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 $19.71, up 3.3% from the previous day, and has increased 175.28% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 1.43 percentage points. Palantir stock is currently +237.5% from its 52-week low of $5.84, and -9.79% from its 52-week high of $21.85.
At the moment, there are 2.18B PLTR shares outstanding. The market value of PLTR is $42.89B. In the past 24 hours, 53.92M PLTR shares were traded.
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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.
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.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge PLTR's true value.
Using relative valuations metrics:
You can do more valuation analysis on PLTR's stock here.
Out of 12 sell side analysts who give forecasts on PLTR, the consensus analyst rating on Palantir is a Hold
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
Tyler Radke, a top 13% analyst from Citigroup maintains PLTR with a strong sell rating and raises their PLTR price target from $6.00 to $10.00, on Aug 8, 2023.
Alex Zukin, a top 3% analyst from Wolfe Research maintains PLTR with a sell rating and raises their PLTR price target from $6.00 to $7.50, on Aug 8, 2023.
Wolfe Research's Alex Zukin raised their price target on Palantir (NYSE: PLTR) by 25% from $6 to $7.5 on 2023/08/08. The analyst maintained their Sell rating on the stock.
2023/08/07's Q2 2023 earnings report delivered "smaller top and bottom line beats as management modestly raised FY 2023 margin estimates," Zukin summarized.
Looking ahead, Wolfe Research expects key metrics, including Commercial and Government revenue, to continue to deteriorate, the analyst said, "as other forward-looking key performance indications are showing only moderating growth."
For Q2 2023, Palantir reported:
For Q3 20023:
For FY 2023:
CEO Alex Karp said in the Letter to Shareholders: "The scale of the opportunity in front of us has never been more significant.
"We announced the release of our Artificial Intelligence Platform (AIP), which allows large language models to operate within the confines of the enterprise and on privately held data, less than three months ago.
"The platform already has users across more than one hundred organizations, including some of the largest enterprises in the world from the healthcare, finance, automotive, and energy sectors.
"We expect to remain profitable on both a quarterly and annual basis this year.
"As a result, we anticipate that we will become eligible for inclusion in the S&P 500 after we report our financial results for Q3 2023 in early 2023/11.
"At that point, we will have been profitable on a cumulative basis over the preceding four quarters."
Matthew Broome, a top 21% analyst from Mizuho maintains PLTR with a hold rating and raises their PLTR price target from $14.00 to $16.00, on Aug 8, 2023.
Brian Gesuale, a top 7% analyst from Raymond James maintains PLTR with a buy rating and raises their PLTR price target from $18.00 to $22.00, on Aug 8, 2023.
Mariana Perez, a top 35% analyst from Bank of America maintains PLTR with a strong buy rating and raises their PLTR price target from $13.00 to $18.00, on Jun 12, 2023.
You can dive deeper into what analysts are forecasting on the Palantir stock forecast page.
Last year, PLTR earnings were $147.31M. Over the last two year, PLTR's earnings have increased by 18.32% per year. This was slower than the Software - Infrastructure industry average of 29.23%.
Last year, PLTR revenue was $2.13B. In the past three year, PLTR's revenue has increased by 104.02% per year. This was faster than the Software - Infrastructure industry average of 17.21%.
You can analyze PLTR's earnings and revenue performance here.
Over the past year, executives and large shareholders at PLTR have sold more shares than they have bought.
David A. Glazer, Officer of PLTR, was the latest PLTR insider to sell. They sold $10,196.00 worth of PLTR stock on Nov 22, 2023.
Dig into more about who owns PLTR shares here.
No, Palantir doesn't provide an income stream by paying out dividends.
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Now that you own some shares in PLTR, you'll want to keep up with your new company.
Make a watchlist to track your PLTR stock.
To summarize, here are the 6 steps to buy stock in Palantir:
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