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Followed 131 TimesTop FollowedLowest-Rated StocksLowest-RatedSearched 517 TimesTop Searched
NYSE:PLTR

Palantir Technologies (PLTR) Stock Forecast, Price & News

$14.42
-0.29 (-1.97%)
(As of 02:40 PM ET)
Compare
Today's Range
$14.20
▼
$15.22
50-Day Range
$7.38
▼
$14.72
52-Week Range
$5.84
▼
$15.22
Volume
105.36 million shs
Average Volume
50.42 million shs
Market Capitalization
$30.53 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$8.54
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

Palantir Technologies MarketRank™ Forecast

Analyst Rating
Hold
1.86 Rating Score
Upside/​Downside
42.2% Downside
$8.54 Price Target
Short Interest
Bearish
9.00% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.49mentions of Palantir Technologies in the last 14 days
Based on 26 Articles This Week
Insider Trading
Selling Shares
$5.59 M Sold Last Quarter
Proj. Earnings Growth
100.00%
From $0.05 to $0.10 Per Share

Overall MarketRank™

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

1.47 out of 5 stars

Business Services Sector

621st out of 684 stocks

Prepackaged Software Industry

377th out of 432 stocks

See Top Rated MarketRank™ Stocks Here

PLTR stock logo

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.

 

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PLTR Stock News Headlines

May 30, 2023 | marketbeat.com
Palantir: The "Sleeper" Play on the AI Revolution
The secretive and controversial data analytics firm Palantir made a game-changing move with its launch of AIP. Can it live up to the hype?
May 15, 2023 | marketbeat.com
UnitedHealth Group is an AI Stock That Isn't Beating Expectations (PLTR)
Although it's a pioneer in AI, UnitedHealth Group is not enjoying the halo effect on AI stocks, but with more clarity on future growth that should change
June 1, 2023 | Edge On The Street (Ad)
Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
May 13, 2023 | marketbeat.com
MarketBeat Week in Review – 5/8 - 5/12 (PLTR)
Inflation, bank woes, interest rates, and the debt ceiling led to more of the new normal for equity markets. Here are some of this week's most popular articles
May 9, 2023 | marketbeat.com
Palantir: Bottoming On Unprecedented Demand 
Palantir had a great quarter with growth in all segments but some analysts are not impressed and see this stock moving sideways in 2023.
June 1, 2023 | msn.com
Why It May Not Be Too Late to Invest in Palantir
June 1, 2023 | americanbankingnews.com
Palantir Technologies (NYSE:PLTR) Sees Strong Trading Volume
June 1, 2023 | finance.yahoo.com
Zacks Market Edge Highlights: NVIDIA, Marvell, Microsoft, Arista and Palantir
June 1, 2023 | Edge On The Street (Ad)
ChatGPT Is Already "Old School"
As good as ChatGPT is at writing content, it still doesn't understand what it's saying. But a new AI technology breakthrough will understand and process information like a human. One young company is leading the way.
May 31, 2023 | 247wallst.com
Unusual Put Option Trade in Palantir Technologies Worth $340.81K
May 31, 2023 | msn.com
AI frenzy leading Palantir’s stock to best month since November 2020
May 31, 2023 | msn.com
The World Is Sleeping On Palantir's AI Prospects
May 31, 2023 | msn.com
Palantir Stock Nearly Doubles In May — But Analyst Still Thinks It's 'Contentious' AI Play
May 31, 2023 | finance.yahoo.com
Got $1,000? These 2 AI Stocks Look Like Bargain Buys Right Now
May 31, 2023 | msn.com
Unusual Put Option Trade in Palantir Technologies Inc - (PLTR) Worth $340.81K
May 30, 2023 | finance.yahoo.com
Why Palantir Technologies Stock Rallied on Tuesday
May 30, 2023 | msn.com
AI frenzy leads Palantir’s stock to best month since November 2020
May 30, 2023 | finance.yahoo.com
Nasdaq Leads Upside In Mixed Stock Market; What Is The Next Entry Point In Palantir Stock?
May 30, 2023 | finance.yahoo.com
Cathie Wood's explanation for why she missed Nvidia's rally
May 28, 2023 | finance.yahoo.com
Cathie Wood Just Doubled Back on This AI Stock -- Should You Follow Her Lead?
May 28, 2023 | finance.yahoo.com
Why Palantir's Latest AI Initiatives Make It a Screaming Buy
May 27, 2023 | msn.com
Why Is Palantir Trading Higher?
May 26, 2023 | finance.yahoo.com
AI is 'a nuclear bomb and the entire world has already got it,' Palantir ethics expert warns
May 26, 2023 | businesswire.com
INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates Palantir Technologies Inc.’s Directors and Officers for Breach of Fiduciary Duties – PLTR
May 26, 2023 | theglobeandmail.com
Palantir (NYSE: PLTR) Technologies Low in Place or More Downside?
May 26, 2023 | seekingalpha.com
Palantir: Don't Be Fooled By The Headline Numbers
May 26, 2023 | seekingalpha.com
A.I. Powerhouse Palantir Technologies' International Struggles Will Weigh On Growth
See More Headlines

