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NYSE:PLTR

Palantir Technologies (PLTR) Stock Price, News & Analysis

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$25.82
+0.80 (+3.20%)
(As of 06/18/2024 ET)
Compare
Today's Range
$24.83
▼
$26.03
50-Day Range
$20.48
▼
$25.82
52-Week Range
$13.56
▼
$27.50
Volume
53.70 million shs
Average Volume
57.59 million shs
Market Capitalization
$57.50 billion
P/E Ratio
215.18
Dividend Yield
N/A
Price Target
$21.25
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends

Palantir Technologies MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.93 Rating Score
Upside/​Downside
17.7% Downside
$21.25 Price Target
Short Interest
Healthy
3.37% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.67mentions of Palantir Technologies in the last 14 days
Based on 50 Articles This Week
Insider Trading
Selling Shares
$239.98 M Sold Last Quarter
Proj. Earnings Growth
37.50%
From $0.16 to $0.22 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.

1.89 out of 5 stars

Business Services Sector

212th out of 306 stocks

Prepackaged Software Industry

148th out of 198 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

June 15, 2024 | insidertrades.com
Palantir Technologies Inc. (NYSE:PLTR) Director Eric H. Woersching Sells 3,000 Shares
Financial markets news icon
June 15, 2024 | marketbeat.com
MarketBeat Week in Review – 6/10 - 6/14 (PLTR)
Markets pulled back to end the week, but investors are climbing the wall of worry despite higher-for-longer interest rates and lingering recession concerns
June 19, 2024 | Weiss Ratings (Ad)
[Urgent] Protect your money before November
Those who listened to his warnings could have kept their money safe and even made substantial profits during each crisis. In fact, the Wall Street Journal reported that his work was more accurate … and more profitable than that of … Deutsche Bank … Merrill Lynch … JPMorgan Chase … Goldman Sachs … and every other firm reviewed.
June 14, 2024 | insidertrades.com
Ryan D. Taylor Sells 593 Shares of Palantir Technologies Inc. (NYSE:PLTR) Stock
June 11, 2024 | insidertrades.com
Insider Selling: Palantir Technologies Inc. (NYSE:PLTR) Director Sells 20,422 Shares of Stock
June 11, 2024 | insidertrades.com
Palantir Technologies Inc. (NYSE:PLTR) Director Eric H. Woersching Sells 26,000 Shares
Palantir logo sign on building
June 10, 2024 | marketbeat.com
Palantir Was Left Out of the S&P 500; It Still Looks Like a Buy
Palantir Technologies Inc. NYSE: PLTR will not be one of the companies included in the S&P 500 Index. The announcement came on Friday, June 7, after the market closed.
Palantir logo sign on building
June 10, 2024 | marketbeat.com
Palantir Was Left Out of the S&P 500; It Still Looks Like a Buy
Palantir stock dropped about 2% after news that it will not be added to the S&P 500, but despite the short-term setback, PLTR is still a solid long-term buy
June 19, 2024 | Weiss Ratings (Ad)
[Urgent] Protect your money before November
Those who listened to his warnings could have kept their money safe and even made substantial profits during each crisis. In fact, the Wall Street Journal reported that his work was more accurate … and more profitable than that of … Deutsche Bank … Merrill Lynch … JPMorgan Chase … Goldman Sachs … and every other firm reviewed.
May 23, 2024 | insidertrades.com
Heather A. Planishek Sells 2,398 Shares of Palantir Technologies Inc. (NYSE:PLTR) Stock
June 18 at 3:01 PM | investorplace.com
Contrarian Plays: 3 Stocks to Buy When Analysts Say ‘Sell'
June 18 at 10:15 AM | fool.com
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June 18 at 9:54 AM | investorplace.com
The Hype Horror Show 3 Overvalued Stocks That Will Haunt Your Portfolio
June 18 at 6:25 AM | investorplace.com
Right Company, Wrong Price! Here's When You Should Buy Palantir Stock.
June 18 at 2:42 AM | americanbankingnews.com
Palantir Technologies (NYSE:PLTR) Now Covered by Argus
June 17 at 2:29 PM | investorplace.com
Why Argus Research Is Pounding the Table on Palantir (PLTR) Stock
June 17 at 12:28 PM | seekingalpha.com
Palantir: I Am More Optimistic (Ratings Upgrade)
June 17 at 10:30 AM | seekingalpha.com
Palantir: Why I'm Buying More Shares
June 17 at 9:19 AM | investorplace.com
The Contrarian's Delight: 3 Stocks Defying Analyst Expectations for Massive Gains
June 17 at 7:30 AM | fool.com
Palantir's Artificial Intelligence (AI) Platform Soars. Is This the Stock's Secret Weapon?
June 16 at 6:46 AM | americanbankingnews.com
Eric H. Woersching Sells 3,000 Shares of Palantir Technologies Inc. (NYSE:PLTR) Stock
June 16 at 4:40 AM | americanbankingnews.com
Palantir Technologies (NYSE:PLTR) Shares Down 0.5% After Insider Selling
June 16 at 3:35 AM | fool.com
2 Artificial Intelligence (AI) Stocks to Buy Now That Could Make You a Millionaire
June 15, 2024 | americanbankingnews.com
Palantir Technologies (NYSE:PLTR) Stock Price Down 1.8%
June 15, 2024 | investorplace.com
7 Must-Have Tech Stocks for Your 2024 Portfolio
June 15, 2024 | americanbankingnews.com
Palantir Technologies Inc. (NYSE:PLTR) Insider Sells $13,692.37 in Stock
June 15, 2024 | investorplace.com
Next Bull Run: 3 Stocks Set to Soar in the Coming Rally
See More Headlines
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Company Calendar

