10-15Moore Alexander D.Director16,000$3.2M1.5%YesRoutine (sold in Mar & Apr & May & Jun & Jul & Aug & Sep & Oct & Nov & Dec each year 2023–2025)
2026-10-09Woersching Eric H.Director1,000$205K22.4%YesOpportunistic (traded every year 2023–2025, no repeating month)
2026-10-08Stat Lauren Elaina FriedmanDirector5,026$1.0M4.9%YesRoutine (sold in Jan & Sep each year 2023–2025; this trade is outside those months)
2026-10-08Taylor Ryan D.See Remarks18,000$3.6M6.2%YesRoutine (sold in May & Aug & Nov each year 2023–2025; this trade is outside those months)
2026-10-01Stat Lauren Elaina FriedmanDirector1,337$254K1.3%YesRoutine (sold in Jan & Sep each year 2023–2025; this trade is outside those months)
2026-09-15Moore Alexander D.Director16,000$2.8M1.5%YesRoutine (sold in Mar & Apr & May & Jun & Jul & Aug & Sep & Oct & Nov & Dec each year 2023–2025)
2026-09-01Stat Lauren Elaina FriedmanDirector1,342$245K1.3%YesRoutine (sold in Jan & Sep each year 2023–2025)
2026-08-20…2026-08-21Buckley JeffreySee Remarks3,305$577K5.5%YesToo little history (no open-market trades in 2024)
2026-08-20Karp Alexander C.See Remarks492,348$86.1M7.1%YesRoutine (sold in Feb & May & Aug & Nov each year 2023–2025)
2026-08-17Moore Alexander D.Director16,000$2.8M1.5%YesRoutine (sold in Mar & Apr & May & Jun & Jul & Aug & Sep & Oct & Nov & Dec each year 2023–2025)
2026-08-06Sankar ShyamSee Remarks35,000$5.4M2.7%YesRoutine (sold in Feb & May & Aug & Nov each year 2023–2025)
2026-08-05Stat Lauren Elaina FriedmanDirector3,032$500K2.8%YesRoutine (sold in Jan & Sep each year 2023–2025; this trade is outside those months)
2026-07-15Moore Alexander D.Director16,000$2.1M1.4%YesRoutine (sold in Mar & Apr & May & Jun & Jul & Aug & Sep & Oct & Nov & Dec each year 2023–2025)
2026-07-02Sankar ShyamSee Remarks185,000$24.1M13%YesRoutine (sold in Feb & May & Aug & Nov each year 2023–2025; this trade is outside those months)
2026-06-15Moore Alexander D.Director16,000$2.1M1.4%YesRoutine (sold in Mar & Apr & May & Jun & Jul & Aug & Sep & Oct & Nov & Dec each year 2023–2025)
2026-06-11Buckley JeffreySee Remarks1,481$191K2.4%YesToo little history (no open-market trades in 2024)
2026-05-29…2026-06-01Stat Lauren Elaina FriedmanDirector3,265$506K3%YesRoutine (sold in Jan & Sep each year 2023–2025; this trade is outside those months)
2026-05-20…2026-05-22Buckley JeffreySee Remarks2,542$347K4%YesToo little history (no open-market trades in 2024)
2026-05-20Glazer David A.See Remarks17,128$2.3M4.4%NoRoutine (sold in May & Aug & Nov each year 2023–2025)
2026-05-20Taylor Ryan D.See Remarks19,662$2.7M9%NoRoutine (sold in May & Aug & Nov each year 2023–2025)

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (PLTR)

Consensus Buy (mean 2.45 on a 1–5 scale), 31 analysts; mean target USD 206.62 (low 80, high 265).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-22CitigroupTarget raisedBuy$245 → $250
2026-10-15MizuhoTarget raisedOutperform$215 → $245
2026-10-09BarclaysInitiatedOverweight$265
2026-10-08Goldman SachsUpgradeNeutral → Buy$230
2026-09-23RosenblattMaintainedBuy$225
2026-09-15UBSTarget raisedBuy$220 → $250
2026-09-11DA DavidsonTarget raisedBuy$200 → $250
2026-09-11RosenblattMaintainedBuy$225
2026-08-04UBSTarget raisedBuy$200 → $220
2026-08-04MizuhoTarget raisedOutperform$185 → $215
2026-08-04CitigroupTarget raisedBuy$200 → $245
2026-08-04DA DavidsonTarget raisedBuy$175 → $200

