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A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal

Palantir Technologies (PLTR) Stock Price, News & Analysis

$24.50
-0.39 (-1.57%)
(As of 03/27/2024 ET)
Today's Range
$24.26
$25.48
50-Day Range
$16.10
$26.47
52-Week Range
$7.28
$27.50
Volume
38.51 million shs
Average Volume
63.36 million shs
Market Capitalization
$54.21 billion
P/E Ratio
272.25
Dividend Yield
N/A
Price Target
$18.21

Palantir Technologies MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
25.7% Downside
$18.21 Price Target
Short Interest
Healthy
3.74% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.74mentions of Palantir Technologies in the last 14 days
Based on 30 Articles This Week
Insider Trading
Selling Shares
$184.29 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.

2.93 out of 5 stars

Business Services Sector

140th out of 308 stocks

Prepackaged Software Industry

107th 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

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.
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Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Airship AI Holdings Is a Stock You Need to Know About (PLTR)
Airship AI is an emerging leader in video threat detection powered by AI. A new contract with the DOJ has shares up 500% and climbing
MarketBeat Week in Review – 3/4 – 3/8 (PLTR)
The market rally continues as the February Jobs Report reignited the soft landing talk, but momentum could stall if next week's inflation readings come in hot
The AI Defense Stock Set to Soar
To protect our interests, The Pentagon has partnered with this small AI defense contractor - creating some of the most powerful AI defenses ever made.
Palantir Stock Has It all… Except the Analysts' Support
Palantir is gaining traction despite naysaying analysts who peg the stock at Reduce. Institutions are buying and growth is expected to sustain at 20% for years.
Palantir Stock Spikes 6% on U.S. Army TITAN Contract
The share price of Palantir Technologies Inc. NYSE: PLTR was sharply higher in pre-market trading on March 6, 2024. The company announced it has been awarded a two-year $178 million contract from the U.S. Army for its Tactical Intelligence Targeting Access Node (TITAN) program.
Palantir Stock Spikes 6% on U.S. Army TITAN Contract
Palantir stock is surging to three-year highs on news of a $178 million contract from the U.S. Army; but the real catalyst may be coming at its AIPCon event
7 No-Brainer Software Stocks to Own Now
The 3 Best AI Stocks to Buy in Q2 2024
Should You Hold Palantir Technologies (PLTR)?
Palantir Technologies (NYSE:PLTR) Shares Down 1.3%
3 Disruptive Stocks Redefining Their Sectors
See More Headlines
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Company Calendar

Last Earnings
2/05/2024
Today
3/27/2024
Next Earnings (Estimated)
5/13/2024
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
$18.21
High Stock Price Target
$35.00
Low Stock Price Target
$5.00
Potential Upside/Downside
-25.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
11 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
2,212,733,000
Free Float
1,903,835,000
Market Cap
$54.21 billion
Optionable
Optionable
Beta
2.82

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Palantir Technologies was last updated on Tuesday, March 26, 2024 at 10:39 PM.

Pros

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

  • Palantir Technologies Inc. has a strong track record of providing software platforms for the intelligence community, particularly in counterterrorism investigations and operations.
  • The company's Palantir Gotham software platform enables users to identify hidden patterns within datasets, aiding in efficient data analysis and decision-making processes.
  • Palantir Foundry offers organizations a central operating system for their data, streamlining operations and enhancing data integration and analysis capabilities.
  • Palantir Apollo software facilitates seamless software deployment and updates across different environments, ensuring operational efficiency.
  • Palantir Artificial Intelligence Platform (AIP) provides access to advanced large language models (LLM) for transforming structured and unstructured data, enhancing organizational processes and decision-making.

Cons

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

  • Stock price volatility may pose risks to investors, requiring a careful assessment of market conditions and investment strategies.
  • Dependency on government contracts for a significant portion of revenue may expose the company to fluctuations in government spending and regulatory changes.
  • Competition in the software industry is intense, with the need for continuous innovation and adaptation to market trends to maintain a competitive edge.
  • Technological disruptions and cybersecurity threats could impact the company's operations and reputation, necessitating robust security measures and risk management strategies.
  • Market uncertainties and economic conditions may influence investor sentiment and stock performance, requiring a diversified investment portfolio for risk mitigation.

PLTR Stock Analysis - Frequently Asked Questions

Should I buy or sell Palantir Technologies stock right now?

11 Wall Street equities 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 and 3 buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024?

11 Wall Street research analysts have issued 12 month price objectives for Palantir Technologies' shares. Their PLTR share price targets range from $5.00 to $35.00. On average, they expect the company's share price to reach $18.21 in the next year. This suggests that the stock has a possible downside of 25.7%.
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 42.7% and is now trading at $24.50.
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 13th 2024.
View our PLTR earnings forecast
.

How were Palantir Technologies' earnings last quarter?

Palantir Technologies Inc. (NYSE:PLTR) announced its earnings results on Monday, February, 5th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by $0.01. The business had revenue of $608.35 million for the quarter, compared to analysts' expectations of $603.48 million. Palantir Technologies had a net margin of 9.43% and a trailing twelve-month return on equity of 6.17%.

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

Palantir Technologies issued an update on 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 initial public offering (IPO) 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.

Who are Palantir Technologies' major shareholders?

Palantir Technologies' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.91%), Vanguard Group Inc. (8.76%), Citadel Advisors LLC (0.00%), Sumitomo Mitsui Trust Holdings Inc. (0.58%), Legal & General Group Plc (0.54%) and Northern Trust Corp (0.52%). 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 3/28/2024 by MarketBeat.com Staff

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