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Palantir Technologies (PLTR) Stock Price, News & Analysis

$28.58
-0.06 (-0.21%)
(As of 07/19/2024 ET)
Today's Range
$28.27
$29.60
50-Day Range
$20.73
$28.67
52-Week Range
$13.68
$29.83
Volume
49.58 million shs
Average Volume
42.31 million shs
Market Capitalization
$63.64 billion
P/E Ratio
238.19
Dividend Yield
N/A
Price Target
$21.32

Palantir Technologies MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.80 Rating Score
Upside/​Downside
25.4% Downside
$21.32 Price Target
Short Interest
Healthy
3.59% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.57mentions of Palantir Technologies in the last 14 days
Based on 52 Articles This Week
Insider Trading
Selling Shares
$240.08 M Sold Last Quarter
Proj. Earnings Growth
37.50%
From $0.16 to $0.22 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.90 out of 5 stars

Business Services Sector

203rd out of 296 stocks

Prepackaged Software Industry

140th out of 193 stocks

PLTR stock logo

About Palantir Technologies Stock (NYSE:PLTR)

Palantir Technologies Inc. is an SaaS company focused on AI and big data analytics. It was founded in 2003 in Denver, Co by well-known investors Peter Thiel and Stephen Cohen among others. The company’s goal is to augment human intelligence with data-gathering and analytic tools that can change the world for the better. As of 2022, Stephen Cohen, co-founder Alexander Karp, and Peter Thiel were president, CEO, and Chairman respectively.

Originally intended as a tool for the Federal Government, the company has since expanded to serve state and local governments as well as private corporations. The company’s name is based on J.R.R. Tolkien's Lord of the Rings trilogy. The palanteri are indestructible crystal globes used for seeing across great distances.

Today the company builds and deploys solutions for its clients based on three primary offerings. These are Palantir Gotham, Palantir Apollo, Palantir Foundry, and Palantir Metropolis. The goal is to generate alpha, or a competitive advantage, for its clients so they can succeed in a rapidly changing environment.

The company’s core offering is Palantir Gotham. Palantir Gotham was originally intended for the US intelligence community as a counter-terrorism tool but it has since been deployed by state and local governments as well as private enterprises as a global decision-making tool. Users are able to aggregate data from hundreds of inputs and funnel them into a single view for rapid decision-making and execution. The tool, which looks for and analyzes hidden patterns in deep data sets, has been used for “predictive policing” and has drawn some criticism because of it.

Palantir Apollo is an operating system designed to give continuous delivery and deployment of safe, secure Internet access across all operating environments. The system is 1 of 5 recognized by the Department of Defense as a Mission Critical National Security System and used by businesses and organizations for autonomous software deployment. Among its advantages, the system can speed up the development of new software by as much as 50% simply by securing access to sensitive information and networks.

 

PLTR Stock Price History

PLTR Stock News Headlines

Person holding mobile phone with logo of American software company Palantir Technologies Inc. on screen in front of web page
Why This AI Stock is Rising Despite Tech Sell-Off
PLTR stock is up 67% in 2024, and it's up 11% in a month when investors are rotating out of tech stocks; there are reasons why the stock may not be done yet
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Why These 4 AI Stocks Are Must-Watch for 2024 Investors (PLTR)
The rapid evolution of artificial intelligence is fueling investment in leading AI companies and driving market growth.
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Why These 4 AI Stocks Are Must-Watch for 2024 Investors
The artificial intelligence (AI) sector is rapidly expanding, revolutionizing industries and transforming how businesses operate. This dynamic growth is reflected in the stock market, where AI stocks are becoming increasingly sought after by investors seeking to capitalize on this burgeoning technological environment.
MarketBeat Week in Review – 7/8 - 7/12 (PLTR)
Stocks took investors on quite a ride this week, with the S&P 500 hitting a new record high, then falling back on Thursday before rallying to end the week
software developers working on desktop computer
AI Partnership Boosts This Top Tech Stock: Ready for More Gains?
Palantir Technologies Inc. NYSE: PLTR is up 68% through the first half of 2024. That makes it not only one of the best technology stocks of the year but also one of the best-performing stocks in the market period.
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software developers working on desktop computer
AI Partnership Boosts This Top Tech Stock: Ready for More Gains?
Palantir stock is one of the best-performing stocks in 2024, and investors wonder if it has room to run higher; recent developments suggest it may
Better AI Stock: Meta Platforms or Palantir
Palantir’s Stock Is Priced For Perfection
See More Headlines
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Company Calendar

