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NYSE:PLTR

Palantir Technologies (PLTR) Stock Forecast, Price & News

$14.22

+0.08 (+0.57%)

(As of 09/25/2023 ET)

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Today's Range: $13.82
▼
$14.24
50-Day Range: $14.00
▼
$19.99
52-Week Range: $5.84
▼
$20.24

Volume: 39.62 million shs
Average Volume: 45.58 million shs
Market Capitalization: $30.59 billion

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

Palantir Technologies MarketRank™ Forecast

Analyst Rating: Reduce
1.80 Rating Score
Upside/Downside: 6.8% Downside
$13.25 Price Target
Short Interest: Bearish
7.23% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.95
Based on 17 Articles This Week
Insider Trading: Selling Shares
$49.32 M Sold Last Quarter
Proj. Earnings Growth: 57.14%
From $0.07 to $0.11 Per Share

Overall MarketRank^™

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

1.76 out of 5 stars

Business Services Sector

228th out of 310 stocks

Prepackaged Software Industry

161st out of 206 stocks

1.9

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 6.8% from its current price of $14.22.
Amount of Analyst Coverage
Palantir Technologies has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
7.23% 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 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Palantir Technologies has recently increased by 14.59%, indicating that investor sentiment is decreasing 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.

2.8

News and Social Media Coverage

News Sentiment
Palantir Technologies has a news sentiment score of 0.95. 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 higher news sentiment than the 0.52 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 17 news articles for Palantir Technologies this week, compared to 17 articles on an average week.
Search Interest
Only 287 people have searched for PLTR on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.
MarketBeat Follows
214 people have added Palantir Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 49% 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 $49,321,222.00 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 57.14% in the coming year, from $0.07 to $0.11 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Palantir Technologies is -473.83, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Palantir Technologies is -473.83, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Palantir Technologies has a PEG Ratio of 3.55. 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 11.28. 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 (NYSE:PLTR) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

PLTR Stock News Headlines

September 18, 2023 | marketbeat.com

2 Recession-Proof Intelligence Stocks to Defend Your Portfolio

Three industries have historically proven recession-proof: government, education and healthcare. People still need education and healthcare during the good an

September 5, 2023 | marketbeat.com

Can Palantir Really Monetize Lucrative AI Opportunities?

Palantir, hailed as an AI frontrunner, has seen its stock price slip as AI hype wanes. Despite strong Q2 earnings, Palantir was downgraded by Morgan Stanley.

September 26, 2023 | Edge On The Street (Ad)

Gold Could Be Heading for Record Highs - But How to Play It?

According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.

August 29, 2023 | marketbeat.com

8 Best Meme Stocks to Buy Now (PLTR)

Meme stocks took the investing world by storm in 2021, but is it still beneficial to invest meme stocks now? Learn about the best meme stocks to buy now.

September 23, 2023 | msn.com

Is Palantir Still Working With Starlink Despite Elon Musk's Pro-Putin Stance? Here's What Alex Karp Says.

September 23, 2023 | finance.yahoo.com

These 2 Growth Stocks Are Down More Than 20%, but Billionaires Are Buying Them Hand Over Fist

September 22, 2023 | msn.com

Palantir: Time To Get Out Again (Rating Downgrade)

September 22, 2023 | msn.com

Palantir’s CEO has this message for skeptics and believers alike

September 26, 2023 | Edge On The Street (Ad)

Gold Could Be Heading for Record Highs - But How to Play It?

September 22, 2023 | finance.yahoo.com

Is It Time to Move On From C3.ai Stock?

September 21, 2023 | seekingalpha.com

Palantir: Potential AI Trade Of The Decade

September 21, 2023 | finance.yahoo.com

CAZ Investments Selects Palantir for its Artificial Intelligence Platform (AIP)

September 20, 2023 | seekingalpha.com

Palantir: Profitability Poised To Explode

September 20, 2023 | msn.com

Palantir's AI vision paving way for success, Wall Street says

September 19, 2023 | msn.com

Palantir On Track To Garner Meaningful Share Of $1 Trillion Global AI Market, Analyst Says After AIP Conference

September 19, 2023 | msn.com

Palantir's AI vision paving way for success, Wedbush says

September 19, 2023 | finance.yahoo.com

Palantir: Dan Ives Is Impressed, and So Am I

September 19, 2023 | americanbankingnews.com

Palantir Technologies (NYSE:PLTR) Given Outperform Rating at Wedbush

September 18, 2023 | seekingalpha.com

Palantir: Buybacks And Billings Acceleration Power Upside Potential

September 18, 2023 | nasdaq.com

Why Palantir (PLTR) Stock Belongs In Your Portfolio

September 17, 2023 | finance.yahoo.com

3 Reasons to Buy Palantir, and 3 Reasons to Sell

September 17, 2023 | americanbankingnews.com

HSBC Begins Coverage on Palantir Technologies (NYSE:PLTR)

September 15, 2023 | msn.com

HSBC Initiates Coverage of Palantir Technologies Inc - (PLTR) with Hold Recommendation

September 15, 2023 | markets.businessinsider.com

11 Analysts Have This to Say About Palantir Technologies

September 15, 2023 | finance.yahoo.com

Insider Sell: Director Stat Lauren Elaina Friedman Sells 3,595 Shares of Palantir Technologies Inc

September 15, 2023 | seekingalpha.com

Palantir: What Are You Waiting For?