Total return (dividends reinvested) (PLTR)

1Y (from 2025-10-23)5Y (from 2021-10-18)
Total return+8.7%+703.1%
S&P 500 (SPY)+14.9%+80.3%
Per year+8.7%+51.5%
Volatility (annualized)59.4%65.9%
Max drawdown-48.2% (Nov 2025→Jun 2026)-75.8% (Nov 2021→Dec 2022)

PLTR revenue by business segment (quarter ended Jun 30, 2026)

LineRevenueShare of totalYoY
Government$990.0M51.2%+79.0%
Commercial$945.4M48.8%+109.8%
Total revenue$1.94B100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

PLTR suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
SupplierAmazon (AMZN)“We depend on computing infrastructure operated by Amazon Web Services ("AWS"), Microsoft, and other third parties to support some of our customers and any errors, disruption, performance problems, or failure in their or our operational infrastructure could adversely affect our business, financial condition, and results of operations.”
SupplierMicrosoft (MSFT)“We depend on computing infrastructure operated by Amazon Web Services ("AWS"), Microsoft, and other third parties to support some of our customers and any errors, disruption, performance problems, or failure in their or our operational infrastructure could adversely affect our business, financial condition, and results of operations.”
SupplierFujitsu“For example, we, through Palantir Technologies Japan KK, entered into a strategic global partnership with Fujitsu Limited through which the parties will incorporate the capabilities of Foundry and AIP as a key element in the data infrastructure for Fujitsu Uvance, a portfolio of global solutions that address business challenges and solve societal issues.”
CustomerFurther“Further, if we are not able to recruit, hire, or retain the talent we need because of increased regulation of immigration or work visas, including limitations placed on the number of visas granted, changes to application processes or fees, limitations on the type of work performed or location in which the work can be performed, and new or higher minimum salary requirements, it could be more difficult to staff our …”

Quoted from the company's 10-K filed Feb 17, 2026.

