why Palantir Technologies Inc. [PLTR] is a Good Choice for Investors After New Price Target of $15.00

Palantir Technologies Inc. [NYSE: PLTR] closed the trading session at $25.20 on 01/08/21. The day’s price range saw the stock hit a low of $24.70, while the highest price level was $26.44. The company report on January 6, 2021 that Fujitsu Limited Signs $8 Million Contract as Palantir Foundry Customer and Becomes First Distributor of Foundry Modules in Japan.

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Palantir Technologies Inc. (NYSE:PLTR) announced it was expanding its work with Fujitsu with a one-year, $8,000,000 contract between Fujitsu and Palantir Technologies Japan K.K. Fujitsu will also become the first distributor of Palantir’s Foundry platform modules in the Japanese market.

Fujitsu has used Palantir Foundry since last year to optimize its hardware supply chain, further improve its customer service efforts, and modernize its technological infrastructure, and will continue to do so until at least the end of 2021. Fujitsu will also become the first distributor within Japan of ERP Suite, a Palantir Foundry module. Fujitsu is already using ERP Suite internally to integrate its ERP systems with other critical systems of record. This new module distribution channel will be accompanied by a Foundry certification program for Fujitsu’s DX services business.

The stocks have a year to date performance of 7.01 percent and weekly performance of 7.01 percent. The stock has performed -11.86 percent around the most recent 30 days and changed 152.00 percent over the most recent 3-months.

If compared to the average trading volume of 57.41M shares, PLTR reached to a volume of 41164323 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Palantir Technologies Inc. [PLTR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PLTR shares is $15.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PLTR stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for Palantir Technologies Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on December 18, 2020. The new note on the price target was released on December 02, 2020, representing the official price target for Palantir Technologies Inc. stock. Previously, the target price had yet another raise to $15, while Morgan Stanley analysts kept a Equal-Weight rating on PLTR stock.

The Average True Range (ATR) for Palantir Technologies Inc. is set at 2.28, with the Price to Sales ratio for PLTR stock in the period of the last 12 months amounting to 43.56. The Price to Book ratio for the last quarter was 33.16, with the Price to Cash per share for the same quarter was set at 1.04.

PLTR stock trade performance evaluation

Palantir Technologies Inc. [PLTR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.01.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PLTR stock in for the last two-week period is set at 52.44, with the RSI for the last a single of trading hit 50.35, and the three-weeks RSI is set at 54.82 for Palantir Technologies Inc. [PLTR]. The present Moving Average for the last 50 days of trading for this stock 21.65, while it was recorded at 24.34 for the last single week of trading.

Palantir Technologies Inc. [PLTR]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Palantir Technologies Inc. [PLTR] shares currently have an operating margin of -77.63 and a Gross Margin at +67.36. Palantir Technologies Inc.’s Net Margin is presently recorded at -79.20.

Return on Total Capital for PLTR is now -109.70, given the latest momentum, and Return on Invested Capital for the company is -111.92. Return on Equity for this stock declined to -179.61, with Return on Assets sitting at -38.88. When it comes to the capital structure of this company, Palantir Technologies Inc. [PLTR] has a Total Debt to Total Equity ratio set at 270.19. Additionally, PLTR Total Debt to Total Capital is recorded at 72.99, with Total Debt to Total Assets ending up at 24.85.

Reflecting on the efficiency of the workforce at the company, Palantir Technologies Inc. [PLTR] managed to generate an average of -$245,975 per employee. Receivables Turnover for the company is 21.37 with a Total Asset Turnover recorded at a value of 0.49.Palantir Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.50 and a Current Ratio set at 2.50.

Palantir Technologies Inc. [PLTR]: Insider Ownership positions

There are presently around $4,462 million, or 12.60% of PLTR stock, in the hands of institutional investors. The top three institutional holders of PLTR stocks are: POINT72 ASSET MANAGEMENT, L.P. with ownership of 29,904,230, which is approximately New of the company’s market cap and around 8.70% of the total institutional ownership; BLACKROCK INC., holding 29,299,147 shares of the stock with an approximate value of $738.34 million in PLTR stocks shares; and CANADA PENSION PLAN INVESTMENT BOARD, currently with $608.75 million in PLTR stock with ownership of nearly New of the company’s market capitalization.

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Positions in Palantir Technologies Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 160 institutional holders increased their position in Palantir Technologies Inc. [NYSE:PLTR] by around 177,049,800 shares. Additionally, 0 investors decreased positions by around 0 shares, while 1 investors held positions by with 444 shares. The mentioned changes placed institutional holdings at 177,050,244 shares, according to the latest SEC report filing. PLTR stock had 160 new institutional investments in for a total of 177,049,800 shares, while 0 institutional investors sold positions of 0 shares during the same period.

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