Palantir (NYSE: PLTR) stock fell again on Monday. The data analytics' specialist's share price closed out the daily session down roughly 5.8%. Palantir actually announced a new partnership today, but investors selling out of growth-dependent stocks caused the company's share price to lose ground.
Full Answer
Should you buy Palantir stock after its IPO?
Big data analytics company Palantir (NYSE: PLTR) is a government favorite and was considered highly attractive based on the number of contracts it was receiving. Many investors thought that PLTR stock could soar to new heights after its initial public offering in 2020; however, they were wrong.
Is Palantir (pltr) stock a good investment during a recession?
Is Palantir Stock A Good Investment During A Recession? Palantir stock has outperformed the market since we published our previous Buy rating. Therefore, we believe the market has likely priced in a recessionary scenario for PLTR. The consensus estimates remain confident in management's guidance of a revenue CAGR of 30% through 2025.
Is Palantir stock undervalued or overvalued?
Our valuation analysis suggests that Palantir stock seems undervalued at the current levels. However, investors should be careful not to chase further momentum if it surges and wait patiently for a retracement.
Were Palantir’s Q1 results really that bad?
Investors weren’t happy with Palantir’s Q1 results, but if you take a closer look at the numbers, they weren’t that bad. In the first quarter, the company reported $446 million in revenue, which is a 31% rise year-over-year.
Why did Palantir stock go down?
It is likely that Palantir was affected by fears over rising interest rates, inflation, and the potential for a recession, which has severely impacted the prices of growth stocks.
Is Palantir stock a buy?
Palantir stock rose 5.7% to close at 8.71 on the stock market today. BofA analyst Mariana Mora initiated coverage of PLTR stock with a buy rating and price target of 13.
Is Palantir stock overvalued?
Second, the company's current valuation should confound any prospective buyer, as Palantir still appears overvalued on key multiples despite a nearly 50% YTD decline in its share price....Why do I think so?# of articlePLTRS&P 500 index4-19.11%-1.14%Average-52.15%-6.28%3 more rows•Jun 8, 2022
Is Palantir a good long term buy?
The positive long-term outlook for Palantir is the growth of its commercial customers, equivalent to 86% YoY growth. However, it will take some time for revenue growth through new customers to be reflected. This might have important potential for an upside in the long run.
Will Palantir recover?
Growth at scale. Despite being at a ~$2 billion annual revenue scale, Palantir continues to deliver 30-40% y/y revenue growth, and its long-term outlook calls for the company to be able to sustain growth rates in excess of 30% y/y through at least 2025.
Is PLTR a short squeeze?
Class A Stock - Short Squeeze, Borrow Rates.
Does Palantir have a future?
Growth Narrative Per the company's Feb. 17 earnings report, “Annual revenue growth of 30% or greater through 2025” can be expected. And that's what the company is also telegraphing for the next quarter when it anticipates $443 million in revenues. The company posted $341 million in the first quarter of 2021.
What will Palantir be worth in 10 years?
Palantir's path toward a trillion-dollar market cap If it hits its target for 2025, then continues to grow its revenue at an average rate of 20% over the following 10 years, it could generate nearly $27 billion in revenue in 2035.
Is PLTR undervalued?
Below are some of the top undervalued stocks to buy while the sector is weak. Palantir (PLTR): Its strong leadership and revenue growth will deliver results....7 Undervalued Stocks to Buy Before Investors Catch On.PLTRPalantir$8.35PYPLPayPal$79.75ROKURoku$97.66UPSTUpstart$46.66IWMiShares Russell 2000 ETF$182.772 more rows•May 18, 2022
What will Palantir be worth in 5 years?
However for five years' time, in March 2027, the service forecasted Palantir to be effectively zero. Coin Price Forecast's algorithm is much more optimistic, with a price target of $29.55 by 2025 and $47.5 by 2030. Note that analyst PLTR predictions can be wrong.
Is Palantir a good growth stock?
PLTR ended the quarter with $2.3 billion of cash versus no debt. That is good for around 13% of the current market cap. Looking forward, PLTR guided for $470 million of revenue in the next quarter, representing only 25% year over year growth.
How much is PLTR debt?
Palantir Technologies Inc. reported 197.98M in Debt for its fourth fiscal quarter of 2020.
Should I buy or sell Palantir Technologies stock right now?
9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Palantir Technologies in the last twelve months. There are curren...
What is Palantir Technologies' stock price forecast for 2022?
9 brokers have issued twelve-month target prices for Palantir Technologies' shares. Their forecasts range from $6.00 to $25.00. On average, they ex...
How has Palantir Technologies' stock performed in 2022?
Palantir Technologies' stock was trading at $18.21 at the beginning of the year. Since then, PLTR shares have decreased by 54.6% and is now trading...
Are investors shorting Palantir Technologies?
Palantir Technologies saw a decline in short interest in the month of May. As of May 31st, there was short interest totaling 107,050,000 shares, a...
When is Palantir Technologies' next earnings date?
Palantir Technologies is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022. View our earnings forecast f...
How were Palantir Technologies' earnings last quarter?
