Palantir Technologies (PLTR) Stock Price, News & Analysis

$22.02
+0.38 (+1.76%)
(As of 10:21 AM ET)
Today's Range
$21.88
$22.25
50-Day Range
$20.48
$26.47
52-Week Range
$7.28
$27.50
Volume
9.73 million shs
Average Volume
63.22 million shs
Market Capitalization
$48.72 billion
P/E Ratio
244.69
Dividend Yield
N/A
Price Target
$18.35

Palantir Technologies MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.92 Rating Score
Upside/​Downside
15.2% Downside
$18.35 Price Target
Short Interest
Healthy
3.72% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.62mentions of Palantir Technologies in the last 14 days
Based on 42 Articles This Week
Insider Trading
Selling Shares
$184.34 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.

2.29 out of 5 stars

Business Services Sector

191st out of 306 stocks

Prepackaged Software Industry

134th out of 196 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

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MarketBeat Week in Review – 3/25-3/29 (PLTR)
The bull market rolls on as investors continue to climb the wall of worry that will only get higher as a new quarter starts
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
While the overall sentiment remains significantly bearish for Palantir Technologies NYSE: PLTR, the company remains undeterred. Its stock has surged almost 50% YTD and more than 200% over the previous year.
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
The contrast between bearish sentiment and bullish technical indicators presents an intriguing situation for PLTR, possibly driven by the prevalent negativity.
Biden replacement revealed?
A former CIA insider just announced a disturbing prediction… Biden will withdraw as the Democrat nominee on June 13.
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Palantir Technologies (NYSE:PLTR) Stock Price Down 0.7%
Is It Too Late to Buy Palantir Stock?
See More Headlines
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Company Calendar

Last Earnings
2/05/2024
Today
4/24/2024
Next Earnings (Confirmed)
5/06/2024
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
$18.35
High Stock Price Target
$35.00
Low Stock Price Target
$5.00
Potential Upside/Downside
-15.2%
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
$1.62 per share

Miscellaneous

Outstanding Shares
2,212,730,000
Free Float
1,903,835,000
Market Cap
$47.87 billion
Optionable
Optionable
Beta
2.78

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

Pros

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

  • Palantir Technologies Inc. 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 offers Palantir Foundry, a platform that can enhance organizational efficiency by creating a central operating system for data, potentially improving decision-making processes.
  • Palantir Apollo software enables seamless deployment of updates across businesses, ensuring that customers have access to the latest technologies and features.
  • Palantir Artificial Intelligence Platform (AIP) provides access to advanced AI models, allowing organizations to leverage cutting-edge technology for data analysis and decision-making.
  • Considering the current stock price of Palantir Technologies Inc., investors may find the valuation attractive for potential long-term growth.

Cons

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

  • Palantir Technologies Inc. operates in a highly specialized market catering to the intelligence community, which may limit its customer base and growth opportunities compared to broader software companies.
  • The company's focus on government contracts and sensitive data handling could expose it to regulatory risks and public scrutiny, impacting its reputation and business operations.
  • Palantir's business model heavily relies on long-term contracts with government agencies, which can lead to revenue fluctuations and dependency on a few key clients.
  • The competitive landscape in the software industry is intense, with established players and emerging startups posing challenges to Palantir's market position and growth prospects.
  • Investing in a company like Palantir Technologies Inc. requires a thorough understanding of the complexities of the intelligence and data analytics sector, which may not align with all investors' risk tolerance and expertise.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Palantir Technologies pros and cons to contact@marketbeat.com.

PLTR Stock Analysis - Frequently Asked Questions

Should I buy or sell Palantir Technologies stock right now?

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

12 equities research analysts have issued 12 month price targets for Palantir Technologies' shares. Their PLTR share price targets range from $5.00 to $35.00. On average, they anticipate the company's stock price to reach $18.35 in the next year. This suggests that the stock has a possible downside of 15.2%.
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 the year. Since then, PLTR shares have increased by 26.0% and is now trading at $21.6350.
View the best growth stocks for 2024 here
.

When is Palantir Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our PLTR earnings forecast
.

How can I listen to Palantir Technologies' earnings call?

Palantir Technologies will be holding an earnings conference call on Monday, May 6th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Palantir Technologies' earnings last quarter?

Palantir Technologies Inc. (NYSE:PLTR) announced 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 company had revenue of $608.35 million for the quarter, compared to analysts' expectations 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 (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?

Palantir Technologies (PLTR) raised $0 in an 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 a number of retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.66%), IMC Chicago LLC (0.00%), Salem Investment Counselors Inc. (0.08%), Raymond James & Associates (0.07%), America First Investment Advisors LLC (0.06%) and Atwood & Palmer Inc. (0.05%). 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 4/24/2024 by MarketBeat.com Staff

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