Palantir Technologies (NYSE: PLTR) has caught the eye of investors after its public debut in September 2020. Starting at $10 per share, the stock has seen a wild ride. It hit nearly $45 in early 2021 and then fell to about $15 by mid-2022. This big swing has made many people talk and guess about what will happen next.
FintechZoom has collected expert views on PLTR’s future. This includes stock forecasts, price targets, and its place in the market. Whether you’re an experienced investor or new to Palantir Technologies, this detailed look at PLTR stock will guide you. It’s perfect for making smart choices in the fast-changing tech world.
What Is PLTR Stock?
PLTR stock is a part of Palantir Technologies, a company founded in 2003. It helps organizations understand and use data. Businesses and governments use Palantir’s tools to make smart choices with data.
Palantir started trading in September 2020. Its stock price has seen big ups and downs.
Overview of Palantir Technologies Inc.
As of July 2023, Palantir’s stock price is $28.40. It has changed a lot, from $8.91 to $45.00 in the last year. The company’s value is now $57.498 billion.
In Q4 2023, Palantir’s revenue grew by 24% to $608 million. It made 80% of its money from data analysis. The company added 35% more customers in 2023.
PLTR Stock Live Update
In 2023, Palantir made $2.4 billion, a 26% jump from 2022. Its profit margin was 18% that year. On average, 23.44 million shares are traded daily.
Analysts think Palantir’s stock could hit $55. But some predict it might drop to $20. So far in 2024, the stock has grown over 60%.
fintechzoom pltr stock forecast
Trying to predict Palantir Technologies Inc. (PLTR) stock performance is tough. Analysts have different views on its future. Some see growth due to more demand for data analytics and AI. Others worry about the stock’s high price.
To understand PLTR stock movements, investors should check forecasts often. Keeping up with industry trends helps make smart choices. This way, they can handle the ups and downs of Palantir Technologies Inc. (PLTR) stock price.
| Metric | Value |
|---|---|
| Previous Close | $10.68 |
| Open | $10.64 |
| Day’s Range | $10.64 – $10.80 |
| 52 Week Range | $9.49 – $14.85 |
| Volume | 30,118,052 |
| Avg. Volume | 59,117,328 |
| Market Cap (intraday) | $42.615B |
| PE Ratio (TTM) | 11.17 |
| EPS (TTM) | $0.96 |
| Forward Dividend & Yield | $0.60 (5.60%) |
| 1-Year Target Estimate | $12.41 |
The Palantir Technologies Inc. (PLTR) stock price and PLTR stock forecast are key for investors. Keeping current with market trends and analyst views helps. This way, investors can handle the ups and downs of PLTR stock better.
Historical Performance of PLTR Stock
Price Fluctuation History
Palantir Technologies Inc. (NYSE: PLTR) has seen big price swings. It listed on the New York Stock Exchange in September 2020. Starting at $10, the stock hit about $45 in February 2021.
This jump was due to more people wanting tech stocks during the COVID-19 pandemic. But, the stock has also seen lows, dropping below $10 at times. It then bounced back.
These ups and downs highlight the need to watch market trends and the company’s performance. This is key when thinking about investing in Palantir.
FintechZoom says Palantir’s market value is about $30 billion as of 2024. This makes it a strong player in the tech world. The company has seen its revenue grow, with a 20% increase in its latest earnings report.
Palantir has also started making profits on a GAAP basis. This shows it’s moving towards lasting earnings. The stock’s price swings and volatility remind us to do our homework before investing in Palantir Technologies. FintechZoom offers insights on market trends that could affect PLTR stock, helping investors make smart choices.
Main Competitors
Palantir Technologies Inc. (PLTR) is making big moves in the data analytics and software world. It faces tough competition from several big players. Knowing who Palantir’s main competitors are helps investors understand the company’s place in the market and its growth chances.
Snowflake Inc. (SNOW) is a big competitor of Palantir. It’s a cloud-based data warehousing and analytics company that’s really taken off. Snowflake offers scalable and easy-to-use data solutions, making it a top choice for businesses looking to make the most of their data.
Tableau Software is another key competitor. It’s a data visualization and business intelligence platform that Salesforce (CRM) bought in 2019. Tableau is known for turning complex data into easy-to-understand visuals, helping decision-makers make better choices.
IBM (IBM) also challenges Palantir. IBM offers a wide range of data analytics and enterprise software solutions. While Palantir focuses on specific areas, IBM’s broad portfolio and global presence make it a strong competitor.
Microsoft Azure (MSFT) is another competitor to watch. It’s Microsoft’s cloud computing division, providing a full suite of data and analytics services. Azure’s integration with other Microsoft products and its wide use in businesses make it a big player in the data analytics field.
