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Insiders Say New “Parallel Economy” Is Wave Of Future (Ad)pixel
The How and Why of Investing in Gold Stocks
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Wall Street roars after inflation cools more than expected
Rhine River could fall below critical mark, risking industry
US inflation slows from a 40-year peak but remains high
Sick of seeing others get rich in the stock market? Let Stock Advisor help (Ad)
S&P 500   4,210.24
DOW   33,309.51
QQQ   325.93
The How And Why of Investing in Oil Stocks
Insiders Say New “Parallel Economy” Is Wave Of Future (Ad)pixel
The How and Why of Investing in Gold Stocks
Trump says he took the Fifth in NY civil investigation
Closing prices for crude oil, gold and other commodities
Insiders Say New “Parallel Economy” Is Wave Of Future (Ad)pixel
Wall Street roars after inflation cools more than expected
Rhine River could fall below critical mark, risking industry
US inflation slows from a 40-year peak but remains high
Sick of seeing others get rich in the stock market? Let Stock Advisor help (Ad)
S&P 500   4,210.24
DOW   33,309.51
QQQ   325.93
The How And Why of Investing in Oil Stocks
Insiders Say New “Parallel Economy” Is Wave Of Future (Ad)pixel
The How and Why of Investing in Gold Stocks
Trump says he took the Fifth in NY civil investigation
Closing prices for crude oil, gold and other commodities
Insiders Say New “Parallel Economy” Is Wave Of Future (Ad)pixel
Wall Street roars after inflation cools more than expected
Rhine River could fall below critical mark, risking industry
US inflation slows from a 40-year peak but remains high
Sick of seeing others get rich in the stock market? Let Stock Advisor help (Ad)
NYSE:PLTR

Palantir Technologies - PLTR Stock Forecast, Price & News

$9.59
+0.34 (+3.68%)
(As of 08/10/2022 12:00 AM ET)
Add
Compare
Today's Range
$9.32
$9.66
50-Day Range
$7.64
$11.45
52-Week Range
$6.44
$29.29
Volume
45.82 million shs
Average Volume
39.67 million shs
Market Capitalization
$19.63 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.00

Palantir Technologies MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
46.0% Upside
$14.00 Price Target
Short Interest
Bearish
6.72% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.18mentions of Palantir Technologies in the last 14 days
Based on 55 Articles This Week
Insider Trading
Selling Shares
$4.21 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.08) to ($0.02) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.24 out of 5 stars

Business Services Sector

140th out of 337 stocks

Prepackaged Software Industry

109th out of 226 stocks

PLTR stock logo

About Palantir Technologies (NYSE:PLTR) Stock

Palantir Technologies Inc. builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides palantir gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. It also offers palantir foundry, a platform that transforms the ways organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides apollo, a software that enables customers to deploy their own software virtually in any environment. Palantir Technologies Inc. was incorporated in 2003 and is based in Denver, Colorado.

Analysts Set New Price Targets

Several equities analysts have weighed in on PLTR shares. The Goldman Sachs Group assumed coverage on shares of Palantir Technologies in a report on Thursday, June 23rd. They issued a "neutral" rating and a $10.00 target price on the stock. Citigroup cut their target price on Palantir Technologies from $7.00 to $6.00 and set a "sell" rating for the company in a research note on Tuesday. Monness Crespi & Hardt lowered Palantir Technologies from a "buy" rating to a "neutral" rating in a research note on Friday, July 22nd. Deutsche Bank Aktiengesellschaft downgraded Palantir Technologies from a "hold" rating to a "sell" rating and cut their price objective for the stock from $11.00 to $8.00 in a research report on Tuesday. Finally, Bank of America began coverage on shares of Palantir Technologies in a research report on Tuesday, June 21st. They issued a "buy" rating and a $13.00 target price on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $14.00.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock traded up $0.34 during trading on Wednesday, hitting $9.59. 45,816,058 shares of the stock were exchanged, compared to its average volume of 46,762,957. The firm's 50-day moving average price is $9.42 and its 200 day moving average price is $10.80. The stock has a market cap of $19.63 billion, a price-to-earnings ratio of -37.00 and a beta of 3.80. Palantir Technologies has a 12-month low of $6.44 and a 12-month high of $29.29.

