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Palantir Technologies (PLTR) Stock Price, News & Analysis

+0.48 (+1.76%)
(As of 07/8/2024 ET)
Today's Range
50-Day Range
52-Week Range
59.41 million shs
Average Volume
34.33 million shs
Market Capitalization
$61.71 billion
P/E Ratio
Dividend Yield
Price Target

Palantir Technologies MarketRank™ Stock Analysis

Analyst Rating
1.87 Rating Score
23.3% Downside
$21.25 Price Target
Short Interest
3.21% of Shares Sold Short
Dividend Strength
News Sentiment
0.69mentions of Palantir Technologies in the last 14 days
Based on 41 Articles This Week
Insider Trading
Selling Shares
$239.94 M Sold Last Quarter
Proj. Earnings Growth
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.

2.26 out of 5 stars

Business Services Sector

175th out of 294 stocks

Prepackaged Software Industry

122nd out of 189 stocks

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

Obama wins Presidential debate
When I said Obama would seek a third term… They called me a conspiracy theorist, they said it couldn’t happen, that the 22nd Amendment makes it impossible. But as I explained on live radio years ago, “he could have a proxy… while he remains in control of the administration much like Putin did in Russia.”
Financial markets news icon
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
Palantir logo sign on building
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.
Obama wins Presidential debate
When I said Obama would seek a third term… They called me a conspiracy theorist, they said it couldn’t happen, that the 22nd Amendment makes it impossible. But as I explained on live radio years ago, “he could have a proxy… while he remains in control of the administration much like Putin did in Russia.”
Palantir logo sign on building
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
Why Palantir (PLTR) Stock Just Hit a New 52-Week High
The 3 Best AI Stocks To Buy In July 2024
See More Headlines
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Company Calendar

Last Earnings
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Prepackaged software
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
15 Analysts


Net Income
$209.82 million
Pretax Margin


Sales & Book Value

Annual Sales
$2.23 billion
Cash Flow
$0.10 per share
Book Value
$1.62 per share


Outstanding Shares
Free Float
Market Cap
$61.71 billion

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


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

  • Palantir's recent partnership with a major government agency for data analytics solutions, showcasing growth potential in the government sector.
  • The company's focus on expanding its commercial business, diversifying revenue streams beyond government contracts.
  • Strong financial performance with consistent revenue growth and improving profit margins, indicating financial stability.
  • Positive analyst ratings and target price upgrades, reflecting confidence in the company's future prospects.
  • Current stock price trading below the consensus target price, potentially offering a buying opportunity based on market valuation.


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

  • Concerns over the company's heavy reliance on government contracts, exposing it to potential regulatory risks and fluctuations in government spending.
  • Limited diversification in customer base, with a significant portion of revenue coming from a few key clients, increasing dependency risk.
  • High valuation metrics compared to industry peers, raising questions about the stock's current pricing levels.
  • Uncertainty surrounding the company's ability to sustain growth rates in the long term, especially in competitive tech markets.
  • Mixed analyst ratings, with a notable number of sell ratings, indicating varying opinions on the company's future performance.
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 26, 2024. Please send any questions or comments about these Palantir Technologies pros and cons to

PLTR Stock Analysis - Frequently Asked Questions

How have PLTR shares performed this year?

Palantir Technologies' stock was trading at $17.17 at the start of the year. Since then, PLTR shares have increased by 61.4% and is now trading at $27.71.
View the best growth stocks for 2024 here

How were Palantir Technologies' earnings last quarter?

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

Does Palantir Technologies have any subsidiaries?

Palantir Technologies subsidiaries include these companies: Silk, Kimono Labs, FT Technologies, Propeller, Poptip, Voicegem, Palantir Engineering Israel Ltd., and others.

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 a price of $0.00 per share. None served as the underwriter for the IPO.

Who are Palantir Technologies' major shareholders?

Palantir Technologies' top institutional shareholders include DNB Asset Management AS (0.02%), Insight Wealth Strategies LLC, Capital Market Strategies LLC and HBW Advisory Services LLC. Insiders that own company stock include Peter Thiel, Alexander C Karp, Alexander D Moore, Shyam Sankar, Heather A Planishek, Jeffrey Buckley, Ryan D Taylor, Alexandra W Schiff, Lauren Elaina Friedman Stat, Eric H Woersching, David A Glazer, Stephen Andrew Cohen and Spencer M Rascoff.
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.

What other stocks do shareholders of Palantir Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Palantir Technologies investors own include Tesla (TSLA), NVIDIA (NVDA), Pfizer (PFE), AT&T (T), DocuSign (DOCU), PayPal (PYPL) and Walmart (WMT).

This page (NYSE:PLTR) was last updated on 7/9/2024 by Staff

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