How to Buy Palantir Stock
Palantir Technologies Inc
Palantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally.
Palantir stock last closed at $76.34, up 6.22% from the previous day, and has increased 345.65% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 4.09 percentage points. Palantir stock is currently +387.36% from its 52-week low of $15.66, and -0.62% from its 52-week high of $76.82.
At the moment, there are 2.28B PLTR shares outstanding. The market value of PLTR is $173.90B. In the past 24 hours, 91.46M PLTR shares were traded.
How to Buy Palantir Stock
Not sure how to invest in Palantir stock? Here's how.
- 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.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Choose your method of payment and add your information.
- 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).
- 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.
- 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 NASDAQ market and buy PLTR stock.
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Open eToro AccountStep 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.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to create a new brokerage account.
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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.
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
Palantir Due Diligence 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 347x, relative to Software - Infrastructure industry P/E ratio of 45.85x
- PLTR could be overvalued based on its P/B ratio of 38.66x, relative to Software - Infrastructure industry P/B ratio of 12.29x
- PLTR could be overvalued based on its PEG ratio of 24.63x
You can do more valuation analysis on PLTR's stock here.
A look at PLTR Cashflows and Balance Sheet
Signs that PLTR is financially healthy:
- PLTR has a low debt to equity ratio of 0.26.
- There are more short-term assets than short-term liabilities on the PLTR balance sheet.
- PLTR earnings of $503.70M is not enough to cover its interest payments.
- PLTR's operating cash flow of $994.71M allows it to safely service it's debt of $254.92M.
- There are more short-term assets than long-term liabilities on the PLTR balance sheet.
- PLTR profit margin has gone up from 6.9% to 18% in the past year.
Is Palantir stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 13 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.
Most Recent PLTR Analyst Forecasts
Michael Latimore, a bottom 3% analyst from Northland Securities maintains PLTR with a hold rating and raises their PLTR price target from $35.00 to $38.00, on Nov 5, 2024.
Matthew Broome, a bottom 11% analyst from Mizuho maintains PLTR with a sell rating and raises their PLTR price target from $30.00 to $37.00, on Nov 5, 2024.
Mizuho's Matthew Broome raised their price target on Palantir (NYSE: PLTR) by 23.3% from $30 to $37 on 2024/11/05. The analyst maintained their Sell rating on the stock.
Palantir reported its Q3 2024 earnings.
Broome assessed the quarter as "very good."
The analyst argued that "there is no denying that Palantir deserves a premium valuation, but cautioned that "valuation cannot and should not be irrelevant."
Earnings Report
For Q3 2024, Palantir reported:
- EPS of $0.10, which beat the Zacks Consensus Estimate of $0.09 and Q3 2024's $0.07.
- Revenue of $725.52M, which beat the Zacks Consensus Estimate by 2.9% and Q3 2023's $558.16M.
Management guided:
For Q4 204:
- Revenue of $767M to $771M.
For FY 2024:
- Revenue of $2.805B to $2.809B.
Co-founder & CEO Alexander C. Karp commented: “We absolutely eviscerated this quarter, driven by unrelenting AI demand that won’t slow down.
"This is a U.S.-driven AI revolution that has taken full hold.
"The world will be divided between AI haves and have-nots.
"At Palantir, we plan to power the winners.”
Brian Gesuale, a top 6% analyst from Raymond James maintains PLTR with a buy rating and raises their PLTR price target from $25.00 to $30.00, on Aug 6, 2024.
Rishi Jaluria, a bottom 1% analyst from RBC Capital reiterates PLTR with a sell rating and maintains their PLTR price target from $9.00 to $9.00, on Aug 6, 2024.
Brad Zelnick, a top 13% analyst from Deutsche Bank maintains PLTR with a strong sell rating and raises their PLTR price target from $20.00 to $21.00, on Aug 6, 2024.
You can dive deeper into what analysts are forecasting on the Palantir stock forecast page.
PLTR Trading Indicators
How is PLTR performing as a company?
Last year, PLTR earnings were $476.57M. Over the last three year, PLTR's earnings have increased by 150.37% per year. This was faster than the Software - Infrastructure industry average of 27.76%.
Last year, PLTR revenue was $2.65B. In the past four year, PLTR's revenue has increased by 27.55% per year. This was faster than the Software - Infrastructure industry average of 18.26%.
You can analyze 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.
Shyam Sankar, Officer of PLTR, was the latest PLTR insider to sell. They sold $367,909,500.00 worth of PLTR stock on Dec 3, 2024.
Dig into more about who owns PLTR shares here.
Can I get consistent income from PLTR stock?
No, Palantir doesn't provide an income stream by paying out dividends.
What do other traders have to say about PLTR?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Execute your PLTR purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a particular dollar amount, place a limit order.
Press the Open Trade button and eToro will place the order.
If you want more info about investing in stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your PLTR investment
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.
PLTR Feed
How to Buy Stock in Palantir
To summarize, here are the 6 steps to buy stock in Palantir:
- Decide where to buy Palantir stock
- Create your brokerage account
- Put funds into your brokerage account
- Evaluate Palantir stock
- Execute your PLTR purchase
- Keep tabs on your PLTR investment
If you need a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Palantir, add PLTR to your watchlist below.
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