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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden's Plan to Confiscate Your Cash? (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
High oil prices help Saudi Aramco earn $88B in first half
Biden's Plan to Confiscate Your Cash? (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
Germans urged to cap heat in offices this winter to save gas
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden's Plan to Confiscate Your Cash? (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
High oil prices help Saudi Aramco earn $88B in first half
Biden's Plan to Confiscate Your Cash? (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
Germans urged to cap heat in offices this winter to save gas
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden's Plan to Confiscate Your Cash? (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
High oil prices help Saudi Aramco earn $88B in first half
Biden's Plan to Confiscate Your Cash? (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
Germans urged to cap heat in offices this winter to save gas
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
MUST WATCH: Unusual 3-second financial maneuver (Ad)
NYSE:PLTR

Palantir Technologies - PLTR Stock Forecast, Price & News

$9.91
+0.49 (+5.20%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$9.42
$9.97
50-Day Range
$7.64
$11.45
52-Week Range
$6.44
$29.29
Volume
30.64 million shs
Average Volume
41.26 million shs
Market Capitalization
$20.46 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.00

Palantir Technologies MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
41.3% Upside
$14.00 Price Target
Short Interest
Bearish
6.72% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.13mentions of Palantir Technologies in the last 14 days
Based on 52 Articles This Week
Insider Trading
Selling Shares
$4.21 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.07) to ($0.03) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.24 out of 5 stars

Business Services Sector

166th out of 338 stocks

Prepackaged Software Industry

120th out of 230 stocks

PLTR stock logo

About Palantir Technologies (NYSE:PLTR) Stock

Palantir Technologies Inc. builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides palantir gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. It also offers palantir foundry, a platform that transforms the ways organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides apollo, a software that enables customers to deploy their own software virtually in any environment. Palantir Technologies Inc. was incorporated in 2003 and is based in Denver, Colorado.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PLTR. Citigroup decreased their price objective on shares of Palantir Technologies from $7.00 to $6.00 and set a "sell" rating on the stock in a research note on Tuesday, August 9th. Raymond James began coverage on shares of Palantir Technologies in a research report on Thursday, July 21st. They set a "strong-buy" rating and a $20.00 target price on the stock. The Goldman Sachs Group began coverage on shares of Palantir Technologies in a research report on Thursday, June 23rd. They set a "neutral" rating and a $10.00 target price on the stock. Royal Bank of Canada lowered shares of Palantir Technologies from a "sector perform" rating to an "underperform" rating and reduced their target price for the stock from $12.00 to $6.00 in a research report on Monday, May 9th. Finally, Morgan Stanley reduced their target price on shares of Palantir Technologies from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 9th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $14.00.

Palantir Technologies Price Performance

Shares of NYSE:PLTR opened at $9.91 on Friday. The company's 50 day simple moving average is $9.47 and its 200 day simple moving average is $10.73. Palantir Technologies has a fifty-two week low of $6.44 and a fifty-two week high of $29.29. The firm has a market capitalization of $20.46 billion, a P/E ratio of -36.70 and a beta of 3.79.

Palantir Technologies (NYSE:PLTR - Get Rating) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04). The business had revenue of $473.00 million during the quarter, compared to analyst estimates of $471.72 million. Palantir Technologies had a negative net margin of 30.90% and a positive return on equity of 0.06%. The company's quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.04 earnings per share. Sell-side analysts expect that Palantir Technologies will post -0.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, insider David A. Glazer sold 105,553 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $11.02, for a total value of $1,163,194.06. Following the sale, the insider now directly owns 1,911,484 shares in the company, valued at $21,064,553.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Alexander D. Moore sold 11,377 shares of the stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $8.89, for a total transaction of $101,141.53. Following the completion of the sale, the director now owns 1,960,928 shares of the company's stock, valued at $17,432,649.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Glazer sold 105,553 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $11.02, for a total transaction of $1,163,194.06. Following the sale, the insider now directly owns 1,911,484 shares of the company's stock, valued at approximately $21,064,553.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 427,935 shares of company stock worth $4,209,427. Company insiders own 13.22% of the company's stock.

