Should I buy or sell Palantir Technologies stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Palantir Technologies in the last twelve months. There are currently 6 sell ratings, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" PLTR shares. View PLTR analyst ratings or view top-rated stocks .

What is Palantir Technologies' stock price target for 2024?

15 Wall Street research analysts have issued 1-year price targets for Palantir Technologies' shares. Their PLTR share price targets range from $5.00 to $25.00. On average, they anticipate the company's stock price to reach $13.25 in the next year. This suggests that the stock has a possible downside of 28.0%. View analysts price targets for PLTR or view top-rated stocks among Wall Street analysts .

How have PLTR shares performed in 2023?

Palantir Technologies' stock was trading at $6.42 at the beginning of 2023. Since then, PLTR stock has increased by 186.6% and is now trading at $18.40. View the best growth stocks for 2023 here .

When is Palantir Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 12th 2024. View our PLTR earnings forecast .

How were Palantir Technologies' earnings last quarter?

Palantir Technologies Inc. (NYSE:PLTR) posted its quarterly earnings data on Thursday, November, 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $558.16 million for the quarter, compared to analysts' expectations of $554.61 million. Palantir Technologies had a net margin of 6.93% and a trailing twelve-month return on equity of 2.72%.

What ETFs hold Palantir Technologies' stock?

ETFs with the largest weight of Palantir Technologies (NYSE:PLTR) stock in their portfolio include Renaissance IPO ETF (IPO) , VictoryShares Protect America ETF (SHLD) , ProShares Big Data Refiners ETF (DAT) , Northern Lights Fund Trust IV - Long Cramer Tracker ETF (LJIM) , Pinnacle Focused Opportunities ETF (FCUS) , Roundhill MEME ETF (MEME) , Adaptiv Select ETF (ADPV) and SoFi Social 50 ETF (SFYF) .

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 a price of $0.00 per share. None acted as the underwriter for the IPO.

Who are Palantir Technologies' major shareholders?

Palantir Technologies' stock is owned by a number of institutional and retail investors. Top institutional investors include Morgan Stanley (1.04%), Sumitomo Mitsui Trust Holdings Inc. (0.54%), Northern Trust Corp (0.53%), Scout Investments Inc. (0.53%), ARK Investment Management LLC (0.44%) and Legal & General Group Plc (0.43%). Insiders that own company stock include Alexander C Karp, Alexander C Karp , Alexander D Moore, Alexander D Moore , Alexandra W Schiff , David A Glazer , Eric H Woersching , Heather A Planishek , Jeffrey Buckley , Lauren Elaina Friedman Stat , 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 .

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

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Palantir Technologies Stock Price, News & Analysis (NYSE:PLTR)

$18.40

-1.87 (-9.23%)

(As of 12/4/2023 ET)

Compare

Today's Range: $18.27
▼
$19.90
50-Day Range: $13.96
▼
$21.34
52-Week Range: $5.84
▼
$21.85

Volume: 102.42 million shs
Average Volume: 59.63 million shs
Market Capitalization: $40.04 billion

P/E Ratio: 306.72
Dividend Yield: N/A
Price Target: $13.25

Palantir Technologies MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.80 Rating Score
Upside/Downside: 28.0% Downside
$13.25 Price Target
Short Interest: Healthy
6.74% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.41
Based on 28 Articles This Week
Insider Trading: Selling Shares
$6.04 M Sold Last Quarter
Proj. Earnings Growth: 40.00%
From $0.10 to $0.14 Per Share

Overall MarketRank^™

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

1.62 out of 5 stars

Business Services Sector

250th out of 301 stocks

Prepackaged Software Industry

162nd out of 198 stocks

0.9

Analyst's Opinion

Consensus Rating
Palantir Technologies has received a consensus rating of Reduce. The company's average rating score is 1.80, and is based on 3 buy ratings, 6 hold ratings, and 6 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $13.25, Palantir Technologies has a forecasted downside of 28.0% from its current price of $18.40.
Amount of Analyst Coverage
Palantir Technologies has only been the subject of 3 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
6.74% of the outstanding shares of Palantir Technologies have been sold short.
Short Interest Ratio / Days to Cover
Palantir Technologies has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Palantir Technologies has recently decreased by 5.74%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Palantir Technologies does not currently pay a dividend.
Dividend Growth
Palantir Technologies does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PLTR.

2.5

News and Social Media Coverage

News Sentiment
Palantir Technologies has a news sentiment score of 0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 28 news articles for Palantir Technologies this week, compared to 20 articles on an average week.
Search Interest
471 people have searched for PLTR on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
Only 162 people have added Palantir Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Palantir Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,044,208.00 in company stock.
Percentage Held by Insiders
13.96% of the stock of Palantir Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 34.21% of the stock of Palantir Technologies is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Palantir Technologies are expected to grow by 40.00% in the coming year, from $0.10 to $0.14 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Palantir Technologies is 306.72, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 114.60.
Price to Earnings Ratio vs. Sector
The P/E ratio of Palantir Technologies is 306.72, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 32.86.
Price to Earnings Growth Ratio
Palantir Technologies has a PEG Ratio of 3.56. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Palantir Technologies has a P/B Ratio of 14.60. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

PLTR Stock News Headlines

November 27, 2023 | marketbeat.com

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Cybersecurity stock Cloudflare is nearing a breakout following a strong earnings report and upbeat guidance. The company is rolling out more AI features.

November 11, 2023 | marketbeat.com

MarketBeat Week in Review – 11/6 - 11/10 (PLTR)

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December 4, 2023 | Wealthpress (Ad)

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November 10, 2023 | marketbeat.com

Palantir's Q3 earnings beat: Time to buy despite analyst caution?

Palantir Technologies (PLTR) has experienced a robust quarter, with shares up almost 19%, outperforming peers in the software infrastructure industry.

November 6, 2023 | marketbeat.com

Cloud stocks surge double digits; big gains ahead (PLTR)

Cloud stocks get a ray of sunshine with solid Q3 results and improved guidance. Many stocks gained double-digits in a single day and have double-digits to go.