Palantir Technologies sees institutional buying and analyst upgrades

Palantir Technologies Inc. has seen significant activity from both institutional investors and equity analysts. Recent SEC filings show Baldwin Wealth Partners LLC MA purchased 5,687 shares in the third quarter, valued at approximately $1,064,000. Other major institutional holders have also adjusted their positions, including BlackRock Inc., which increased its holdings to over 189 million shares, and State Street Corp, which raised its position by 2.8% during the second quarter.

In early October, several analysts issued bullish ratings and price targets for the company. Yorkville Ives initiated coverage with an ‘Outperform’ rating and a $250 target. Goldman Sachs upgraded the stock from ‘Neutral’ to ‘Buy’, raising its price target from $204 to $230. Additionally, Barclays initiated coverage with an ‘Overweight’ rating and a $265 target. These actions coincide with the stock's performance near technical resistance levels in derivative markets.