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DOW   38,972.41
QQQ   437.60
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Critical asset just had biggest fall on record (Ad)
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New highs are coming for Lowe’s stock despite mixed results
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
Critical asset just had biggest fall on record (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
Critical asset just had biggest fall on record (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
Critical asset just had biggest fall on record (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
Critical asset just had biggest fall on record (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
Critical asset just had biggest fall on record (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
Critical asset just had biggest fall on record (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results

Palantir Technologies (PLTR) Stock Price, News & Analysis

$24.54
+0.98 (+4.16%)
(As of 02/27/2024 ET)
Today's Range
$23.72
$24.62
50-Day Range
$15.98
$25.41
52-Week Range
$7.19
$25.52
Volume
64.49 million shs
Average Volume
77.07 million shs
Market Capitalization
$53.39 billion
P/E Ratio
272.64
Dividend Yield
N/A
Price Target
$16.71

Palantir Technologies MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.92 Rating Score
Upside/​Downside
31.9% Downside
$16.71 Price Target
Short Interest
Bearish
5.27% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.58mentions of Palantir Technologies in the last 14 days
Based on 43 Articles This Week
Insider Trading
Selling Shares
$22.09 M Sold Last Quarter
Proj. Earnings Growth
31.25%
From $0.16 to $0.21 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.

1.80 out of 5 stars

Business Services Sector

200th out of 292 stocks

Prepackaged Software Industry

146th out of 190 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

Arm stock just doubled, here are the next candidates (PLTR)
The world of A.I. has been in the spotlight all of 2023, a trend continuing into 2024 as well. Here are the best candidates to double after ARM's stellar rally
MarketBeat Week in Review – 2/5 - 2/9 (PLTR)
The markets continue to rise as investors come to grips with higher interest rates, but next week's inflation data may cool down the bullish momentum
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Palantir stock pops 20% and continues to silence skeptics
Palantir stock gapped up 20% after a strong earnings report and improved guidance; history suggests a pullback is likely, but the company is quieting skeptics
3 AI Stocks Bound to Make it Big in 2024
Palantir Is Betting on Surf Air Mobility (SRFM) Stock
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
PLTR Sep 2024 24.000 put
PLTR Mar 2024 24.000 put
3 Millionaire-Maker AI Stocks to Buy in February 2024
PLTR Mar 2024 11.500 put
5 Investors Betting Big on Palantir (PLTR) Stock
See More Headlines
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Company Calendar

Last Earnings
2/13/2023
Today
2/27/2024
Next Earnings (Estimated)
5/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$16.71
High Stock Price Target
$30.00
Low Stock Price Target
$5.00
Potential Upside/Downside
-31.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.92
Research Coverage
12 Analysts

Profitability

Net Income
$209.82 million
Pretax Margin
10.66%

Debt

Sales & Book Value

Annual Sales
$2.23 billion
Cash Flow
$0.10 per share
Book Value
$1.64 per share

Miscellaneous

Outstanding Shares
2,175,990,000
Free Float
1,872,221,000
Market Cap
$53.39 billion
Optionable
Optionable
Beta
2.66

Social Links

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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 Thursday, February 22, 2024 at 9:43 PM.

Pros

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

  • Palantir Technologies provides software platforms for the intelligence community, aiding in counterterrorism investigations and operations, which can lead to government contracts and stable revenue streams.
  • The company's software platform, Palantir Gotham, enables users to identify hidden patterns within datasets, enhancing decision-making processes for various organizations.
  • Palantir Technologies facilitates the handoff between analysts and operational users, streamlining communication and improving operational efficiency.
  • Recent positive market sentiment and analyst ratings on Palantir Technologies stock indicate potential growth opportunities.
  • Palantir Technologies stock price has shown resilience and potential for growth in recent periods, making it an attractive investment option.

Cons

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

  • Palantir Technologies' focus on government contracts may expose it to regulatory risks and potential fluctuations in revenue based on government spending priorities.
  • The company's reliance on a limited number of clients, particularly within the intelligence community, could pose a risk if these relationships are disrupted or terminated.
  • Palantir Technologies operates in a highly competitive market with other tech companies offering similar solutions, potentially impacting its market share and profitability.
  • Investing in Palantir Technologies involves exposure to the technology sector, which can be volatile and subject to rapid changes in market trends and investor sentiment.
  • Uncertainties surrounding future government contracts and geopolitical factors could introduce unpredictability in Palantir Technologies' financial performance and stock valuation.














PLTR Stock Analysis - Frequently Asked Questions

Should I buy or sell Palantir Technologies stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Palantir Technologies in the last year. There are currently 4 sell ratings, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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?

12 Wall Street research analysts have issued 1 year price objectives for Palantir Technologies' shares. Their PLTR share price targets range from $5.00 to $30.00. On average, they predict the company's stock price to reach $16.71 in the next twelve months. This suggests that the stock has a possible downside of 31.9%.
View analysts price targets for PLTR
or view top-rated stocks among Wall Street analysts.

How have PLTR shares performed in 2024?

Palantir Technologies' stock was trading at $17.17 at the start of the year. Since then, PLTR shares have increased by 42.9% and is now trading at $24.5350.
View the best growth stocks for 2024 here
.

Are investors shorting Palantir Technologies?

Palantir Technologies saw a increase in short interest in January. As of January 31st, there was short interest totaling 114,720,000 shares, an increase of 11.9% from the January 15th total of 102,520,000 shares. Based on an average daily trading volume, of 67,070,000 shares, the days-to-cover ratio is presently 1.7 days.
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, May 13th 2024.
View our PLTR earnings forecast
.

How were Palantir Technologies' earnings last quarter?

Palantir Technologies Inc. (NYSE:PLTR) announced its quarterly earnings results on Monday, February, 5th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.04 by $0.01. The company had revenue of $608.35 million for the quarter, compared to the consensus estimate of $603.48 million. Palantir Technologies had a trailing twelve-month return on equity of 6.17% and a net margin of 9.43%.

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

Palantir Technologies updated its FY 2024 earnings guidance on Monday, February, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.7 billion.

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 $0.00 per share. None served as the underwriter for the IPO.

Who are Palantir Technologies' major shareholders?

Palantir Technologies' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.91%), Citadel Advisors LLC (0.00%), Sumitomo Mitsui Trust Holdings Inc. (0.58%), Legal & General Group Plc (0.54%), Northern Trust Corp (0.52%) and ARK Investment Management LLC (0.50%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 2/28/2024 by MarketBeat.com Staff