Palantir Technologies (NYSE:PLTR - Get Rating) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.04). Palantir Technologies had a positive return on equity of 12.04% and a negative net margin of 30.25%. The business had revenue of $473.00 million for the quarter, compared to analysts' expectations of $471.72 million. During the same period last year, the firm earned $0.04 earnings per share. The firm's quarterly revenue was up 25.9% on a year-over-year basis. As a group, research analysts forecast that Palantir Technologies will post -0.08 earnings per share for the current year.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 48,656 shares of the business's stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $8.09, for a total transaction of $393,627.04. Following the completion of the sale, the insider now owns 720,370 shares in the company, valued at approximately $5,827,793.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Palantir Technologies news, insider Ryan D. Taylor sold 48,656 shares of the firm's stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $8.09, for a total transaction of $393,627.04. Following the transaction, the insider now owns 720,370 shares of the company's stock, valued at $5,827,793.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David A. Glazer sold 105,553 shares of the business's stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $11.02, for a total value of $1,163,194.06. Following the completion of the sale, the insider now directly owns 1,911,484 shares of the company's stock, valued at $21,064,553.68. The disclosure for this sale can be found here. Insiders sold 427,935 shares of company stock valued at $4,209,427 over the last three months. 13.22% of the stock is owned by corporate insiders.

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PLTR Stock News Headlines

MarketBeat: Week in Review 8/1 - 8/5 (PLTR)
The hot jobs report is dispelling any notion that interest rates will level off. But the market moves on and here are some of the stocks and stories to follow.
Are Palantir, Shopify Close To Rebounding? (PLTR)
Enterprise software makers Palantir Technologies and Shopify continue to languish in correction mode, even as the broader market attempts to stage a rally.
The Safest Option in Trades!
If you’re new to trading, then you’ve probably heard the wrong thing about options—that they’re risky, unpredictable, or difficult. And it couldn’t be more wrong! With the Hughes Optioneering Strategy, you’ll soon learn that the safest option for new accounts is options themselves! pixel
Palantir Stock is Showing Signs of Life
Enterprise and government data analytics services provider Palantir Technologies (NASDAQ: PLTR) stock has plummeted nearly (-46%) in 2022.
Snowflake Stock May Have Stopped Falling (PLTR)
Data Cloud provider Snowflake (NASDAQ: SNOW) stock has tanked (-57%) on the year. The enterprise data warehouse systems provider enables analytics and reporting to generate business intelligence
The Safest Option in Trades!
If you’re new to trading, then you’ve probably heard the wrong thing about options—that they’re risky, unpredictable, or difficult. And it couldn’t be more wrong! With the Hughes Optioneering Strategy, you’ll soon learn that the safest option for new accounts is options themselves! pixel
VSTA vs. PLTR: Which Stock Is the Better Value Option?
Palantir Q2: Cash Burn Rates In Focus
Palantir Technologies: That Was Ugly
Palantir's Business Model That Failed
Palantir's Q2 Performance Has Analysts Divided
Why Palantir Stock Is Falling Again Today
Palantir Q2 Earnings: Devastated By Weak Guidance
See More Headlines
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PLTR Company Calendar

Last Earnings
8/08/2022
Today
8/11/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
2,920
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$14.00
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
+46.0%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
12 Analysts

Profitability

Net Income
$-520,380,000.00
Pretax Margin
-28.66%

Debt

Sales & Book Value

Annual Sales
$1.54 billion
Cash Flow
$0.17 per share
Book Value
$1.15 per share

Miscellaneous

Outstanding Shares
2,046,590,000
Free Float
1,776,034,000
Market Cap
$19.63 billion
Optionable
Not Optionable
Beta
3.79

Social Links















PLTR Stock - Frequently Asked Questions

Should I buy or sell Palantir Technologies stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Palantir Technologies in the last twelve months. There are currently 3 sell ratings, 5 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" PLTR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PLTR, but not buy additional shares or sell existing shares.
View PLTR analyst ratings
or view top-rated stocks.

What is Palantir Technologies' stock price forecast for 2022?

12 brokers have issued 1 year target prices for Palantir Technologies' shares. Their PLTR share price forecasts range from $6.00 to $25.00. On average, they predict the company's stock price to reach $14.00 in the next twelve months. This suggests a possible upside of 46.0% from the stock's current price.
View analysts price targets for PLTR
or view top-rated stocks among Wall Street analysts.

How have PLTR shares performed in 2022?

Palantir Technologies' stock was trading at $18.21 on January 1st, 2022. Since then, PLTR stock has decreased by 47.3% and is now trading at $9.59.
View the best growth stocks for 2022 here
.

When is Palantir Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our PLTR earnings forecast
.