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PLTR Stock News Headlines

MarketBeat: Week in Review 8/1 - 8/5 (PLTR)
The hot jobs report is dispelling any notion that interest rates will level off. But the market moves on and here are some of the stocks and stories to follow.
Are Palantir, Shopify Close To Rebounding? (PLTR)
Enterprise software makers Palantir Technologies and Shopify continue to languish in correction mode, even as the broader market attempts to stage a rally.
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Palantir Stock is Showing Signs of Life
Enterprise and government data analytics services provider Palantir Technologies (NASDAQ: PLTR) stock has plummeted nearly (-46%) in 2022.
Snowflake Stock May Have Stopped Falling (PLTR)
Data Cloud provider Snowflake (NASDAQ: SNOW) stock has tanked (-57%) on the year. The enterprise data warehouse systems provider enables analytics and reporting to generate business intelligence
Palantir's Q2: The Bad, The Good, And The Future
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Palantir: Utter Disaster
Palantir: Attractive Below IPO Price At 9x EV/Sales
3 Reasons to Buy the Dip on Palantir
VSTA vs. PLTR: Which Stock Is the Better Value Option?
Palantir Q2: Cash Burn Rates In Focus
Palantir Technologies: That Was Ugly
Palantir's Business Model That Failed
Palantir's Q2 Performance Has Analysts Divided
Why Palantir Stock Is Falling Again Today
See More Headlines
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PLTR Company Calendar

Last Earnings
8/08/2022
Today
8/14/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
2,920
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$14.00
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
+41.3%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
12 Analysts

Profitability

Net Income
$-520,380,000.00
Pretax Margin
-28.66%

Debt

Sales & Book Value

Annual Sales
$1.54 billion
Cash Flow
$0.16 per share
Book Value
$1.14 per share

Miscellaneous

Outstanding Shares
2,064,160,000
Free Float
1,791,280,000
Market Cap
$20.46 billion
Optionable
Not Optionable
Beta
3.79

Social Links















PLTR Stock - 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 3 sell ratings, 5 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" PLTR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PLTR, but not buy additional shares or sell existing shares.
View PLTR analyst ratings
or view top-rated stocks.

What is Palantir Technologies' stock price forecast for 2022?

12 Wall Street research analysts have issued 12-month target prices for Palantir Technologies' shares. Their PLTR share price forecasts range from $6.00 to $25.00. On average, they anticipate the company's stock price to reach $14.00 in the next year. This suggests a possible upside of 41.3% from the stock's current price.
View analysts price targets for PLTR
or view top-rated stocks among Wall Street analysts.

How have PLTR shares performed in 2022?

Palantir Technologies' stock was trading at $18.21 at the start of the year. Since then, PLTR stock has decreased by 45.6% and is now trading at $9.91.
View the best growth stocks for 2022 here
.

When is Palantir Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our PLTR earnings forecast
.

How were Palantir Technologies' earnings last quarter?

Palantir Technologies Inc. (NYSE:PLTR) issued its quarterly earnings data on Monday, August, 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.04. The company earned $473 million during the quarter, compared to analyst estimates of $471.72 million. Palantir Technologies had a negative net margin of 30.90% and a positive trailing twelve-month return on equity of 0.06%. The business's quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 earnings per share.

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

Palantir Technologies issued an update on its third quarter 2022 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $474.00 million-$475.00 million, compared to the consensus revenue estimate of $506.88 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 IPO on Wednesday, September 30th 2020. The company issued 257,100,000 shares at a price of $0.00 per share. None served 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."

Who are Palantir Technologies' major shareholders?

Palantir Technologies' stock is owned by many different retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (1.38%), Northern Trust Corp (0.52%), Swiss National Bank (0.35%), Bank of Montreal Can (0.00%), Sumitomo Mitsui Trust Holdings Inc. (0.24%) and Wells Fargo & Company MN (0.23%). Insiders that own company stock include Alexander C Karp, Alexander C Karp, Alexander D Moore, Alexander D Moore, David A Glazer, Matthew A Long, 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.

What is Palantir Technologies' stock price today?

One share of PLTR stock can currently be purchased for approximately $9.91.

How much money does Palantir Technologies make?

Palantir Technologies (NYSE:PLTR) has a market capitalization of $20.46 billion and generates $1.54 billion in revenue each year. The company earns $-520,380,000.00 in net income (profit) each year or ($0.27) on an earnings per share basis.

How many employees does Palantir Technologies have?

The company employs 2,920 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

When was Palantir Technologies founded?

Palantir Technologies was founded in 2004.

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 8/14/2022 by MarketBeat.com Staff

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