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How to Buy Palantir Stock

Palantir Technologies Inc

Palantir is a software infrastructure company located in Colorado, United States, which is part of the Technology sector, and is traded under the ticker PLTR on the NYSE exchange.

Palantir stock last closed at $24.51, down 1.53% from the previous day, and has increased 204.85% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 1.82 percentage points. Palantir stock is currently +236.68% from its 52-week low of $7.28, and -10.87% from its 52-week high of $27.50.

At the moment, there are 2.21B PLTR shares outstanding. The market value of PLTR is $54.23B. In the past 24 hours, 38.11M PLTR shares were traded.

How to Buy Palantir Stock

Not sure how to invest in Palantir stock? Here's how.
  1. Decide where to buy Palantir stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you decide where to buy Palantir stock.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Put funds into your brokerage account: Choose your method of payment and add your information.
  4. Evaluate Palantir stock: The Palantir ticker symbol is PLTR. Is Palantir stock a good investment? Should you buy shares of PLTR? How do PLTR's underlying business fundamentals look? Do top analysts think Palantir is a good buy? Why has PLTR's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if PLTR is a good stock to buy).
  5. Execute your PLTR purchase: Decide if you will purchase PLTR shares at the current market price or use a limit order to buy PLTR shares at a particular price.
  6. Keep tabs on your PLTR investment: Create a watchlist to key updates about your investment in Palantir shares.

Step 1: Decide where to buy Palantir stock

You need a brokerage account to access the NYSE market and buy PLTR stock.

A brokerage account allows you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've selected the best brokerage, the next step is to fill out some personal details so you can invest in PLTR stock today.

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Step 3: Put funds into your brokerage account

Now that you've created your account on the best stock investing app, your next step is to transfer the money for your investment:

Watch this video walkthrough if you need help transferring money into your new brokerage account.

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Step 4: Evaluate Palantir stock

After you have decided on the best place to buy Palantir stock, it's important to analyze their stock before you invest, so you can understand the risk and opportunity.

Palantir stock data

PLTR Price
$24.51
1w %
-0.24%
1y %
204.85%
5y %
N/A
P/E
245.1x
P/B
15.6x
P/S
23.66x
PEG
N/A
Revenue
$2.23B
Earnings
$209.83M
Fore. Rev. Growth
20.56%
Fore. Earn. Growth
N/A
Market Cap
$54.23B
Next Earnings
May 6, 2024
Next Dividend
N/A

Palantir Zen Score

WallStreetZen was built to help part-time investors do more in-depth fundamental analysis.

You can see all of the due diligence checks on PLTR's stock page.

Is PLTR stock undervalued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge PLTR's true value.

Using relative valuations metrics:

  • PLTR may be overvalued based on its P/E ratio of 245.1x, relative to Software - Infrastructure industry P/E ratio of 88.3x
  • PLTR could be overvalued based on its P/B ratio of 15.6x, relative to Software - Infrastructure industry P/B ratio of 12.28x

You can access more valuation research on PLTR's stock here.

PLTR Financial Health Summary

Signs that PLTR is financially healthy:

  • There are more short-term assets than long-term liabilities on the PLTR balance sheet.
  • PLTR has a low debt to equity ratio of 0.28.
  • There are more short-term assets than short-term liabilities on the PLTR balance sheet.
  • PLTR earnings of $233.01M is not enough to cover its interest payments.
  • PLTR's operating cash flow of $712.18M allows it to safely service it's debt of $229.39M.
  • Total PLTR debt is lower than 5 years ago, relative to shareholder equity.
  • PLTR profit margin has gone up from -19.6% to 9.4% in the past year.

Is Palantir stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 7 sell side analysts who give forecasts on PLTR, the consensus analyst rating on Palantir is a Buy

Please note that analyst ratings are not stock recommendations, nor are they financial advice.

Most Recent PLTR Analyst Forecasts

Tyler Radke, a top 9% analyst from Citigroup upgrades PLTR to a hold rating and raises their PLTR price target from $10.00 to $20.00, on Feb 6, 2024.

Citigroup's Tyler Radke upgraded their rating on Palantir (NYSE: PLTR) from Strong Sell to Hold on 2024/02/06. The analyst also raised their price target by 100% from $10 to $20.

In an assessment of Palantir's 2024/02/05-dated Q4 and FY 2023 print, Radke said a more robust than anticipated quarterly result and management's guidance hinted at "some breakthrough momentum" in the company's commercial division.

The analyst reported that Citigroup anticipates a 55% increase in 2024's free cash flow from Palantir, which the firm expects to be accompanied by much-improved profitability.