How were Palantir Technologies' earnings last quarter?

Palantir Technologies Inc. (NYSE:PLTR) released its earnings results on Monday, August, 8th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.04. The business had revenue of $473 million for the quarter, compared to the consensus estimate of $471.72 million. Palantir Technologies had a negative net margin of 30.25% and a positive trailing twelve-month return on equity of 12.04%. The company's revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 EPS.

What guidance has Palantir Technologies issued on next quarter's earnings?

Palantir Technologies issued an update on its third quarter 2022 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $474.00 million-$475.00 million, compared to the consensus revenue estimate of $506.88 million.

What other stocks do shareholders of Palantir Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Palantir Technologies investors own include Tesla (TSLA), NVIDIA (NVDA), Pfizer (PFE), AT&T (T), DocuSign (DOCU), PayPal (PYPL), Walmart (WMT), CrowdStrike (CRWD), Advanced Micro Devices (AMD) and CVS Health (CVS).

When did Palantir Technologies IPO?

(PLTR) raised $0 in an IPO on Wednesday, September 30th 2020. The company issued 257,100,000 shares at $0.00 per share. None acted as the underwriter for the IPO.

What is Palantir Technologies' stock symbol?

Palantir Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "PLTR."

Who are Palantir Technologies' major shareholders?

Palantir Technologies' stock is owned by a variety of retail and institutional investors. Top institutional investors include Swiss National Bank (0.35%), Sumitomo Mitsui Trust Holdings Inc. (0.24%), Simplex Trading LLC (0.00%), California Public Employees Retirement System (0.14%), Cypress Point Wealth Management LLC (0.11%) and LA Financiere DE L Echiquier (0.10%). Insiders that own company stock include Alexander C Karp, Alexander C Karp, Alexander D Moore, Alexander D Moore, David A Glazer, Matthew A Long, Peter Thiel, Ryan D Taylor, Shyam Sankar, Spencer M Rascoff, Spencer M Rascoff and Stephen Andrew Cohen.
View institutional ownership trends
.

How do I buy shares of Palantir Technologies?

Shares of PLTR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Palantir Technologies' stock price today?

One share of PLTR stock can currently be purchased for approximately $9.59.

How much money does Palantir Technologies make?

Palantir Technologies (NYSE:PLTR) has a market capitalization of $19.63 billion and generates $1.54 billion in revenue each year. The company earns $-520,380,000.00 in net income (profit) each year or ($0.25) on an earnings per share basis.

How many employees does Palantir Technologies have?

The company employs 2,920 workers across the globe.

Does Palantir Technologies have any subsidiaries?

The following companies are subsidiares of Palantir Technologies: FT Technologies, Kimono Labs, PTS Sweden AB, Palantir Engineering Israel Ltd., Palantir GSC Inc., Palantir International Inc., Palantir Italia S.R.L., Palantir Shakti Technologies Private Limited, Palantir Technologies Australia PTY Ltd., Palantir Technologies Canada Inc., Palantir Technologies Denmark ApS, Palantir Technologies France SAS, Palantir Technologies Geneva Sarl, Palantir Technologies GmbH, Palantir Technologies Holdings LLC, Palantir Technologies Hong Kong Limited, Palantir Technologies Japan, Palantir Technologies Japan G.K., Palantir Technologies Mexico S. de R.L. de C.V., Palantir Technologies New Zealand Limited, Palantir Technologies Norway AS, Palantir Technologies Poland Sp. z o.o., Palantir Technologies QFC LLC, Palantir Technologies Singapore Pte. Ltd., Palantir Technologies Spain SL, Palantir Technologies Switzerland GmbH, Palantir Technologies Taiwan Limited, Palantir Technologies U.K., Palantir Technologies U.K. - Eagle Ltd, Palantir Technologies U.K. - Eagle Ltd., Palantir Technologies U.K. Ltd., Palantir Tecnologia Do Brasil LTDA, Palantir USG, Palantir USG Inc., Poptip, Propeller, Silk, and Voicegem.
Read More

When was Palantir Technologies founded?

Palantir Technologies was founded in 2004.

How can I contact Palantir Technologies?

Palantir Technologies' mailing address is 1555 BLAKE STREET SUITE 250, DENVER CO, 80202. The official website for the company is www.palantir.com. The company can be reached via phone at 720-358-3679 or via email at investors@palantir.com.

This page (NYSE:PLTR) was last updated on 8/11/2022 by MarketBeat.com Staff

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