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. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. It also offers Palantir Foundry, a platform that transforms the ways organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides Palantir Apollo, a software that delivers software and updates across the business, as well as enables customers to deploy their software virtually in any environment; and Palantir Artificial Intelligence Platform (AIP) that provides unified access to open-source, self-hosted, and commercial large language models (LLM) that can transform structured and unstructured data into LLM-understandable objects and can turn organizations' actions and processes into tools for humans and LLM-driven agents. The company was incorporated in 2003 and is headquartered in Denver, Colorado.
In the current month, PLTR has received 6 Buy Ratings, 8 Hold Ratings, and 7 Sell Ratings. PLTR average Analyst price target in the past 3 months is $22.55.
The 14 analysts with 12-month price forecasts for Palantir stock have an average target of 21.32, with a low estimate of 7.50 and a high estimate of 35. The average target predicts a decrease of -25.40% from the current stock price of 28.58.
The Palantir Technologies stock prediction for 2025 is currently $ 40.05, assuming that Palantir Technologies shares will continue growing at the average yearly rate as they did in the last 10 years. This would represent a 40.12% increase in the PLTR stock price.
Analysts tracking Palantir expect adjusted earnings per share to rise from $0.25 in 2023 to $0.33 in 2024. So, priced at 75x forward earnings, PLTR stock is quite expensive.
Considering the points discussed above, it is not surprising to see that analysts expect Palantir to clock annualized earnings growth of 85% over the next five years. If that prediction is borne out, its earnings could rise from 2023's $0.25 per share to $5.42 per share after five years.
As of 2024-07-19, the Fair Value of Palantir Technologies Inc (PLTR) is 3.35 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 28.64 USD, the upside of Palantir Technologies Inc is -88.3%.
The ownership structure of Palantir Technologies (PLTR) stock is a mix of institutional, retail and individual investors. Approximately 26.08% of the company's stock is owned by Institutional Investors, 2.31% is owned by Insiders and 71.61% is owned by Public Companies and Individual Investors.
Palantir Technologies Inc. is a public American company that specializes in software platforms for big data analytics. Headquartered in Denver, Colorado, it was founded by Peter Thiel, Nathan Gettings, Joe Lonsdale, Stephen Cohen, and Alex Karp in 2003.
Is Palantir stock a Buy, Sell or Hold? Palantir stock has received a consensus rating of hold. The average rating score is and is based on 13 buy ratings, 24 hold ratings, and 21 sell ratings.
Palantir Technologies annual revenue for 2023 was $2.225B, a 16.75% increase from 2022. Palantir Technologies annual revenue for 2022 was $1.906B, a 23.61% increase from 2021. Palantir Technologies annual revenue for 2021 was $1.542B, a 41.11% increase from 2020.
Palantir Technologies' growth is likely to accelerate thanks to the fast-growing adoption of its AI software platform. Analysts expect a big increase in its earnings over the next five years. Palantir's PEG ratio suggests the stock could be undervalued for the growth it is expected to deliver.
The stock declined 21% through the end of August before recovering. If Palantir beats EPS and revenue estimates for first-quarter 2024, it should likely result in a PLTR stock rally post earnings, if history is any guide. However, it may not be absolutely necessary to buy PLTR ahead of first-quarter earnings.
It is bringing customers into the fold first, where it can cross-sell to them and build multiple streams of revenue. It's a smarter, more farsighted strategy for long-term growth. It's also why I don't see Palantir stock hitting $100 a share in eight years.
Is Palantir a good long-term investment? Palantir's U.S. commercial business and demand for its AI Platform would be the long-term growth drivers for the PLTR stock. A possible inclusion in the S&P 500 index could position PLTR on the radar of institutional investors.
Address: Apt. 203 613 Huels Gateway, Ralphtown, LA 40204
Phone: +2135150832870
Job: Regional Design Producer
Hobby: Nordic skating, Lacemaking, Mountain biking, Rowing, Gardening, Water sports, role-playing games
Introduction: My name is Fredrick Kertzmann, I am a gleaming, encouraging, inexpensive, thankful, tender, quaint, precious person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