Companies that name PLTR in their SEC reports

Relationship to PLTRCompanyFilingSentence
customerCelularity Inc (CELU)10-K Apr 30, 2026“years for access to Palantir's Foundry platform”
competitorVeritone, Inc. (VERI)10-K Apr 15, 2026“The market for AI-enabled solutions is rapidly evolving and highly competitive, and we face competition from various sources, including large, well-capitalized technology companies such as Google, Microsoft, Amazon, Axon and Palantir, and in some cases smaller companies specializing in the management of content and digital data.”
partnerAIRO Group Holdings, Inc. (AIRO)10-K Mar 31, 2026“For example, our Sky-Watch brand has critical partnerships with companies such as Palantir and Helsing that have”
partnerOndas Inc. (ONDS)10-K Mar 30, 2026“entered a strategic partnership between Palantir, the Company and World View.”
competitorCognyte Software Ltd. (CGNT)20-F Mar 25, 2026“Our global and regional large security competitors include, among others, BAE, Cleartrail, DataWalk, Elbit, L3/Harris, Palantir, Rohde Schwarz and Thales.”
competitorELBIT SYSTEMS LTD (ESLT)20-F Mar 17, 2026“We compete with companies that are active in the deep-tech / defense-tech field, such as Anduril Industries, Palantir Technologies, Shield AI, Helsing, Kela AI Systems and Ondas.”
partnerStagwell Inc (STGW)10-K Mar 13, 2026“We have made investments to develop new marketing services products and technologies, including The Machine, our Palantir partnership, products at The Marketing Cloud and other marketing data, campaign MarTech, AR and VR applications,”
partnerSURF AIR MOBILITY INC. (SRFM)10-K Mar 12, 2026“Depth: we have deep – and unique – ties across the industry with exclusive relationships with Textron Aviation, manufacturer of the Cessna Caravan aircraft that we operate, and with Palantir Technologies a global leader in AI, enterprise data analytics, and business intelligence with whom we are collaborating to power the SurfOS operating system.”
partnerVoyager Technologies, Inc./TX (VOYG)10-K Mar 10, 2026“We intend to operate Starlab through Starlab Space LLC ("Starlab JV"), a Voyager-led and majority-owned global joint venture, with international equity partners that include Airbus, Mitsubishi, MDA Space, Space Applications Services and Palantir.”
partnerRackspace Technology, Inc. (RXT)10-K Mar 6, 2026“•engaging in strategic partnerships, such as Palantir Technologies to advance our AI offerings.”
competitorPC CONNECTION INC (CNXN)10-K Feb 24, 2026“As we continue to expand and mature our AI services, we compete with other companies that develop and deliver on bespoke AI projects, such as Palantir and Scale.ai.”
competitorRimini Street, Inc. (RMNI)10-K Feb 19, 2026“We believe our primary competitors for our Rimini Agentic UX solutions are Oracle and SAP, as well as global systems integrators such as Accenture, IBM, Wipro, Capgemini and DXC, agentic AI platform providers such as Palantir and”
partnerLEAR CORP (LEA)10-K Feb 13, 2026“We are leveraging our internal capabilities through strategic partnerships (e.g., Palantir Technologies, Inc. ("Palantir")) and acquisitions to rapidly develop and deploy automation and AI solutions.”
partnerL3HARRIS TECHNOLOGIES, INC. /DE/ (LHX)10-K Feb 12, 2026“We also collaborate with innovative partners, such as our strategic partnerships with Palantir Technologies, Shield Capital, Anduril and Amazon Kuiper to develop new capabilities to meet the demands of our customers.”

PLTR company outlook (results filed Aug 3, 2026)

Quoted word-for-word from the SEC 8-K results press release.

PLTR analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$0.41$0.37+10.3%$2.18B24
Next quarter (ends Dec 2026)$0.46$0.42+10.1%$2.46B24
Current fiscal year (ends Dec 2026)$1.62$1.48+9.7%$8.22B29
Next fiscal year (ends Dec 2027)$2.35$2.09+12.2%$12.33B29

PLTR options: expected move

Options price a move of about ±12.9% (±$25.23) by Nov 6, 2026, which includes earnings on Nov 2, 2026; the earnings reaction alone is priced at about ±9.7%. Over the last 8 reports the stock moved ±15.4% on average.

ExpirationDaysATM implied volatilityExpected move
Oct 30, 2026752.6%±6.3%
Nov 6, 20261479.4%±12.9%
Nov 13, 20262171.0%±14.0%
Nov 20, 20262866.1%±14.9%
Nov 27, 20263562.1%±15.6%
Dec 4, 20264260.2%±16.6%
Dec 18, 20265657.8%±18.3%
Jan 15, 20278454.9%±21.2%

30-day implied volatility 64.7% vs 40.6% realized over the last 30 trading days. Put/call ratio (volume) 0.97. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 23, 2026 at 11:23 UTC)

PriceUSD 196.19
Change▼ 2.74% (down)
Previous CloseUSD 201.72
OpenUSD 200.98
Day RangeUSD 194.54 – 202.63
52-Week RangeUSD 106.37 – 212.94
Volume22,880,756 shares
Market Cap$471.46B
ExchangeNMS

Technical Analysis (PLTR)

Nexqual's technical model rates PLTR "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 23, 2026 at 11:23 UTC.

Overall SignalSTRONG BUY
RSI (14)54.34 (neutral)
vs SMA50Above (USD 184.4)
MACD4.54 (positive)

Analyst Ratings (PLTR)

Wall Street analysts rate PLTR "Buy" based on 31 analysts, with a mean price target of USD 206.62 (range USD 80–265), per Nexqual as of October 23, 2026 at 11:23 UTC.

