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Followed 180 TimesTop FollowedLowest-Rated StocksLowest-RatedSearched 644 TimesTop Searched
NYSE:PLTR

Palantir Technologies (PLTR) Stock Price, News & Analysis

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Free PLTR Stock Alerts
$24.51
+0.91 (+3.86%)
(As of 02/8/2024 ET)
Compare
Today's Range
$23.32
▼
$25.06
50-Day Range
$15.98
▼
$23.61
52-Week Range
$7.19
▼
$25.06
Volume
212.05 million shs
Average Volume
75.34 million shs
Market Capitalization
$53.33 billion
P/E Ratio
272.36
Dividend Yield
N/A
Price Target
$15.25
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media

Palantir Technologies MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.93 Rating Score
Upside/​Downside
37.8% Downside
$15.25 Price Target
Short Interest
Healthy
4.71% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.68mentions of Palantir Technologies in the last 14 days
Based on 105 Articles This Week
Insider Trading
Selling Shares
$18.72 M Sold Last Quarter
Proj. Earnings Growth
40.00%
From $0.15 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.

2.11 out of 5 stars

Business Services Sector

183rd out of 303 stocks

Prepackaged Software Industry

128th out of 202 stocks

See Top Rated MarketRank™ Stocks Here
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

February 6, 2024 | marketbeat.com
Palantir stock pops 20% and continues to silence skeptics
Palantir stock gapped up 20% after a strong earnings report and improved guidance; history suggests a pullback is likely, but the company is quieting skeptics
January 27, 2024 | marketbeat.com
MarketBeat Week in Review: 1/22 - 1/26 (PLTR)
Markets continued to push to new all-time highs, setting the stage for big tech earnings, which will happen next week; here are the top stories from this week.
February 8, 2024 | The Oxford Club (Ad)
The AI Singularity Clock Is Ticking
The dot-com crash… the housing bubble… the COVID crash… but we’ve still never seen anything like what’s coming for artificial intelligence in as little as three months. It’s called the Singularity – and it refers to the exact millisecond when AI breaks free from its shackles to grow BILLIONS of times more powerful than humans.
January 26, 2024 | marketbeat.com
8 best meme stocks to buy now  (PLTR)
Meme stocks took the investing world by storm in 2021, but is it still beneficial to invest meme stocks now? Learn about the best meme stocks to buy now.
January 26, 2024 | marketbeat.com
Can Palantir overcome doubts amid triple-digit earnings growth?
Wall Street anticipates data-mining company Palantir to deliver robust Q4 earnings, but analysts have concerns about federal government revenue and AI overhype.
January 26, 2024 | marketbeat.com
AI growth propels semiconductor stocks to new highs (PLTR)
AI-driven demand catapults semiconductor stocks, propelled by Taiwan Semiconductor's stellar earnings, robust AI-related revenue, and upbeat forecast
February 8, 2024 | tmcnet.com
Palantir, Bapco Energies Enter Strategic Partnership to Support Bahrain's Energy Production
February 8, 2024 | msn.com
Palantir Partners With Bapco Upstream To Support Bahrain's Energy Sector
February 8, 2024 | Behind the Markets (Ad)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
February 8, 2024 | finance.yahoo.com
Palantir, Bapco Energies Enter Strategic Partnership to Support Bahrain’s Energy Production
February 8, 2024 | finance.yahoo.com
Did You Miss Palantir? Top Funds Bet This AI Peer Could Pop Next
February 8, 2024 | americanbankingnews.com
Palantir Technologies (NYSE:PLTR) Price Target Increased to $25.00 by Analysts at Raymond James
February 8, 2024 | americanbankingnews.com
Palantir Technologies (NYSE:PLTR) Price Target Increased to $18.00 by Analysts at Mizuho
February 8, 2024 | americanbankingnews.com
Palantir Technologies (NYSE:PLTR) Rating Increased to Hold at Jefferies Financial Group
February 8, 2024 | americanbankingnews.com
Palantir Technologies (NYSE:PLTR) Hits New 1-Year High on Analyst Upgrade
February 7, 2024 | finance.yahoo.com
Why Palantir (PLTR) Stock Is Trading Up Today
February 7, 2024 | seekingalpha.com
Earnings Analysis: Palantir's AI And Market Strategies Reshape Its Growth Curve
February 7, 2024 | seekingalpha.com
Palantir: This Is Just The Beginning
February 7, 2024 | markets.businessinsider.com
Sell Rating on Palantir Technologies Amid Overvaluation Concerns Despite Growth Prospects
February 7, 2024 | msn.com
Palantir Stock Continues To Climb: What's Going On?
February 7, 2024 | seekingalpha.com
Palantir: Q4 Earnings Supercharge The Bullish Case
February 7, 2024 | seekingalpha.com
Palantir Q4: This Rally Is Just Getting Started
February 7, 2024 | fxstreet.com
Palantir brings the wow factor, but should you chase PLTR stock now?
February 7, 2024 | fool.com
Is It Too Late to Buy Palantir Stock?
February 7, 2024 | americanbankingnews.com
Palantir Technologies (NYSE:PLTR) Receives Underperform Rating from Royal Bank of Canada
February 7, 2024 | americanbankingnews.com
Palantir Technologies (NYSE:PLTR) Upgraded to Neutral by Citigroup
February 7, 2024 | americanbankingnews.com
Palantir Technologies (NYSE:PLTR) Price Target Raised to $30.00 at Wedbush
See More Headlines
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Company Calendar