As Palantir looks to the future, it must stay ahead of its competitors. It needs to keep up with trading trends in pltr stock and offer new solutions that meet customer needs. Investors should keep an eye on price targets for pltr and palantir’s revenue and free cash flow could surprise analysts to see how Palantir stacks up against its rivals.
| Competitor | Specialty | Market Cap | Revenue (TTM) |
|---|---|---|---|
| Snowflake Inc. (SNOW) | Cloud-based data warehousing and analytics | $58.04 billion | $1.46 billion |
| Tableau Software (CRM) | Data visualization and business intelligence | $16.22 billion | $1.59 billion |
| IBM (IBM) | Enterprise software and data analytics solutions | $115.11 billion | $57.35 billion |
| Microsoft Azure (MSFT) | Cloud computing and data analytics services | $2.33 trillion | $168.09 billion |
Dividend and Return on Investment (ROI)
Palantir Technologies Inc. (PLTR) doesn’t pay dividends to its shareholders. Instead, it uses its profits to grow and expand. This is a common choice for tech companies that focus on research and scaling up.
The ROI for PLTR stock has changed a lot. This is because of the company’s financial results and how investors feel. When the company does well, investors can make a lot of money. But, the stock price can also drop a lot.
Even without dividends, Palantir could be a good long-term investment. As it grows and becomes more important in government contracts, its money-making abilities might surprise people. This could make the stock price go up more.
| Metric | Q2 2023 Performance |
|---|---|
| Revenue Growth | 13% year-over-year |
| Commercial Revenue Growth | 10% year-over-year |
| Cash and Cash Equivalents | $3.1 billion |
| Debt | Zero |
Palantir’s financial health is strong. It has growing revenue and is debt-free. This shows it can invest in itself and possibly give good returns to shareholders. Investors should watch Palantir’s progress and financials to see if it’s a good long-term choice.
Stock Forecast
Investors are watching Palantir Technologies Inc. (PLTR) closely. Some think the stock could grow due to more demand for data analytics. Others worry about its high price.
The PLTR stock price has changed a lot. It hit about $20 early this year but then dropped. It’s important for investors to keep up with the latest news and reports to make smart choices.
Recent PLTR Stock Performance
Palantir’s stock price has gone up and down in recent months. This shows the mixed views on the company’s future. Investors should stay updated with news and trends to understand where the stock might go.
| Date | PLTR Stock Price | Price Change |
|---|---|---|
| January 1, 2021 | $24.00 | – |
| March 31, 2021 | $23.12 | -3.67% |
| June 30, 2021 | $25.01 | +8.19% |
| September 30, 2021 | $22.36 | -10.64% |
| December 31, 2021 | $18.46 | -17.53% |
Risks Involved in FintechZoom PLTR Stock Investment
Investing in Palantir Technologies (PLTR) stock comes with risks. The company has shown promising trading trends in pltr stock and could surprise analysts with its revenue and free cash flow. Yet, several factors could affect the stock’s price targets for pltr.
One major risk is Palantir’s heavy reliance on government contracts, mainly with U.S. agencies. Changes in government budgets or political shifts could greatly impact Palantir’s revenue and financial health. The data analytics market is also getting more competitive, with IBM, Splunk, and Snowflake competing for market share.
- Market volatility: PLTR stock has seen big swings after its IPO, and market conditions can influence its performance.
- Dependence on government contracts: A big part of Palantir’s income comes from government agencies. This makes the company vulnerable to political and budget changes.
- Competitive landscape: The data analytics and AI-driven solutions market is very competitive. Palantir faces challenges from established players and new startups.
- Financial stability: Palantir has spent a lot on research and development. This could impact its short-term profits and cash flow.
To lessen these risks, investors should watch Palantir’s quarterly results, new contract announcements, and market trends closely. Diversifying investments and doing thorough research on Palantir’s financial health and growth prospects can help investors make better decisions when considering PLTR stock.
Conclusion
The journey of Palantir Technologies (PLTR) stock has been a rollercoaster ride. Its performance shows the fast-changing nature of the data analytics market. FintechZoom’s detailed analysis has given us key insights into the stock’s future.
Palantir’s stock has seen a lot of ups and downs. But, its work with government contracts has kept it stable during tough times. FintechZoom’s tools predict that Palantir’s solutions will be in more demand in defense and intelligence. This could be good for the stock’s future.
Investors looking at PLTR stock need to think about the risks and rewards. It’s important to keep up with market trends, industry news, and expert forecasts. FintechZoom’s data-driven insights are very helpful in understanding PLTR stock.
By staying updated with the latest news and trends, you can make smart investment choices. This way, you can take advantage of Palantir Technologies’ growth opportunities.
