Palantir Technologies PLTR Stock Price, News & Analysis

These companies are benefiting from the tailwind of rapidly expanding markets. There are better AI alternatives out there than the audio technology upstart. This Vanguard growth fund is home to some of the world’s most innovative companies. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. We’d like to share more about how we work and what drives our day-to-day business.

Palantir Technologies

Costs for sales and marketing and research and development dropped, allowing Palantir to narrow its net loss to $164.7 million from $280.5 million. The customer also has rigorous protocols established to protect search warrant returns, which, in this case, the end-user did not follow. One of the most appealing aspects of Palantir is the company’s consistent profitability.

NYSE: PLTRPalantir Technologies Inc Stock

Since then, PLTR stock has increased by 31.2% and is now trading at $22.52. 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 https://forexbroker-listing.com/ 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.

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But what stood out to me is that some of these companies will be spending close to double the amount Palantir has invested in them on Palantir’s Foundry platform. Palantir Gotham was used by cyber analysts at Information Warfare Monitor, a Canadian public-private venture which operated from 2003 to 2012. It is far more important to spend time in the market as opposed to trying to time the market perfectly. Moreover, consistently doubling down on winners over time and building high-conviction positions in your portfolio is also a proven strategy to generating robust returns. The last couple of years have been pretty volatile for the software market.

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Something catastrophic would have to happen for it to fall to such a modest valuation. The question becomes a matter of how much of a premium is justifiable. Palantir now sells its two platforms, Gotham for government clients and Foundry for the private sector, charging fixed fees with maintenance costs. The challenge for Palantir is to convince investors that it’s more of a high-growth tech company than a low-margin consulting services firm.

In addition, gross margin improved, and the company continued to generate positive free cash flow. Looking ahead, the company raised full-year guidance for revenue and adjusted operating income, which exceeded Wall Street’s expectations. Revenue guidance for the next quarter came in inline with expectations. Lastly, management noted that Palantir is now eligible for inclusion in the S&P 500. The S&P 500 is a widely followed index that tracks the performance of the 500 largest companies in the United States. Being included in the index means that Palantir will likely be held by many mutual funds and ETFs, which could potentially drive up demand for the stock.

We believe Palantir is well placed for long-term success as a leader in artificial intelligence/machine learning platforms. Its two main platforms, Gotham and Foundry, are well suited to help governments and commercial clients harness the power of data. Palantir’s platforms stand to materially benefit as organizations seek to expand their use of data to inform business decisions. We expect this secular tailwind to allow the company to land more clients while also expanding revenue from existing ones.

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.

Here Palantir’s valuation is right in the middle of the pack, suggesting that its price is fair compared to the prices of other comparable stocks. The company also produced record net income, marking its fifth successive quarter of profits under generally accepted accounting principles (GAAP). Shares of Palantir Technologies (PLTR 3.73%) charged sharply higher this week, soaring as much as 47.5%, according to data supplied by S&P Global Market Intelligence.

In recent years, private investors turned bearish on the company, with many large funds marking down the price internally as growth lagged and costs soared. Based on an average share price transaction in the latest quarter of $6.45, investors are valuing the company at just over $10.5 billion. Palantir Technologies (PLTR 3.73%) is a data analytics platform that sells software to the U.S. government and its Western allies as well as commercial enterprises. Some of the most lucrative investments in modern history are thanks to technology. With artificial intelligence (AI) fueling excitement across the tech sector right now, investors are surely wondering if they should get in on the action. More importantly, you may be asking yourself what companies are emerging as true leaders in AI.

Palantir has responded that its software is not used to facilitate deportations. In a statement provided to the New York Times,[117] the firm implied that because its contract was with HSI, a division of ICE focused on investigating criminal activities, it played no role in deportations. However, documents obtained by The Intercept[84] show that this is not the case. According to these documents, Palantir’s ICM software is considered ‘mission critical’ to ICE.

It’s not an easy-to-use application that employees try out with a small team and then convince their colleagues to adopt. Rather, Palantir describes its technology as the “central operating system” that companies use for their data. Palantir says the rapid margin improvement has come from its ability to deploy the technology faster, requiring less physical work and hand-holding, and by getting existing customers to increase their spending over time. “We’re exclusively deploying these two software platforms across all our customers,” Glazer said. In July, Palantir raised $410.5 million by selling shares at $4.75 a piece, according to the filing, which comes out to a valuation of about $7.8 billion.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Palantir has strong secular tailwinds as the AI/ML market is expected to grow rapidly due to the exponential increase in data harvested by organizations. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Ark, which prides itself as an investor in disruptive innovation, increased its holdings of two AI plays and also resumed purchases of a Chinese EV stock. The Motley Fool has positions in and recommends Cloudflare, CrowdStrike, Palantir Technologies, and Snowflake.