Palantir Technologies Inc. (NYSE:PLTR) posted its quarterly earnings results on Monday, May, 9th. The company reported $0.02 EPS for the quarter, m...
What guidance has Palantir Technologies issued on next quarter's earnings?
Palantir Technologies issued an update on its second quarter 2022 earnings guidance on Monday, June, 6th. The company provided earnings per share (...
Who are Palantir Technologies' key executives?
Palantir Technologies' management team includes the following people: Mr. Peter Andreas Thiel , Co-Founder & Chairman (Age 55) Dr. Alexander C....
Who are some of Palantir Technologies' key competitors?
Some companies that are related to Palantir Technologies include Activision Blizzard (ATVI) , VMware (VMW) , Dassault Systèmes (DASTY) , Synops...
What happened
The stock market has gotten off to a rocky start in 2022, and Tuesday delivered another day of sell-offs and a 1.8% drop for the S&P 500 index. Amid the turbulent backdrop, Palantir ( NYSE:PLTR) stock closed out the day down 6.5%.
So what
The yield on 10-year U.S. Treasury bonds hit 1.874% today, setting a two-year high mark and rattling technology stocks. In addition to rising bond yields paving the way for improved returns on very little risk, investors have had a multitude of other macroeconomic conditions to consider.
Now what
After today's sell-off, Palantir stock is down roughly 67% from the high that it hit last January. The company now has a market capitalization of roughly $30 billion and is valued at approximately 15 times this year's expected sales.
When will Palantir release its earnings?
Palantir Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, August 10th 2021. View our earnings forecast for Palantir Technologies.
How much does Palantir Technologies make?
Palantir Technologies has a market capitalization of $42.26 billion and generates $1.09 billion in revenue each year. The company earns $-1,166,390,000.00 in net income (profit) each year or $0.19 on an earnings per share basis.
When is Palantir's 2nd quarter 2021 earnings?
Palantir Technologies issued an update on its second quarter 2021 earnings guidance on Tuesday, June, 8th. The company provided earnings per share (EPS) guidance of $- for the period. The company issued revenue guidance of $360 million-360 million, compared to the consensus revenue estimate of $344.31 million.
Is Palantir Technologies a hold?
Wall Street analysts have given Palantir Technologies a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Palantir Technologies wasn't one of them.
What is Palantir Technologies?
Palantir Technologies (NYSE: PLTR) built an advantage by becoming one of the first companies to allow users to integrate, manage, and secure data, and the company has prospered through its analytics capabilities . Palantir is a company specializing in data mining.
How much is Palantir up in 2021?
Why Palantir Technologies Was Up a Choppy 11.9% Through the First Half of 2021. Shares of Palantir (NYSE: PLTR) were up 11.9% through the first half of 2021, according to data from S&P Global Market Intelligence. Owners of Palantir have gone on a wild ride so far this year.
What is PLTR software?
(PLTR) revealed that it has been chosen by the Federal Aviation Administration (FAA) to provide a data analytics tool to enhance the agency’s modernization objectives for aviation safety. Shares of the software company that specializes in big data analytics, and serves public institutions, private enterprises, and the non-profit sector, have jumped 167% since its IPO in September 2020. Per the terms of the one-year contract, PLTR will assist the FAA’s aircraft certific
What happened
Palantir (NYSE: PLTR) stock fell again on Monday. The data analytics' specialist's share price closed out the daily session down roughly 5.8%.
So what
Palantir published a press release Monday announcing that it had formed a new multiyear partnership with Dewpoint Therapeutics. The team-up will see Palantir's Foundry analytics platform being used to help power Dewpoint's initiatives for developing treatments and cures for challenging diseases.
Now what
Palantir has been growing its business at a rapid clip, and it expects to be able to expand sales at an annual rate exceeding 30% from 2021 through 2025.
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What happened
Shares of Palantir Technologies ( PLTR -6.37% ) fell as much as 7% on Friday morning after a Wall Street analyst cut his price target for the data analytics stock. The analyst isn't questioning the quality of the business, but valuation is an open question in this environment.
So what
Palantir, as my Motley Fool colleague Keith Noonan noted yesterday, is a stock that has been moving in conjunction with the Nasdaq Composite, and so perhaps it should be no surprise the stock got off to a bad start on Friday morning as the broader market traded down.
NYSE: PLTR
Indeed, Palantir has been a tough one for investors to figure out. The company went public a little over a year ago and shot up more than 300% in its opening months as a public company, only to give up much of those gains in the months since. The company is a hybrid government contractor and commercial software vendor.
Now what
The first year-plus of Palantir's history as a public company in some ways has been a battle between bulls and bears over how to value the company. If recent trading is any indication, there isn't any reason to believe that debate will be settled anytime soon.
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Palantir Faces More Competition in the Private Sector
Palantir has established a strong niche supporting governments’ defense, intelligence, and anti-crime efforts. However, Palantir is now also helping businesses in a variety of areas, such as health care and supply chain management.
The Verdict on PLTR Stock
Some traders had been hoping that Palantir’s Q4 earnings would be a turning point for it. However, it appears that won’t be the case, as its shares tumbled over 15% yesterday in the wake of its results.