Palantir (NYSE: PLTR) surged more than 10% today. This move occurred after the company announced it was awarded a larger contract from U.S. Space Systems Command. This expansion of scope has resulted in an additional $53 million of revenue being added to Palantir's backlog. Source: Spyro the Dragon / Shutterstock.com
Is Palantir stock still down 26% year to date?
Even with Monday's gains, Palantir stock is still down by roughly 26% year to date. PLTR data by YCharts. Palantir now has a market capitalization of roughly $27 billion and is valued at approximately 13.5 times this year's expected sales.
Is the market disappointed Palantir isn't readying solutions on its own?
Rather than viewing the new partnership with Jacobs as an opportunity to accelerate expansion in the infrastructure-services space, it seems the market could be disappointed that Palantir isn't readying solutions on its own or working with another prospective partner.
Is Palantir worth $24 billion?
Palantir now has a market capitalization of roughly $24 billion and is valued approximately 12 times this year's expected sales and 59 times expected adjusted earnings.
What is Palantir’s new contract with bmc3 worth?
Originally awarded a contract for this work back in 2021, with a value of $121.5 million, Palantir has now been awarded an additional $53.9 million to continue work on BMC3 through March 2023. In total, the contract is now worth $175.4 million.
Is PLTR a buy now?
With growing revenues, robust FCF, and impending net income profitability, PLTR proves to be an excellent buy at current valuations.
Is Palantir A Buy Sell or Hold?
Palantir Technologies has received a consensus rating of Hold. The company's average rating score is 2.11, and is based on 3 buy ratings, 4 hold ratings, and 2 sell ratings.
What is the forecast for Palantir stock?
Stock Price Forecast The 9 analysts offering 12-month price forecasts for Palantir Technologies Inc have a median target of 11.00, with a high estimate of 16.00 and a low estimate of 6.00. The median estimate represents a +22.91% increase from the last price of 8.95.
Is Palantir a good stock to buy Zacks?
Zacks' proprietary data indicates that Palantir Technologies Inc. is currently rated as a Zacks Rank 4 and we are expecting a below average return from the PLTR shares relative to the market in the next few months.
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
Should I hold Palantir?
The average rating on the stock is a “hold.” Having dropped more than 60% from November of 2021 to March this year, however, Palantir shares' reaching a more modest valuation may signal a good opportunity to invest in the company today.
Is PLTR expected to go up?
Palantir (PLTR) stock forecast: 2022–2030 Palantir share price forecasts as of 8 April, showed an average upside of 20% to a price target of $15.38 for the next 12 months, ranging from the high of $25 to the low of $9, according to eight analyst views compiled by MarketBeat.
What will PLTR 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 Palantir a long-term hold?
If we consider the growing demand for data in the U.S., and indeed the world, Palantir (NYSE: PLTR) looks like a great long-term investment for investors wanting a slice of the highly profitable big data analytics pie.
Who is shorting PLTR?
Palantir Technologies (NYSE:PLTR) Short Interest HistoryReport DateTotal Shares Sold ShortDollar Volume Sold Short6/15/202152,300,000 shares$1.28 billion5/28/202168,640,000 shares$1.58 billion5/14/202185,270,000 shares$1.57 billion4/30/202161,940,000 shares$1.45 billion30 more rows
Is NIO a buy or sell?
Seeking Alpha's quant system has rated NIO stock as a “Sell” with a low score of 1.61, but the consensus price target by Wall Street analysts has NIO with an upside of 172%.
Is NIO a buy Zacks?
- Hold. Zacks' proprietary data indicates that NIO Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the NIO shares relative to the market in the next few months.
What happened
After some big sell-offs, the market is rallying today, and Palantir ( NYSE:PLTR) is getting a boost from the momentum. The data analytics specialist's share price was up roughly 5.7% as of noon ET on Thursday.
So what
The Labor Department released its latest update on unemployment filings today. The report showed that weekly jobless claims had risen to 286,000 for the week ending Jan. 15, coming in significantly ahead of the average economist estimate of 225,000 filings in the period.
Now what
Palantir now has a market capitalization of roughly $31 billion and is valued at approximately 15.5 times this year's expected sales.
What happened
Shares of Palantir Technologies (NYSE: PLTR) are starting the week with a day of strong gains. The data analytics company's share price was up roughly 7% as of 1:15 p.m. ET on Monday. Meanwhile, the Nasdaq Composite index had gained roughly 2.4%.
So what
The market is off to rocky start this year, but it looks like stocks are on track to close out January with a day of gains. Momentum for the market at large, and tech stocks in particular, is helping to push Palantir higher in Monday's session.
Now what
With today's gains, Palantir now has a market cap of roughly $27.3 billion and is valued at approximately 13.7 times this year's expected sales. Beyond momentum for the broader market affecting the stock, there's potentially a much bigger pricing catalyst on the near horizon.
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