Palantir Technologies Inc

Palantir Technologies Inc Stock Forecast & Price Prediction

Live Palantir Technologies Inc Stock (PLTR) Price
$60.24

2

Ratings

  • Buy 0
  • Hold 0
  • Sell 2
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$60.24

P/E Ratio

301.20

Volume Traded Today

$107.8M

Dividend

Dividends not available for PLTR

52 Week High/low

62.08/15.66

Palantir Technologies Inc Market Cap

$137.23B

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PLTR Summary

From what 2 stock analysts predict, the share price for Palantir Technologies Inc (PLTR) might decrease by 37.32% in the next year. This is based on a 12-month average estimation for PLTR. Price targets go from $11 to $57. The majority of stock analysts believe PLTR is a sell. Please note analyst price targets are not guaranteed and could be missed completely.

PLTR Analyst Ratings

About 2 Wall Street analysts have assignedPLTR 0 buy ratings, 0 hold ratings, and 2 sell ratings. This means that analysts expect Palantir Technologies Inc to sell. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on PLTR. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

PLTR stock forecast by analyst

These are the latest 20 analyst ratings of PLTR.

Analyst/Firm

Rating

Price Target

Change

Date

Gabriela Borges
Goldman Sachs

Neutral

$41

Maintains

Nov 7, 2024
Joseph Bonner
Argus Research

Hold


Downgrade

Nov 7, 2024
Brent Thill
Jefferies

Underperform

$28

Downgrade

Nov 7, 2024
Gil Luria
DA Davidson

Neutral

$47

Maintains

Nov 5, 2024
Michael Latimore
Northland Capital Markets

Market Perform

$38

Maintains

Nov 5, 2024
Matthew Broome
Mizuho

Underperform

$37

Maintains

Nov 5, 2024
Matthew Broome
Mizuho

Underperform

$30

Maintains

Oct 17, 2024
Daniel Ives
Wedbush

Outperform

$45

Maintains

Sep 26, 2024
Brian Gesuale
Raymond James

Market Perform


Downgrade

Sep 23, 2024
Mariana Perez
B of A Securities

Buy

$50

Maintains

Sep 10, 2024
Daniel Ives
Wedbush

Outperform

$38

Reiterates

Sep 9, 2024
Michael Latimore
Northland Capital Markets

Market Perform

$35

Initiates

Aug 22, 2024
Gabriela Borges
Goldman Sachs

Neutral

$16

Maintains

Aug 7, 2024
Rishi Jaluria
RBC Capital

Underperform

$9

Reiterates

Aug 6, 2024
Brian Gesuale
Raymond James

Outperform

$30

Maintains

Aug 6, 2024
Gil Luria
DA Davidson

Neutral

$28

Maintains

Aug 6, 2024
Brad Zelnick
Deutsche Bank

Sell

$21

Maintains

Aug 6, 2024
Daniel Ives
Wedbush

Outperform

$35

Reiterates

Aug 2, 2024
Tyler Radke
Citigroup

Neutral

$28

Maintains

Jul 30, 2024
Brent Thill
Jefferies

Hold

$28

Maintains

Jul 29, 2024

PLTR Company Information

What They Do: Develops software for intelligence and data analysis.

Business Model: The company generates revenue by providing advanced software platforms tailored for government and commercial clients, particularly in the intelligence and defense sectors. Its products, such as Palantir Gotham and Palantir Foundry, offer extensive data integration and analysis capabilities, which help organizations to uncover insights and enhance operational efficiency.

Other Information: Founded in 2003 and headquartered in Denver, Colorado, Palantir Technologies focuses on counterterrorism and data-driven decision-making. It also offers continuous software deployment through Palantir Apollo and incorporates advanced AI capabilities with its Artificial Intelligence Platform, positioning itself as a leader in the data analytics industry.
PLTR
Palantir Technologies Inc (PLTR)

When did it IPO

2020

Staff Count

3,661

Country

United States

Sector/Industry

Technology/Softwareโ€”Infrastructure

CEO

Dr. Alexander C. Karp

Market Cap

$137.23B

Palantir Technologies Inc (PLTR) Financial Data

In 2023, PLTR generated $2.23B in revenue, which was a increase of 16.75% from the previous year. This can be seen as a signal that PLTR's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$1.09B

Revenue From 2021

$1.54B

41.11 %
From Previous Year

Revenue From 2022

$1.91B

23.61 %
From Previous Year

Revenue From 2023

$2.23B

16.75 %
From Previous Year
  • Revenue TTM $2.65B
  • Operating Margin TTM 15.6%
  • Gross profit TTM $1.79B
  • Return on assets TTM 4.6%
  • Return on equity TTM 12.4%
  • Profit Margin 18.0%
  • Book Value Per Share 1.98%
  • Market capitalisation $137.23B
  • Revenue for 2021 $1.54B
  • Revenue for 2022 $1.91B
  • Revenue for 2023 $2.23B
  • EPS this year (TTM) $0.20

Palantir Technologies Inc (PLTR) Latest News

News Image

Mon, 11 Nov 2024

Sentiment - POSITIVE

Source - 24/7 Wall Street

Summary - The data services market is projected to grow from $220.2 billion in 2023 to $401.2 billion by 2028, marking an 82.2% increase, according to Edge Delta.

Why It Matters - The projected 82.2% growth in the data services market indicates strong demand, signaling potential investment opportunities in tech companies and platforms focused on big data solutions.

News Image

Mon, 11 Nov 2024

Sentiment - POSITIVE

Source - The Motley Fool

Summary - Palantir's stock surged after its latest quarterly report, raising questions about its ability to maintain this momentum in the upcoming year.

Why It Matters - Palantir's stock surge indicates strong quarterly performance, raising questions about future growth potential and sustainability, which directly impacts investor confidence and decisions.

News Image

Mon, 11 Nov 2024

Sentiment - POSITIVE

Source - The Motley Fool

Summary - A high-growth company is gaining recognition in the artificial intelligence market, indicating potential investment opportunities in this sector.

Why It Matters - A high-growth company entering the AI market signals potential for significant returns and increased competition, influencing stock prices and investment strategies.

News Image

Mon, 11 Nov 2024

Sentiment - POSITIVE

Source - The Motley Fool

Summary - Dan Ives (Wedbush Securities) and Mariana Perez Mora (Bank of America) express optimism for Palantir stock, indicating positive outlooks from financial analysts.

Why It Matters - Positive analyst outlooks on Palantir stock suggest potential for price appreciation, indicating strong investor confidence and possible upward momentum in the market.

News Image

Tue, 12 Nov 2024

Sentiment - NEUTRAL

Source - CNBC Television

Summary - Mike Gallagher, head of defense at Palantir, discussed President-elect Trump's appointees, geopolitical threats, and Pentagon reforms in an interview on 'Squawk Box.'

Why It Matters - Gallagher's insights on Trump's appointees and Pentagon reforms may signal shifts in defense spending and policy, impacting defense stocks and overall market sentiment.

News Image

Tue, 12 Nov 2024

Sentiment - POSITIVE

Source - The Motley Fool

Summary - The AI-driven software company possesses several standout qualities that differentiate it from competitors, including leading firms like Nvidia.

Why It Matters - The company's unique qualities may indicate strong growth potential and competitive advantage, attracting investor interest and potentially boosting stock performance.

...

PLTR Frequently asked questions

The highest forecasted price for PLTR is $57 from at .

The lowest forecasted price for PLTR is $11 from Brad Zelnick from Deutsche Bank

The PLTR analyst ratings consensus are 0 buy ratings, 0 hold ratings, and 2 sell ratings.