Palantir Technologies Inc PLTR Stock Price, Quote & News

We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Palantir Technologies’ stock was trading at $6.42 at the beginning of 2023. Since then, PLTR stock has increased by 20.7% and is now trading at $7.75.

• Price did take out the sell-side liquidity built up last week and is showing signs of bullishness .
• MarketBeat has tracked 13 news articles for Palantir Technologies this week, compared to 11 articles on an average week.
• A high percentage of insider ownership can be a sign of company health.
• Palantir Technologies Inc. is an SaaS company focused on AI and big data analytics.
• On average, they expect the company’s stock price to reach $8.25 in the next twelve months.

But then, to continue the roller coaster, the stock is up nearly 30% YTD. But this article provides a few reasons to help investors with their decisions and concludes with my thoughts on how I am planning to play Palantir here. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. 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 Technologies Inc. is an SaaS company focused on AI and big data analytics.

More than 168,000 tech-sector employees have lost their jobs since the start of 2023

Although the interest is high in the artificial intelligence sector, there still are plenty of AI stocks to sell before they tank further. After stock markets fell last year, speculators tried to jump… Sticking with the short to medium term indicators, Palantir’s technical set up is looking solid while not too exciting. Intraday Data provided by FACTSET and subject to terms of use. Historical and current end-of-day data provided by FACTSET.

According to 13 analysts, the average rating for PLTR stock is “Hold.” The 12-month stock price forecast is $8.69, which is an increase of 12.13% from the latest price. And it has been that way for nearly two years now, which is almost as long as it has been a public company. This shows their confidence in their ability to raise cash through operations and their operational discipline. The general market euphoria coupled with excitement around the company’s prospects and leadership sent the stock soaring initially. Reality then set in from both macro and company perspectives. The stock lost more than 85% from its all-time high of $39 to trade near $6 towards the end of 2022.

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This suggests a possible upside of 6.5% from the stock’s current price. View analysts price targets for PLTR or view top-rated stocks among Wall Street analysts. Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s balance sheet and inputs from the stock market.

Predicting the short term direction of any stock is a fool’s errand and this applies even more for a young and volatile stock like Palantir. Nonetheless, it is interesting to see the upward tick in Earnings Per Share (“EPS”) estimates for Palantir’s 2023 and 2024 with the numbers going up 25% and 14% respectively. If these numbers hold true, Palantir is trading at a forward multiple of 32 based on 2024’s EPS estimates. Palantir will announce its quarterly financial results in 9 days. Traders should take this into account as the share price often fluctuates around this time period.

Stocks Worth a Buy for Solid Earnings Acceleration

Granted that growth companies like Palantir tend to have wide fluctuations between expectations and reality, and sometimes in even expectations across quarters. But it is easy to see why earnings estimates are so optimistic for Palantir given the ever increasing focus on data analytics and security. We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management.

While industry leader Palo Alto Networks is leading the group regarding https://1investing.in/ pric… In the latest trading session, Palantir Technologies Inc. closed at $7.74, marking no change from the previous day. In 2022, PLTR’s revenue was $1.91 billion, an increase of 23.61% compared to the previous year’s $1.54 billion.

• Palantir Technologies does not have a long track record of dividend growth.
• The company’s goal is to augment human intelligence with data-gathering and analytic tools that can change the world for the better.
• According to analysts’ consensus price target of $8.25, Palantir Technologies has a forecasted upside of 6.5% from its current price of $7.75.
• The company was founded by Stephen Cohen, Nathan Dale Gettings, Joseph Lonsdale, Alexander C.

Some of the notable companies to have witnessed solid earnings acceleration as of now are Las Vegas Sands , nCino , Informatica & Palantir Technologies . Many institutional and retail investors and traders often embrace fads for relatively short amounts of time. In other words, many entities will buy stocks within a “hot” category for six months to a y… Some of the notable companies to have witnessed solid earnings acceleration as of now are Palantir Technologies , Las Vegas Sands and Informatica . Invest in stocks like Becton, Dickinson and Company , Raytheon Technologies & Palantir Technologies as of now for superb earnings acceleration.

They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Meme Stocks to Buy With Actual Growth Potential

That is impressive for any company and even more so a company in its early growth phase where expenses typically outweigh a company’s ability to bring in and retain cash. Provide specific products and services to you, such as portfolio management or data aggregation. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. May is expected to be another volatile month on Wall Street. Investor focus will be on the Federal Reserve’s policy meeting, the monthly jobs report, inflation data, more… The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.

63 people have added Palantir Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 3% compared to the previous 30 days. Only 337 people have searched for PLTR on MarketBeat in the last 30 days. This is a decrease of -10% compared to the previous 30 days. MarketBeat has tracked 13 news articles for Palantir Technologies this week, compared to 11 articles on an average week. Palantir Technologies Inc. has been one of the stocks most watched by Zacks.com users lately.

PLTR Company Calendar

The Denver-fundsindia explains what are absolute company was founded in 2003 and went public in 2020. We believe Palantir is well-placed for long-term financial success as a leader in the artificial intelligence/machine learning, or AI/ML, platforms space. Palantir’s two main platforms, Gotham and Foundry, are well-suited to help governments and commercial clients harness the power of data. Palantir’s platforms stand to materially benefit as organizations seek to expand their use of data to inform business decisions. We expect this secular tailwind to allow Palantir to land more clients while also expanding revenue from existing ones.

LLC1.15Vanguard Growth Index Fund0.72D.E. Shaw & Co., Inc.0.63Shareholder percentage totals can add to more than 100% because some holders are included in the free float. This looks ready for a short-term pullback to at least the green trendline support as it is still in a general uptrend. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article.

Palantir Technologies, Inc. is a holding company, which engages in the development of data integration and software solutions. It operates through the Commercial and Government segments. The Commercial segment offers services to clients in the private sector. The Government segment provides solutions to the United States federal government and non-US governments.

I/we have a beneficial long position in the shares of MSFT either through stock ownership, options, or other derivatives. On weakness, Palantir, or any stock for that matter, may go well below your strike price. In this case, you will be forced to buy at $7 irrespective of the market price. We’d like to share more about how we work and what drives our day-to-day business. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams.

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. NA2.00Vanguard Mid Cap Index Fund1.97BlackRock Fund Advisors1.78State Street Corp.1.72Vanguard Extended Market Index Fund1.23Geode Capital Management LLC1.15Voya Investment Management Co.

The firm offers automotive, financial compliance, legal intelligence, mergers and acquisitions solutions. The company was founded by Stephen Cohen, Nathan Dale Gettings, Joseph Lonsdale, Alexander C. Karp, and Peter Andreas Thiel in 2003 and is headquartered in Denver, CO. The company was founded by Stephen Cohen, Nathan Dale Gettings, Joseph Lonsdale, Alexander C.

ComparePLTR’s historical performanceagainst its industry peers and the overall market. Estimate on stock cut to $8 from $13; Palantir stock undervalued but opportunities elsewhere in tech. Also, why we raised Apple stock’s fair value estimate, and why we think Palantir has created problems for itself. By creating a free account, you agree to our terms of service.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Earnings for Palantir Technologies are expected to grow by 120.00% in the coming year, from $0.05 to $0.11 per share. Palantir Technologies does not have a long track record of dividend growth. Short interest in Palantir Technologies has recently decreased by 2.41%, indicating that investor sentiment is improving.