Even following the post-print 17% increase in the price of the stock, the "combination [stronger free cash flow and an improving bottom line] still yields a more palatable relative valuation," Radke noted.

Earnings Report

Palantir reported:

For Q4 2023:

  • EPS of $0.08, which was in line with the Zacks Consensus Estimate but beat, by 100%, Q4 2022’s $0.04.
  • Revenue of $608.35M, which beat the Zacks Consensus Estimate by 0.81% and, by 20%, Q4 2022’s $508.62M. 
  • Operating income of $209M.

For FY 2023:

  • EPS of $0.25, up 316.7% Y/Y.
  • Revenue of $2.23B, up 17% Y/Y.
  • Operating income of $633M.
  • Free cash flow of $731M.

Management guided:

For Q1 2024:

  • Revenue of $612M to $616M.
  • Operating income of $196M to $200M.

For FY 2024:

  • Revenue of $2.652B to $2.668B.
  • Operating income of $834M to $850M.
  • Free cash flow of $800M to $1B.

CEO Alexander Karp commented in their Investors Annual Letter: “Our expansion and growth, as both a company and as an organization, have never been greater.

“Our U.S. commercial business continues to be a significant driver of our growth, a trend that we expect to continue. 

“We now anticipate that our U.S. commercial revenue will exceed $640M in 2024, representing a growth rate of at least 40% from last year.

“We remain committed to building a business that will survive and thrive in any type of macroeconomic environment. 

“Our company was built for the world as it is, not as we hope it might be.  And that world has proven to be far more disjointed and dangerous than many would have predicted.

“As a result, we remain one of the few companies from Silicon Valley whose interests, both financial and geopolitical, remain fundamentally aligned with the American and global publics.”

Brent Thill, a top 2% analyst from Jefferies upgrades PLTR to a hold rating and raises their PLTR price target from $13.00 to $22.00, on Feb 6, 2024.

You can dive deeper into what analysts are forecasting on the Palantir stock forecast page.

PLTR Trading Indicators

SMA10
24.29
SMA20
24.72
SMA50
22.24
SMA100
20.23
SMA200
18.08
MACD
0.46
MACD Signal
0.66
MACD Histogram
-0.2
RSI
53.73
Stochastic %K
38.07
Stochastic %D
35.1
StochRSI %K
31.89
StochRSI %D
28.01

How is PLTR performing as a company?

Last year, PLTR revenue was $2.23B. Over the last five year, PLTR's revenue has increased by 30.17% per year. This was faster than the Software - Infrastructure industry average of 17.21%.

Dig into PLTR's earnings and revenue performance here.

Who is buying/selling PLTR?

Over the past year, executives and large shareholders at PLTR have sold more shares than they have bought.

Lauren Elaina Friedman Stat, Director of PLTR, was the latest PLTR insider to sell. They sold $142,098.00 worth of PLTR shares on Mar 15, 2024.

Learn more about who owns PLTR stock here.

Does PLTR stock generate passive income?

No, Palantir doesn't provide an income stream by paying out dividends.

What do other investors have to say about PLTR?

One of the major reasons eToro is our favorite brokerage is because of its social trading community.

Click below to see what other investors have to say.

Step 5: Execute your PLTR purchase

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are mostly sufficient.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a specific price, use a limit order.

Press the Open button and your broker will place the order.

If you need additional help with investing in stocks on eToro, watch the how to video below:

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Step 6: Keep tabs on your PLTR investment

Now that you own some PLTR stock, you'll want to keep up with your company.

Make a watchlist to see the latest developments about your PLTR stock.

PLTR Feed

How to Buy Stock in Palantir

To reiterate, here are the 6 steps to buy Palantir stock:

  1. Decide where to buy Palantir stock
  2. Create your brokerage account
  3. Put funds into your brokerage account
  4. Evaluate Palantir stock
  5. Execute your PLTR purchase
  6. Keep tabs on your PLTR investment

If you are looking for a brokerage, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get updates on your new investment in Palantir, add PLTR to your watchlist by clicking the button below.

NYSE: PLTR
$24.51-0.38 (-1.53%)
Updated Mar 27, 2024
Open eToro Account
NYSE: PLTR
$24.51-0.38 (-1.53%)
Updated Mar 27, 2024
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FAQ

How much does it cost to buy one Palantir share?

As of Mar 27, 2024, it costs $24.51 to buy one share of Palantir stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.408 shares of PLTR.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Palantir stock?

According to 7 Wall Street analysts who monitor Palantir, their consensus recommendation is to buy Palantir stock.

What is the best way to buy Palantir stock?

One way to place an order for Palantir stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.