Last Earnings
5/06/2024
Today
7/20/2024
Next Earnings (Confirmed)
8/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Computer Software
Fax
N/A
Employees
3,735
Year Founded
2004

Price Target and Rating

Average Stock Price Target
$21.32
High Stock Price Target
$35.00
Low Stock Price Target
$7.50
Potential Upside/Downside
-25.4%
Consensus Rating
Reduce
Rating Score (0-4)
1.80
Research Coverage
15 Analysts

Profitability

Net Income
$209.82 million
Pretax Margin
14.01%

Debt

Sales & Book Value

Annual Sales
$2.33 billion
Cash Flow
$0.10 per share
Book Value
$1.62 per share

Miscellaneous

Outstanding Shares
2,226,896,000
Free Float
1,938,958,000
Market Cap
$63.62 billion
Optionable
Optionable
Beta
2.71

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Should I Buy Palantir Technologies Stock? PLTR Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Palantir Technologies Inc.:

  • Palantir's recent partnership with a major government agency for data analytics solutions, showcasing growth potential in the government sector.
  • The company's focus on expanding its commercial business, diversifying revenue streams beyond government contracts.
  • Strong financial performance with consistent revenue growth and improving profit margins, indicating financial stability.
  • Positive analyst ratings and target price upgrades, reflecting confidence in the company's future prospects.
  • Current stock price trading below the consensus target price, potentially offering a buying opportunity based on market valuation.

Cons

Investors should be bearish about investing in Palantir Technologies Inc. for these reasons:

  • Concerns over the company's heavy reliance on government contracts, exposing it to potential regulatory risks and fluctuations in government spending.
  • Limited diversification in customer base, with a significant portion of revenue coming from a few key clients, increasing dependency risk.
  • High valuation metrics compared to industry peers, raising questions about the stock's current pricing levels.
  • Uncertainty surrounding the company's ability to sustain growth rates in the long term, especially in competitive tech markets.
  • Mixed analyst ratings, with a notable number of sell ratings, indicating varying opinions on the company's future performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, June 26, 2024. Please send any questions or comments about these Palantir Technologies pros and cons to contact@marketbeat.com.

PLTR Stock Analysis - Frequently Asked Questions

How have PLTR shares performed this year?

Palantir Technologies' stock was trading at $17.17 at the beginning of the year. Since then, PLTR shares have increased by 66.5% and is now trading at $28.58.
View the best growth stocks for 2024 here
.

How were Palantir Technologies' earnings last quarter?

Palantir Technologies Inc. (NYSE:PLTR) announced its earnings results on Monday, May, 6th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.04. The business earned $634.34 million during the quarter, compared to the consensus estimate of $614.88 million. Palantir Technologies had a trailing twelve-month return on equity of 8.28% and a net margin of 12.79%.

Does Palantir Technologies have any subsidiaries?

Palantir Technologies subsidiaries include Silk, Kimono Labs, FT Technologies, Propeller, Poptip, Voicegem, Palantir Engineering Israel Ltd., and others.

When did Palantir Technologies IPO?

Palantir Technologies (PLTR) raised $0 in an initial public offering (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.

Who are Palantir Technologies' major shareholders?

Palantir Technologies' top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.64%), Raymond James & Associates (0.09%), Salem Investment Counselors Inc. (0.08%) and Raymond James Financial Services Advisors Inc. (0.06%). Insiders that own company stock include Peter Thiel, Alexander C Karp, Alexander D Moore, Shyam Sankar, Heather A Planishek, Jeffrey Buckley, Ryan D Taylor, Alexandra W Schiff, Lauren Elaina Friedman Stat, Eric H Woersching, David A Glazer, Stephen Andrew Cohen and Spencer M Rascoff.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Palantir Technologies own?

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

This page (NYSE:PLTR) was last updated on 7/20/2024 by MarketBeat.com Staff

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