S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
Critical asset just had biggest fall on record (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
Critical asset just had biggest fall on record (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
Critical asset just had biggest fall on record (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
Critical asset just had biggest fall on record (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet

Palantir Technologies (PLTR) Stock Price, News & Analysis

$24.93
-0.15 (-0.60%)
(As of 03/1/2024 ET)
Today's Range
$24.54
$25.69
50-Day Range
$15.98
$25.41
52-Week Range
$7.19
$25.69
Volume
64.79 million shs
Average Volume
109.78 million shs
Market Capitalization
$55.16 billion
P/E Ratio
277.03
Dividend Yield
N/A
Price Target
$16.71

Palantir Technologies MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.92 Rating Score
Upside/​Downside
33.0% Downside
$16.71 Price Target
Short Interest
Healthy
4.63% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.93mentions of Palantir Technologies in the last 14 days
Based on 35 Articles This Week
Insider Trading
Selling Shares
$12 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.

2.84 out of 5 stars

Business Services Sector

138th out of 310 stocks

Prepackaged Software Industry

111th out of 204 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

MarketBeat Week in Review – 2/26 - 3/1 (PLTR)
As the calendar turns to March, investors continue to climb the wall of worry, but with the S&P 500 at 5,000, the MarketBeat team helps show you where to invest
Palantir Stock Has It all
Palantir Technologies NYSE: PLTR stock is gaining traction and may advance another 50% or more in the next few months. The company has a solid product, growing demand, deepening penetration and widening margins that can all be blamed on its utility.
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.
Palantir Stock Has It all… Except the Analysts' Support
Palantir is gaining traction despite naysaying analysts who peg the stock at Reduce. Institutions are buying and growth is expected to sustain at 20% for years.
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
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
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.
Is It Too Late to Buy Palantir Stock?
13 Stocks That Will Double in 2024
3 AI Stocks Bound to Make it Big in 2024
See More Headlines
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Company Calendar

Last Earnings
2/05/2024
Today
3/03/2024
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
-33.0%
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
$1.61 per share

Miscellaneous

Outstanding Shares
2,212,730,000
Free Float
1,903,835,000
Market Cap
$55.16 billion
Optionable
Optionable
Beta
2.81

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 Saturday, March 2, 2024 at 4:49 PM.

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 to assist in counterterrorism efforts.
  • Palantir Technologies Inc. allows customers to deploy their own software virtually in any environment.

Cons

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

  • Current stock price information is not available.














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 brokerages 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 anticipate the company's stock price to reach $16.71 in the next year. This suggests that the stock has a possible downside of 33.0%.
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 beginning of 2024. Since then, PLTR stock has increased by 45.2% and is now trading at $24.93.
View the best growth stocks for 2024 here
.

Are investors shorting Palantir Technologies?

Palantir Technologies saw a increase in short interest during the month of 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 trading volume of 67,070,000 shares, the short-interest ratio is currently 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) released its quarterly earnings data on Monday, February, 5th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by $0.01. The firm had revenue of $608.35 million for the quarter, compared to analyst estimates of $603.48 million. Palantir Technologies had a net margin of 9.43% and a trailing twelve-month return on equity of 6.17%.

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

Palantir Technologies issued an update on its FY 2024 earnings guidance on Monday, February, 5th. The company provided EPS 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 initial public offering (IPO) on Wednesday, September 30th 2020. The company issued 257,100,000 shares at $0.00 per share. None acted as the underwriter for the IPO.

Who are Palantir Technologies' major shareholders?

Palantir Technologies' stock is owned by many different institutional and retail 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.
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This page (NYSE:PLTR) was last updated on 3/3/2024 by MarketBeat.com Staff