Analyst revises Palantir stock price target amid growing insider sale concerns

After a successful close that sent its stock up nearly 6% yesterday, Palantir (NASDAQ: PLTR) was slipping 2% in pre-market trading at the time of writing, March 3, despite a notable endorsement from a Wall Street company. 

The drop could be the result of insider activity, in particular that of co-founder Peter Thiel’s, who has disclosed plans to sell 2 million shares worth approximately $280 million. 

Last month, three bouts of insider PLTR stock dumps preceded a rather deep slide, meaning the currently visible dip could be a sign of another near-term correction

Rosenblatt upgrades Palantir stock price target

Nonetheless, Rosenblatt Securities lifted its Palantir stock price target from $150 to $200 on March 3, reiterating a ‘Buy’ rating on the shares. The upgrade came amid rising geopolitical tensions, with Rosenblatt pointing to growing demand for defense technologies. 

Analyst John McPeake argues that escalating conflict in the Middle East could underscore the advantages of Palantir’s integrated platforms over standalone large language models. 

The firm thus expects global instability to drive further consolidation of government contracts, similar to the U.S. Army agreement in July that combined 75 contracts under a single Palantir deal.

Revise Palantir stock price target

The revised PLTR share price target given by Rosenblatt reflects a 1.2x price-to-earnings growth (PEG) ratio based on 88x projected 2027 earnings per share, up from the previous 0.9x assumption. 
Overall, the average Palantir price forecast for the next twelve months sits at $191.76, which translates to an upside potential approximately 32%, citing twenty different analyst notes gathered by TipRanks in the past three months.

Rosenblatt, therefore, continues to hold above-consensus forecasts for Palantir’s 2027 performance. Specifically, its projected figure sees Palantir rallying 38%, with only Citi and Morgan Stanley being more bullish on the software company.

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