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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
0.41mentions of Palantir Technologies in the last 14 days
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


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

Web security powerhouse Cloudflare inches closer to a breakout (PLTR)
Cybersecurity stock Cloudflare is nearing a breakout following a strong earnings report and upbeat guidance. The company is rolling out more AI features.
MarketBeat Week in Review – 11/6 - 11/10 (PLTR)
Stocks closed the week with a strong rally, but the rally may reverse when investors get the latest information about inflation and retail stocks next week
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
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.
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.
Big Players' Recent Trades in PLTR Options
Why Palantir (PLTR) Stock Is Falling Today
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Palantir stock falls on analyst caution
Why Palantir Stock Jumped 36% in November
Palantir Technologies
Could Palantir Become the Next Microsoft?
One stock to buy, one to sell
Why It Is Difficult To Justify Palantir's Stock Price
See More Headlines
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Company Calendar

Last Earnings
11/02/2023
Today
12/04/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/12/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
3,838
Year Founded
2004

Price Target and Rating

Average Stock Price Target
$13.25
High Stock Price Target
$25.00
Low Stock Price Target
$5.00
Potential Upside/Downside
-28.8%
Consensus Rating
Reduce
Rating Score (0-4)
1.80
Research Coverage
15 Analysts

Profitability

Net Income
$-373,700,000.00
Pretax Margin
7.94%

Debt

Sales & Book Value

Annual Sales
$2.13 billion
Book Value
$1.26 per share

Miscellaneous

Outstanding Shares
2,175,989,000
Free Float
1,872,221,000
Market Cap
$40.50 billion
Optionable
Not Optionable
Beta
2.77

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Palantir Technologies was last updated on Tuesday, November 28, 2023 at 9:37 AM.

Pros

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

  • Palantir Technologies Inc. builds and deploys software platforms for the intelligence community in the United States, which could lead to potential government contracts and long-term partnerships.
  • Palantir Gotham, their software platform, enables users to identify patterns hidden deep within datasets, providing valuable insights for counterterrorism investigations and operations.
  • Palantir Foundry, another platform offered by the company, creates a central operating system for data, allowing organizations to integrate and analyze the data they need in one place, improving operational efficiency.
  • Palantir Apollo, their software, enables customers to deploy their own software virtually in any environment, providing flexibility and customization options.
  • Recent developments and partnerships indicate that Palantir Technologies Inc. is actively expanding its market reach and diversifying its offerings, which could lead to increased revenue and growth opportunities.

Cons

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

  • The stock price of Palantir Technologies Inc. is subject to market volatility and may fluctuate significantly, which could result in potential losses for investors.
  • Palantir Technologies Inc. primarily focuses on serving the intelligence community in the United States, which may limit its market potential and expose the company to regulatory and political risks.
  • Competition in the prepackaged software industry is intense, and Palantir Technologies Inc. faces competition from both established companies and emerging startups, which could impact its market share and profitability.
  • Investing in Palantir Technologies Inc. requires a thorough understanding of the company's complex software platforms and their applications in the intelligence and data analysis fields.
  • While recent developments show growth potential, investors should carefully evaluate the company's financial performance and future prospects before making investment decisions.














PLTR Stock Analysis - 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 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 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
This page (NYSE:PLTR) was last updated on 12/4/2023 by MarketBeat.com Staff

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