Last Earnings
2/13/2023
Today
2/08/2024
Next Earnings (Estimated)
5/13/2024
Fiscal Year End
12/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Business Services
Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NYSE:PLTR
CUSIP
N/A
CIK
1321655
Web
www.palantir.com
Phone
720-358-3679
Fax
N/A
Employees
3,838
Year Founded
2004

Price Target and Rating

Average Stock Price Target
$15.25
High Stock Price Target
$30.00
Low Stock Price Target
$5.00
Potential Upside/Downside
-38.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.93
Research Coverage
14 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$0.09
Trailing P/E Ratio
277.36
Forward P/E Ratio
166.40
P/E Growth
2.47
Net Income
$-373,700,000.00
Net Margins
9.43%
Pretax Margin
7.94%
Return on Equity
6.44%
Return on Assets
4.95%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
5.53
Quick Ratio
5.53

Sales & Book Value

Annual Sales
$2.23 billion
Price / Sales
24.41
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$1.26 per share
Price / Book
19.81

Miscellaneous

Outstanding Shares
2,175,990,000
Free Float
1,872,221,000
Market Cap
$54.31 billion
Optionable
Optionable
Beta
2.66

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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 Thursday, February 1, 2024 at 1:12 PM.

Pros

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

  • Palantir Technologies Inc. builds and deploys software platforms for the intelligence community in the United States, which could lead to potential government contracts and long-term partnerships.
  • Palantir Gotham, their software platform, enables users to identify patterns hidden deep within datasets, which can provide valuable insights for intelligence and counterterrorism operations.
  • Palantir Foundry, another platform offered by the company, creates a central operating system for data, allowing organizations to integrate and analyze data in one place, which can improve operational efficiency.
  • Palantir Apollo, their software, allows customers to deploy their own software virtually in any environment, providing flexibility and customization options.
  • Recent developments and partnerships indicate that Palantir Technologies Inc. is continuously innovating and expanding its product offerings, which could lead to future growth opportunities.

Cons

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

  • The stock price of Palantir Technologies Inc. can be volatile, which may pose risks for short-term investors.
  • The company's focus on the intelligence community in the United States may limit its market reach and potential customer base.
  • Competition in the prepackaged software industry is intense, and Palantir Technologies Inc. may face challenges in maintaining its market share.
  • Investing in Palantir Technologies Inc. requires a thorough understanding of the intelligence and counterterrorism industry, as well as the ability to assess the potential impact of geopolitical events on the company's operations.
  • While recent developments have been positive, investors should carefully evaluate the company's financial performance and growth prospects before making investment decisions.














PLTR Stock Analysis - Frequently Asked Questions

Should I buy or sell Palantir Technologies stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Palantir Technologies in the last year. There are currently 4 sell ratings, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 equities research analysts have issued twelve-month target prices for Palantir Technologies' stock. Their PLTR share price targets range from $5.00 to $30.00. On average, they predict the company's stock price to reach $15.25 in the next twelve months. This suggests that the stock has a possible downside of 37.8%.
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 2024. Since then, PLTR stock has increased by 42.7% and is now trading at $24.51.
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) issued its quarterly earnings results on Monday, February, 13th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. The firm had revenue of $508.62 million for the quarter, compared to analyst estimates of $504.84 million. Palantir Technologies had a trailing twelve-month return on equity of 6.44% and a net margin of 9.43%. The company's quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the company posted $0.02 earnings per share.

What ETFs hold Palantir Technologies' stock?

ETFs with the largest weight of Palantir Technologies (NYSE:PLTR) stock in their portfolio include Renaissance IPO ETF (IPO), VictoryShares Protect America ETF (SHLD), ProShares Big Data Refiners ETF (DAT), Northern Lights Fund Trust IV - Long Cramer Tracker ETF (LJIM), Pinnacle Focused Opportunities ETF (FCUS), Roundhill MEME ETF (MEME), Adaptiv Select ETF (ADPV) and SoFi Social 50 ETF (SFYF).

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?

(PLTR) raised $0 in an initial public offering 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 a number of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.58%), ARK Investment Management LLC (0.50%), Nikko Asset Management Americas Inc. (0.38%), Charles Schwab Investment Management Inc. (0.32%), Swiss National Bank (0.27%) and California Public Employees Retirement System (0.16%). 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.
Read More
This page (NYSE:PLTR) was last updated on 2/8/2024 by MarketBeat.com Staff

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