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.
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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 access more valuation research on PLTR's stock here.
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.
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.
Palantir reported:
For Q4 2023:
For FY 2023:
Management guided:
For Q1 2024:
For FY 2024:
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.
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.
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.
No, Palantir doesn't provide an income stream by paying out dividends.
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To reiterate, here are the 6 steps to buy Palantir stock:
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