Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Palantir’s close alliance with big tech cements the company as a strong force in the AI industry, and I think moving to the Nasdaq will help strengthen the company’s image as a legitimate player in the technology realm. One thing that often goes overlooked with stocks is the exchange that they trade on. But, believe it or not, trading on the New York Stock Exchange (NYSE) versus the Nasdaq Stock Market can actually have some pretty big implications for a company. The Motley Fool owns shares of and recommends Palantir Technologies Inc. While Palantir Technologies currently has a “Reduce” rating among analysts, top-rated analysts believe these five stocks are better buys.
About Palantir Technologies Inc.
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. Wedbush lifted their price objective on Palantir Technologies from $38.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Northland Securities increased their price target on Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th.
Financial Highlights
It traded as high as $11.42 on Wednesday before dropping below its opening price. Some current and former employees complained early in the trading session of being unable to access the system to sell their stock. Investing in growth stocks can be a great strategy for building up your portfolio. It’s easy to get overwhelmed trying to pick the right growth stocks and the right mix of them for your portfolio. What’s attractive about the fund is that it focuses on growth stocks within the S&P 500.
MarketBeat Products
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. 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.
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- This is probably why the company is enjoying robust unit economics, meaning revenue from each customer is growing at a faster pace than costs.
- “Upon transferring, Palantir anticipates meeting the eligibility requirements of the Nasdaq-100 Index,” the company said.
- Palantir Apollo is an operating system designed to give continuous delivery and deployment of safe, secure Internet access across all operating environments.
- The company is allowing existing shareholders to sell up to one-fifth of their holdings now while hanging onto the rest until the lockup period expires after it reports results for the year ending Dec. 31.
Revenue vs. Earnings
This is the reason why Palantir increased its 2024 revenue forecast to just over $2.8 billion from the earlier expectation of roughly $2.75 billion. The updated guidance would translate into year-over-year growth of nearly 26%, which would be an improvement over its 2023 revenue growth of 17%. Palantir’s robust FQ3’24 performance and raised FY2024 guidance further underscore its growing moat in the US government along with increased mindshare in the commercial sector. Dalio is piling into artificial intelligence (AI)-inspired stock Palantir Technologies, and dumped shares of a media company with an impenetrable moat. According to 14 analysts, the design your forex trading system in 6 steps average rating for PLTR stock is “Hold.” The 12-month stock price forecast is $32.25, which is a decrease of -49.88% from the latest price.