Last Earnings
5/06/2024
Today
6/18/2024
Next Earnings (Estimated)
8/05/2024
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
3,735
Year Founded
2004

Price Target and Rating

Average Stock Price Target
$21.25
High Stock Price Target
$35.00
Low Stock Price Target
$7.50
Potential Upside/Downside
-17.7%
Consensus Rating
Reduce
Rating Score (0-4)
1.93
Research Coverage
15 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$0.12
Trailing P/E Ratio
215.18
Forward P/E Ratio
161.38
P/E Growth
5.44
Net Income
$209.82 million
Net Margins
12.79%
Pretax Margin
14.01%
Return on Equity
8.28%
Return on Assets
6.50%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
5.91
Quick Ratio
5.91

Sales & Book Value

Annual Sales
$2.23 billion
Price / Sales
25.84
Cash Flow
$0.10 per share
Price / Cash Flow
246.82
Book Value
$1.62 per share
Price / Book
15.94

Miscellaneous

Outstanding Shares
2,226,900,000
Free Float
1,938,958,000
Market Cap
$57.50 billion
Optionable
Optionable
Beta
2.70

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Should I Buy Palantir Technologies Stock? PLTR Pros and Cons Explained

Pros

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

  • Palantir Technologies has shown consistent growth in revenue and has a strong market presence in the intelligence community, which could lead to sustained profitability.
  • The company's recent quarterly earnings report met analysts' consensus estimates, indicating stability in financial performance.
  • With a diverse range of institutional investors and hedge funds showing interest in Palantir Technologies, it reflects confidence in the company's future prospects.
  • Analysts have set new price targets for Palantir Technologies, with some raising their ratings and price targets, suggesting positive sentiment towards the stock.
  • Despite recent insider selling, the stock price has remained relatively stable, presenting a potential buying opportunity for investors.

Cons

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

  • Palantir Technologies has a high price-to-earnings ratio of 176.50, which may indicate the stock is overvalued compared to industry peers.
  • The company's price-to-earnings growth ratio of 4.86 suggests that the stock may be considered expensive relative to its earnings growth potential.
  • Insiders have been selling significant amounts of company stock in recent months, which could signal lack of confidence in future performance.
  • While analysts have set price targets, the stock has not consistently met these targets, indicating potential volatility in share price.
  • Palantir Technologies' beta of 2.76 indicates higher volatility compared to the market average, which may pose risks for investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, June 5, 2024. Please send any questions or comments about these Palantir Technologies pros and cons to contact@marketbeat.com.

PLTR Stock Analysis - Frequently Asked Questions

Should I buy or sell Palantir Technologies stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Palantir Technologies in the last year. There are currently 5 sell ratings, 6 hold ratings and 4 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?

15 brokerages have issued 1 year price objectives for Palantir Technologies' stock. Their PLTR share price targets range from $7.50 to $35.00. On average, they expect the company's share price to reach $21.25 in the next twelve months. This suggests that the stock has a possible downside of 17.7%.
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 on January 1st, 2024. Since then, PLTR stock has increased by 50.4% and is now trading at $25.82.
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, August 5th 2024.
View our PLTR earnings forecast.

How were Palantir Technologies' earnings last quarter?

Palantir Technologies Inc. (NYSE:PLTR) released its earnings results on Monday, May, 6th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The firm earned $634.34 million during the quarter, compared to analyst estimates of $614.88 million. Palantir Technologies had a trailing twelve-month return on equity of 8.28% and a net margin of 12.79%.

What ETFs hold Palantir Technologies' stock?

ETFs with the largest weight of Palantir Technologies (NYSE:PLTR) stock in their portfolio include ProShares Big Data Refiners ETF (DAT), Northern Lights Fund Trust IV - Long Cramer Tracker ETF (LJIM), Global X Defense Tech ETF (SHLD), SoFi Social 50 ETF (SFYF), Roundhill MEME ETF (MEME), Direxion Daily AI and Big Data Bull 2X Shares (AIBU), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO) and ARK Innovation ETF (ARKK).

What guidance has Palantir Technologies issued on next quarter's earnings?

Palantir Technologies updated its second quarter 2024 earnings guidance on Monday, May, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $649.0 million-$653.0 million, compared to the consensus revenue estimate of $653.3 million.

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?

Palantir Technologies (PLTR) raised $0 in an initial public offering (IPO) on Wednesday, September 30th 2020. The company issued 257,100,000 shares at $0.00 per share. None acted as the underwriter for the IPO.

Who are Palantir Technologies' major shareholders?

Palantir Technologies' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.90%), Sumitomo Mitsui Trust Holdings Inc. (0.66%), Nikko Asset Management Americas Inc. (0.44%), Jane Street Group LLC (0.00%), Bank of New York Mellon Corp (0.32%) and Twin Tree Management LP (0.00%). 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 6/19/2024 by MarketBeat.com Staff

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