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GE   107.80 (+0.04%)
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Followed 221 TimesTop FollowedLowest-Rated StocksLowest-Rated
NYSE:PLTR

Palantir Technologies (PLTR) Stock Forecast, Price & News

$15.32
+0.42 (+2.82%)
(As of 10:16 AM ET)
Compare
Today's Range
$15.23
▼
$15.85
50-Day Range
$13.96
▼
$19.99
52-Week Range
$5.84
▼
$20.24
Volume
19.07 million shs
Average Volume
58.00 million shs
Market Capitalization
$32.97 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$13.25
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

Palantir Technologies MarketRank™ Forecast

Analyst Rating
Reduce
1.80 Rating Score
Upside/​Downside
11.1% Downside
$13.25 Price Target
Short Interest
Healthy
7.16% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.71mentions of Palantir Technologies in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$48.75 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.

1.80 out of 5 stars

Business Services Sector

244th out of 310 stocks

Prepackaged Software Industry

170th out of 201 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.

 

PLTR Price History

PLTR Stock News Headlines

September 27, 2023 | marketbeat.com
Big Tech Titans Feel the Chill as AI Stocks Slide (PLTR)
Tech stocks, driven by AI enthusiasm, face a slump as investors demand AI-generated revenue, not just promises. Rising interest rates are adding to tech's woes.
September 26, 2023 | marketbeat.com
3 Stocks That Really, Really Need the Defense Bill to Pass (PLTR)
The defense sector has performed well after past government shutdowns, which makes it a good time to look at three defense stocks that investors are selling
October 4, 2023 | Edge On The Street (Ad)
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
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.
October 4, 2023 | tmcnet.com
Palantir Technologies and PwC Collaborate to Accelerate Operational Transformation
October 4, 2023 | msn.com
Palantir, PwC team up to bring AI solutions to clients
October 3, 2023 | msn.com
Palantir set to win UK NHS contract amid data privacy concerns
October 4, 2023 | Edge On The Street (Ad)
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
October 3, 2023 | seekingalpha.com
Palantir: The $250 Million Deal Is A Positive, But Not For Near-Term Profits
October 1, 2023 | finance.yahoo.com
2 AI Stocks With Bullish Catalysts & High Growth Prospects
October 1, 2023 | fool.com
How to Invest in Palantir Technologies Stock
September 29, 2023 | finance.yahoo.com
Palantir Technologies Inc. (PLTR) Recently Broke Out Above the 50-Day Moving Average
September 29, 2023 | finance.yahoo.com
Palantir Technologies Inc. (PLTR) Recently Broke Out Above the 20-Day Moving Average
September 28, 2023 | finance.yahoo.com
Why Palantir Technologies Popped 12% This Week
September 28, 2023 | finance.yahoo.com
Which Path Is Palantir Pointing To?
September 28, 2023 | finance.yahoo.com
2 Cathie Wood Artificial Intelligence (AI) Growth Stocks That Could Go Parabolic
September 27, 2023 | markets.businessinsider.com
Analysts Conflicted on These Technology Names: Intuit (INTU), Sea (SE) and Palantir Technologies (PLTR)
September 27, 2023 | finance.yahoo.com
Palantir Wins $250 Million AI Deal With US Defense Department
September 27, 2023 | finance.yahoo.com
Palantir Wins $250M U.S. Army Services Contract For AI
September 27, 2023 | finance.yahoo.com
Palantir Technologies Inc (PLTR): A Deep Dive into Its Performance Potential
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 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
See More Headlines
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PLTR Company Calendar

Last Earnings
8/07/2023
Today
10/04/2023
Next Earnings (Estimated)
11/06/2023
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
$13.25
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
-11.1%
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
212.86
P/E Growth
4.02
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
$1.91 billion
Price / Sales
16.82
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$1.26 per share
Price / Book
11.83

Miscellaneous

Outstanding Shares
2,151,820,000
Free Float
1,851,430,000
Market Cap
$32.06 billion
Optionable
Not Optionable
Beta
2.68

Social Links

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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: $5.49M
  • Mr. Stephen Andrew CohenMr. Stephen Andrew Cohen (Age 39)
    Co-Founder, Pres, Sec. & Director
    Comp: $583.9k
  • Mr. David A. GlazerMr. David A. Glazer (Age 38)
    CFO & Treasurer
    Comp: $473.84k
  • Mr. Shyam SankarMr. Shyam Sankar (Age 40)
    CTO & Exec. VP
    Comp: $646.87k
  • Mr. Ryan D. TaylorMr. Ryan D. Taylor (Age 40)
    Chief Revenue Officer & Chief Legal Officer
    Comp: $463.37k
  • Mr. Joseph Lonsdale (Age 40)
    Co-Founder
  • Ms. Heather PlanishekMs. 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 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 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 Wall Street analysts have issued 12-month price objectives for Palantir Technologies' shares. Their PLTR share price forecasts range from $5.00 to $25.00. On average, they predict the company's stock price to reach $13.25 in the next year. This suggests that the stock has a possible downside of 11.1%.
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 on January 1st, 2023. Since then, PLTR shares have increased by 132.1% and is now trading at $14.90.
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) released its quarterly earnings data on Monday, August, 7th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The company earned $533.32 million during the quarter, compared to the consensus estimate of $533.88 million. Palantir Technologies had a negative net margin of 2.35% and a negative trailing twelve-month return on equity of 4.37%.

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 issued an update on its third quarter 2023 earnings guidance on Monday, August, 7th. The company provided earnings per share 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 initial public offering 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."

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 $14.90.

How much money does Palantir Technologies make?

Palantir Technologies (NYSE:PLTR) has a market capitalization of $32.06 billion and generates $1.91 billion in revenue each year. The company earns $-373,700,000.00 in net income (profit) each year or ($0.03) 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 10/4/2023 by MarketBeat.com Staff

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