Consensus RatingBuy
Analyst Count31
Mean TargetUSD 206.62
High TargetUSD 265
Low TargetUSD 80
Buy / Hold / Sell20 / 8 / 3

Earnings (PLTR)

Next Earnings Date2026-11-02
EPS EstimateUSD 0.41
Revenue Estimate$2.18B

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD 0.41 vs est 0.35 ▲ beat
2026-03-31USD 0.33 vs est 0.28 ▲ beat
2025-12-31USD 0.25 vs est 0.23 ▲ beat
2025-09-30USD 0.21 vs est 0.17 ▲ beat

Source: Nexqual, October 23, 2026 at 11:23 UTC.

Financials & Fundamentals (PLTR)

Total Revenue$6.16B
Revenue Growth (latest quarter, YoY)+92.80%
Gross Margin+84.80%
Operating Margin+47.12%
Profit Margin+49.01%
ROE+38.10%
Debt / Equity0.02
Current Ratio7.23
Total Cash$9.41B
Total Debt$211.40M
Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K)$3.36B (54.6% of revenue)

Source: Nexqual, October 23, 2026 at 11:23 UTC.

Financial Health Score (PLTR)

Nexqual rates Palantir Technologies Inc.'s overall financial health "Strong" across five dimensions, as of October 23, 2026 at 11:23 UTC.

GrowthStrong — Revenue +56% YoY (annual)
ProfitabilityStrong — Gross margin 85%, operating 47% (last 12 months)
Balance SheetStrong — $9.41B cash vs $211M debt, net cash position
Cash FlowStrong — FCF $3.36B (last 4 quarters to Jun 2026, SEC), 55% margin
EfficiencyStrong — ROE 38%, ROA 17.3%

Ownership (PLTR)

Insider Ownership+3.46%
Institutional Ownership+64.63%
Shares Outstanding2.30B
Float2.11B
Short % of Float+2.59%

Source: Nexqual, October 23, 2026 at 11:23 UTC.

Leadership (PLTR)

Palantir Technologies Inc. is led by Alexander C. Karp, Co-Founder, CEO & Director, per Nexqual as of October 23, 2026 at 11:23 UTC.

Co-Founder, CEO & DirectorAlexander C. Karp
Co-Founder, President, Secretary & DirectorStephen Andrew Cohen
CFO & TreasurerDavid A. Glazer
CTO & Executive VPShyam Sankar
Chief Revenue Officer & Chief Legal OfficerRyan D. Taylor

Major Backers & Investors (PLTR)

Notable institutional backers of Palantir Technologies Inc. include Invesco, Morgan Stanley, NORGES BANK, according to Nexqual as of October 23, 2026 at 11:23 UTC.

Active Investors

InvestorStake
Invesco3.23%
Morgan Stanley1.56%
NORGES BANK1.43%
Fidelity1.37%
JPMorgan1.35%
Goldman Sachs1.04%

Index Funds (Passive)

FundStake
Vanguard Group9.01%
BlackRock8.7%
State Street4.79%
Geode Capital2.54%

Source: Nexqual, October 23, 2026 at 11:23 UTC.

From Palantir Technologies Inc.'s Latest SEC 10-K Filing (filed 2026-02-17)

Key Strengths & Strategy (as disclosed to the SEC)

Partnerships

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

SymbolNamePriceChange
ORCLOracle CorporationUSD 125.54▼ 2.78%
PANWPalo Alto Networks, Inc.USD 354.92▲ 2.21%
CRWDCrowdStrike Holdings, Inc.USD 237.94▼ 0.58%
FTNTFortinet, Inc.USD 172.98▼ 0.61%
NETCloudflare, Inc.USD 303.61▼ 1.18%
SNPSSynopsys, Inc.USD 422.48▼ 6.36%

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 11:23 UTC. This page is informational and not investment advice.

For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt