Palantir Technologies (PLTR) Stock Price, News & Analysis

$20.60
-0.54 (-2.55%)
(As of 05/10/2024 ET)
Today's Range
$20.50
$21.37
50-Day Range
$20.48
$26.47
52-Week Range
$9.02
$27.50
Volume
59.85 million shs
Average Volume
50.79 million shs
Market Capitalization
$45.58 billion
P/E Ratio
171.68
Dividend Yield
N/A
Price Target
$20.65

Palantir Technologies MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.86 Rating Score
Upside/​Downside
0.3% Upside
$20.65 Price Target
Short Interest
Healthy
3.56% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.40mentions of Palantir Technologies in the last 14 days
Based on 134 Articles This Week
Insider Trading
Selling Shares
$416.39 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.

1.71 out of 5 stars

Business Services Sector

233rd out of 313 stocks

Prepackaged Software Industry

160th out of 202 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 – 5/6 - 5/10 (PLTR)
Sell in May, then go away got pushed to the side this week, but the bearish sentiment could return when investors get the latest read on inflation next week.
Dems have chosen Biden replacement?
On November 16, 2023… Joe Biden accidentally revealed the name of the candidate… Who will replace him in the 2024 presidential election.
Traders Sell but Investors Still Win After Palantir's Earnings
Palantir Technologies Inc. NYSE: PLTR delivered a solid earnings report, but you wouldn't know it if you looked at the share price. PLTR stock is down over 11% in pre-market trading.
Traders Sell but Investors Still Win After Palantir's Earnings
Palantir stock is down sharply after a strong earnings report. The long-term thesis hasn't changed, but it reinforces that PLTR stock is still an active trade
MarketBeat Week in Review – 4/29 - 5/3 (PLTR)
Apple, Amgen, and a weak jobs report helped move the market higher as investors temporarily looked past the possibility of no interest rate cuts in 2024
Dems have chosen Biden replacement?
On November 16, 2023… Joe Biden accidentally revealed the name of the candidate… Who will replace him in the 2024 presidential election.
What Is Going On With Palantir Stock?
Where Will Palantir Stock Be in 2024?
See More Headlines
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Company Calendar

Last Earnings
2/13/2023
Today
5/11/2024
Next Earnings (Estimated)
8/05/2024
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
$20.65
High Stock Price Target
$35.00
Low Stock Price Target
$7.50
Potential Upside/Downside
+0.2%
Consensus Rating
Reduce
Rating Score (0-4)
1.86
Research Coverage
14 Analysts

Profitability

Net Income
$209.82 million
Pretax Margin
14.01%

Debt

Sales & Book Value

Annual Sales
$2.33 billion
Cash Flow
$0.09 per share
Book Value
$1.75 per share

Miscellaneous

Outstanding Shares
2,212,733,000
Free Float
1,903,835,000
Market Cap
$45.63 billion
Optionable
Optionable
Beta
2.76

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PLTR Stock Analysis - Frequently Asked Questions

Should I buy or sell Palantir Technologies stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Palantir Technologies in the last twelve months. There are currently 5 sell ratings, 6 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?

14 Wall Street research analysts have issued 1 year target prices for Palantir Technologies' shares. Their PLTR share price targets range from $7.50 to $35.00. On average, they predict the company's stock price to reach $20.65 in the next twelve months. This suggests a possible upside of 0.3% 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 2024?

Palantir Technologies' stock was trading at $17.17 at the start of the year. Since then, PLTR shares have increased by 20.0% and is now trading at $20.60.
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, August 5th 2024.
View our PLTR earnings forecast
.

How were Palantir Technologies' earnings last quarter?

Palantir Technologies Inc. (NYSE:PLTR) posted its quarterly earnings results on Monday, February, 13th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $508.62 million for the quarter, compared to the consensus estimate of $504.84 million. Palantir Technologies had a net margin of 12.79% and a trailing twelve-month return on equity of 8.28%. The business's revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.02 earnings per share.

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

Palantir Technologies issued an update on its second quarter 2024 earnings guidance on Monday, May, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $649.0 million-$653.0 million, compared to the consensus revenue estimate of $653.3 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?

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 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. (8.90%), Sumitomo Mitsui Trust Holdings Inc. (0.66%), Nikko Asset Management Americas Inc. (0.44%), Bank of New York Mellon Corp (0.32%), Twin Tree Management LP (0.00%) and Scout Investments Inc. (0.29%). 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 5/11/2024 by MarketBeat.com Staff

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