Given how much Palantir stock has run over the last year, it’s natural for investors to have some trepidation about buying in now at a premium valuation. When assessing any investment opportunity, it’s always important to zoom out and think about the bigger picture. Investors who bought $1,000 worth of Palantir’s shares at the IPO in September 2020 would now be looking at an investment worth $2,260. Palantir’s shares are very volatile and over the last year have had 48 moves greater than 5%. In context of that, today’s move is indicating the market considers this news meaningful but not something that would fundamentally change its perception of the business.

Wedbush analyst Dan Ives increased his price target to a Street-high $30, which implies upside of 23% — above and beyond this week’s stellar move. Ives seemed to capture the prevailing mood, citing the “off-the-charts commercial success” of Palantir’s Artificial Intelligence Platform (AIP) and the “eye-popping” 70% growth of its U.S. commercial business. Shortly after Palantir released its results, Wall Street analysts rushed to update their financial models, resulting in a cascade of price targets and two upgrades. For the coming year, Palantir is guiding for revenue to climb 20% year over year to $2.66 billion at the midpoint of its guidance.

But right now there doesn’t appear to be a huge influx of orders that signal to management a much faster growth rate ahead. 12 brokerages have issued 1 year target prices for Palantir Technologies’ stock. On average, they anticipate the company’s stock price to reach $18.35 in the next twelve months. View analysts price targets for PLTR or view top-rated stocks among Wall Street analysts. Palantir Technologies Inc. builds and deploys software platforms to the intelligence community in the U.S. for the purpose of counterterrorism investigations and operations.

1. A number of institutional investors and hedge funds have recently bought and sold shares of the stock.
2. 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.
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4. Today a large volume of out-of-the-money (OTM) call options for Palantir Technologies stock has traded in a near-term expiry period.
5. Last year shares in Palantir rocketed 167% on the heels of the company’s inroads in the AI space.

Palantir Technologies (PLTR) raised $0 in an IPO on Wednesday, September 30th 2020. The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024. Looking to avoid the hassle of mudslinging, volatility, and uncertainty? Sign-up to receive the latest news and ratings for Palantir Technologies and its competitors with MarketBeat’s FREE daily newsletter. Another way to compare Palantir is by evaluating expected revenue, which may be more appropriate given the fact that many of these companies aren’t generating much profit just yet.

Many high-growth software-as-a-service (SaaS) businesses have yet to reach profitability on a generally accepted accounting principles (GAAP) basis, or experience inconsistent ebbs and flows in free cash flow. The primary goal of these seminars is to help businesses form a use case rooted in AI. Palantir and Oracle recently announced an interesting partnership, stitching together cloud infrastructure and big data analytics. Today a large volume of out-of-the-money (OTM) call options for Palantir Technologies stock has traded in a near-term expiry period. This highlights the underlying value of this AI and software security… © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

Finally, ARK Investment Management LLC lifted its position in Palantir Technologies by 16.1% in the fourth quarter. ARK Investment Management LLC now owns 10,937,859 shares of the company’s stock worth $187,803,000 after buying an additional 1,514,232 shares during the last quarter. HSBC downgraded Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price objective for the company. Raymond James lifted their price target on shares of Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th.

Mizuho raised their target price on Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, March 7th. Royal Bank of Canada reiterated an “underperform” rating and set a $5.00 price https://forex-review.net/bitcoin-brokers/ target on shares of Palantir Technologies in a research note on Tuesday, February 6th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company.

I will also quickly touch on the recent news of an FBI glitch that made the stock drop 4%. I’m not suggesting that Palantir could be the next big tech opportunity. Rather, my thinking is that so long as the company operates from a position of strength in a growing market such as AI, holding Palantir stock over the long run could generate massive gains for disciplined investors. Palantir’s revenue growth is complemented by an expanding margin profile, which has dropped to the bottom line.

While this could still be a good investment for the long term, I would hold off on buying shares of Palantir right now. Its valuation may have become a bit too rich given its relatively modest growth rate, and there are potentially better buys out there today. Palantir’s revenue growth rate is around 20%, and that’s roughly what management expects for 2024. The company has a market capitalization of $47.75 billion, a PE ratio of 239.80, a price-to-earnings-growth ratio of 5.14 and a beta of 2.78. The business’s fifty day moving average is $23.57 and its two-hundred day moving average is $20.00.

Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. A number of institutional investors and hedge funds have recently bought westernfx review and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Palantir Technologies by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock worth $3,327,636,000 after buying an additional 6,466,596 shares during the last quarter. Morgan Stanley lifted its stake in shares of Palantir Technologies by 26.1% in the 3rd quarter.

But a closer look at the chart below should shed light on a couple of important ideas. There are loads of companies looking to cash in on the AI narrative. But like other growth opportunities, there are likely only going to be a finite number of winners in the long run. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. Provides a general description of the business conducted by this company. The Barchart Technical Opinion rating is a 56% Buy with a Weakening short term outlook on maintaining the current direction.