September 15, 2023 | finance.yahoo.com

2 Exceptional Growth Stocks Billionaires Are Buying Hand Over Fist

See More Headlines

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PLTR Company Calendar

Last Earnings: 8/07/2023
Today: 9/25/2023
Next Earnings (Estimated): 11/06/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NYSE:PLTR
CUSIP: N/A
CIK: 1321655
Web: www.palantir.com
Phone: 720-358-3679
Fax: N/A
Employees: 3,838
Year Founded: 2004

Price Target and Rating

Average Stock Price Forecast: $13.25
High Stock Price Forecast: $25.00
Low Stock Price Forecast: $5.00
Forecasted Upside/Downside: -6.8%
Consensus Rating: Reduce
Rating Score (0-4): 1.80
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.03)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 203.07
P/E Growth: 3.55
Net Income: $-373,700,000.00
Net Margins: -2.35%
Pretax Margin: -1.67%
Return on Equity: -4.37%
Return on Assets: -3.29%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 5.22
Quick Ratio: 5.22

Sales & Book Value

Annual Sales: $2.05 billion
Price / Sales: 14.96
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.26 per share
Price / Book: 11.28

Miscellaneous

Outstanding Shares: 2,151,825,000
Free Float: 1,851,430,000
Market Cap: $30.59 billion
Optionable: Not Optionable
Beta: 2.80

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Key Executives

Mr. Peter Andreas Thiel (Age 56)
Co-Founder & Chairman

Dr. Alexander C. Karp (Age 56)
Co-Founder, CEO & Director
Comp: $5.49M

Mr. Stephen Andrew Cohen (Age 39)
Co-Founder, Pres, Sec. & Director
Comp: $583.9k

Mr. David A. Glazer (Age 38)
CFO & Treasurer
Comp: $473.84k

Mr. Shyam Sankar (Age 40)
CTO & Exec. VP
Comp: $646.87k

Mr. Ryan D. Taylor (Age 40)
Chief Revenue Officer & Chief Legal Officer
Comp: $463.37k

Mr. Joseph Lonsdale (Age 40)
Co-Founder

Ms. Heather Planishek (Age 39)
Chief Accounting Officer

Mr. Rodney Nelson
Head of Investor Relations

Mr. David B. MacNaughton (Age 74)
Pres of Palantir Canada

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PLTR Stock - Frequently Asked Questions

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 forecast for 2023?: 15 brokerages have issued 12 month price targets for Palantir Technologies' stock. Their PLTR share price forecasts range from $5.00 to $25.00. On average, they anticipate the company's share price to reach $13.25 in the next twelve months. This suggests that the stock has a possible downside of 6.8%.
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 121.4% and is now trading at $14.2150.
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, November 6th 2023.
View our PLTR earnings forecast.
How were Palantir Technologies' earnings last quarter?: Palantir Technologies Inc. (NYSE:PLTR) issued its earnings results on Monday, August, 7th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $533.32 million for the quarter, compared to analysts' expectations of $533.88 million. Palantir Technologies had a negative trailing twelve-month return on equity of 4.37% and a negative net margin of 2.35%.
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), ProShares Big Data Refiners ETF (DAT), Long Cramer ETF (LJIM), Pinnacle Focused Opportunities ETF (FCUS), Roundhill MEME ETF (MEME), Adaptiv Select ETF (ADPV), SoFi Social 50 ETF (SFYF) and VanEck Social Sentiment ETF (BUZZ).
What guidance has Palantir Technologies issued on next quarter's earnings?: Palantir Technologies updated its third quarter 2023 earnings guidance on Monday, August, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $553.00 million-$557.00 million, compared to the consensus revenue estimate of $552.09 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 a price of $0.00 per share. None served 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 many different institutional and retail investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (14.50%), BlackRock Inc. (4.87%), Renaissance Technologies LLC (1.88%), State Street Corp (1.69%), Geode Capital Management LLC (1.17%) and Citadel Advisors LLC (0.00%). Insiders that own company stock include Alexander C Karp, Alexander C Karp, Alexander D Moore, Alexander D Moore, David A Glazer, Eric H Woersching, Heather A Planishek, Jeffrey Buckley, Lauren Elaina Friedman Stat, 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 $14.22.
How much money does Palantir Technologies make?: Palantir Technologies (NYSE:PLTR) has a market capitalization of $30.59 billion and generates $2.05 billion in revenue each year. The company earns $-373,700,000.00 in net income (profit) each year or ($0.03) on an earnings per share basis.
How many employees does Palantir Technologies have?: The company employs 3,838 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
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 9/26/2023 by MarketBeat.com Staff

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