PLTR Price History

PLTR Company Calendar

Last Earnings
2/13/2023
Today
6/01/2023
Next Earnings (Estimated)
8/14/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

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
$8.54
High Stock Price Forecast
$15.00
Low Stock Price Forecast
$4.50
Forecasted Upside/Downside
-41.9%
Consensus Rating
Hold
Rating Score (0-4)
1.86
Research Coverage
14 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.13)
Trailing P/E Ratio
N/A
Forward P/E Ratio
294.00
P/E Growth
5.17
Net Income
$-373,700,000.00
Net Margins
-12.88%
Pretax Margin
-12.14%
Return on Equity
-12.48%
Return on Assets
-9.24%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
5.41
Quick Ratio
5.41

Sales & Book Value

Annual Sales
$1.91 billion
Price / Sales
16.33
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$1.32 per share
Price / Book
11.14

Miscellaneous

Outstanding Shares
2,117,440,000
Free Float
1,821,845,000
Market Cap
$31.13 billion
Optionable
Not Optionable
Beta
2.85

Social Links


Key Executives

  • Mr. Peter Andreas Thiel (Age 56)
    Co-Founder & Chairman
  • Dr. Alexander C. KarpDr. Alexander C. Karp (Age 56)
    Co-Founder, CEO & Director
    Comp: $4.48M
  • Mr. Stephen Andrew CohenMr. Stephen Andrew Cohen (Age 39)
    Co-Founder, Pres, Sec. & Director
    Comp: $1.93M
  • Mr. David A. GlazerMr. David A. Glazer (Age 39)
    CFO & Treasurer
    Comp: $475.72k
  • Mr. Shyam SankarMr. Shyam Sankar (Age 41)
    COO & Exec. VP
    Comp: $698.69k
  • Mr. Ryan D. TaylorMr. Ryan D. Taylor (Age 41)
    Chief Legal & Bus. Affairs Officer
    Comp: $462.81k
  • Mr. Joseph Lonsdale (Age 40)
    Co-Founder
  • Mr. Rodney Nelson
    Head of Investor Relations
  • Mr. David B. MacNaughton (Age 74)
    Pres of Palantir Canada
  • Kevin Kawasaki
    Head of Bus. Devel.

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?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Palantir Technologies in the last year. There are currently 5 sell ratings, 7 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street equities research 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 2023?

14 Wall Street research analysts have issued 1 year price targets for Palantir Technologies' shares. Their PLTR share price forecasts range from $4.50 to $15.00. On average, they anticipate the company's share price to reach $8.54 in the next year. This suggests that the stock has a possible downside of 41.9%.
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 start of the year. Since then, PLTR shares have increased by 129.0% and is now trading at $14.70.
View the best growth stocks for 2023 here.

Are investors shorting Palantir Technologies?

Palantir Technologies saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 158,430,000 shares, an increase of 28.3% from the April 30th total of 123,520,000 shares. Based on an average daily volume of 45,160,000 shares, the short-interest ratio is currently 3.5 days. Approximately 9.0% of the company's stock are short sold.
View Palantir Technologies' Short Interest.

When is Palantir Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our PLTR earnings forecast.

How were Palantir Technologies' earnings last quarter?

Palantir Technologies Inc. (NYSE:PLTR) issued its quarterly earnings results on Monday, February, 13th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. The business had revenue of $508.62 million for the quarter, compared to analyst estimates of $504.84 million. Palantir Technologies had a negative net margin of 12.88% and a negative trailing twelve-month return on equity of 12.48%. The business's revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 EPS.

What ETFs hold Palantir Technologies' stock?

ETFs with the largest weight of Palantir Technologies (NYSE:PLTR) stock in their portfolio include ProShares Big Data Refiners ETF (DAT), Renaissance IPO ETF (IPO), Roundhill MEME ETF (MEME), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), Innovator Deepwater Frontier Tech ETF (LOUP), VanEck Social Sentiment ETF (BUZZ), SoFi Social 50 ETF (SFYF) and Gen Z ETF (ZGEN).

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

Palantir Technologies updated its second quarter 2023 earnings guidance on Monday, May, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $528.00 million-$532.00 million, compared to the consensus revenue estimate of $536.20 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 initial public offering (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.

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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.69%), Renaissance Technologies LLC (1.93%), State Street Corp (1.68%), Geode Capital Management LLC (1.13%), Champlain Investment Partners LLC (0.41%) and Two Sigma Investments LP (0.36%). Insiders that own company stock include Alexander C Karp, Alexander C Karp, Alexander D Moore, Alexander D Moore, David A Glazer, 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 $14.70.

How much money does Palantir Technologies make?

Palantir Technologies (NYSE:PLTR) has a market capitalization of $31.13 billion and generates $1.91 billion in revenue each year. The company earns $-373,700,000.00 in net income (profit) each year or ($0.13) 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 6/1/2023 by MarketBeat.com Staff

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