Market Analysts see Palantir Technologies Inc. [PLTR] gaining to $25. Time to buy?


Palantir Technologies Inc. [NYSE: PLTR] traded at a low on 11/26/21, posting a -0.38 loss after which it closed the day’ session at $21.03. The company report on November 15, 2021 that And Palantir Announce Strategic Partnership, Combining AI-powered Products With Next Generation Operating Platform., a leading provider of artificial intelligence, machine learning, big data analytics, and cyber solutions, and Palantir Technologies Inc. (NYSE: PLTR), a software company that builds enterprise data platforms for use by organizations with complex and sensitive data environments, announced that they have entered into a commercial partnership under which’s and Palantir’s products will be integrated to extend the operating system for the modern enterprise with data and AI that provide advice and other actionable insights for complex business decisions.

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The results of the trading session contributed to over 20489093 shares changing hands. Over the past one week, the price volatility of Palantir Technologies Inc. stands at 4.86% while the volatility over the past one month is 4.16%.

The market cap for PLTR stock reached $42.32 billion, with 1.96 billion shares outstanding and 1.67 billion shares in the current float. Compared to the average trading volume of 46.43M shares, PLTR reached a trading volume of 20489093 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $23.66 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 3.30. 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 Neutral, with their previous recommendation back on November 16, 2021. While these analysts kept the previous recommendation, RBC Capital Mkts dropped their target price from $25 to $19. The new note on the price target was released on November 10, 2021, representing the official price target for Palantir Technologies Inc. stock. Previously, the target price had yet another raise to $25, while Deutsche Bank analysts kept a Hold rating on PLTR stock. On August 13, 2021, analysts increased their price target for PLTR shares from 20 to 25.

The Average True Range (ATR) for Palantir Technologies Inc. is set at 1.01, with the Price to Sales ratio for PLTR stock in the period of the last 12 months amounting to 29.57. The Price to Book ratio for the last quarter was 18.45, with the Price to Cash per share for the same quarter was set at 1.23. Price to Free Cash Flow for PLTR in the course of the last twelve months was 200.94 with Quick ratio for the last quarter at 4.10.

How has PLTR stock performed recently?

Palantir Technologies Inc. [PLTR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.19. With this latest performance, PLTR shares dropped by -16.08% in over the last four-week period, additionally sinking by -8.37% over the last 6 months – not to mention a drop of -27.61% in the past year of trading.

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 34.31, with the RSI for the last a single of trading hit 31.11, and the three-weeks RSI is set at 37.38 for Palantir Technologies Inc. [PLTR]. The present Moving Average for the last 50 days of trading for this stock 24.50, while it was recorded at 20.96 for the last single week of trading, and 24.00 for the last 200 days.

Palantir Technologies Inc. [PLTR]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Palantir Technologies Inc. [PLTR] shares currently have an operating margin of -107.41 and a Gross Margin at +67.74. Palantir Technologies Inc.’s Net Margin is presently recorded at -107.25.

Return on Total Capital for PLTR is now -93.07, given the latest momentum, and Return on Invested Capital for the company is -94.01. Return on Equity for this stock declined to -140.42, with Return on Assets sitting at -54.70. When it comes to the capital structure of this company, Palantir Technologies Inc. [PLTR] has a Total Debt to Total Equity ratio set at 30.01. Additionally, PLTR Total Debt to Total Capital is recorded at 23.08, with Total Debt to Total Assets ending up at 16.98. Long-Term Debt to Equity for the company is recorded at 28.10, with the Long-Term Debt to Total Capital now at 21.61.

Reflecting on the efficiency of the workforce at the company, Palantir Technologies Inc. [PLTR] managed to generate an average of -$480,473 per employee. Receivables Turnover for the company is 10.54 with a Total Asset Turnover recorded at a value of 0.51.Palantir Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.10 and a Current Ratio set at 4.10.

Earnings analysis for Palantir Technologies Inc. [PLTR]

With the latest financial reports released by the company, Palantir Technologies Inc. posted 0.09/share EPS, while the average EPS was predicted by analysts to be reported at 0.02/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 350.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PLTR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Palantir Technologies Inc. go to 49.39%.

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Insider trade positions for Palantir Technologies Inc. [PLTR]

There are presently around $13,358 million, or 32.00% of PLTR stock, in the hands of institutional investors. The top three institutional holders of PLTR stocks are: VANGUARD GROUP INC with ownership of 119,267,077, which is approximately 20.98% of the company’s market cap and around 1.20% of the total institutional ownership; BLACKROCK INC., holding 82,751,928 shares of the stock with an approximate value of $1.74 billion in PLTR stocks shares; and ARK INVESTMENT MANAGEMENT LLC, currently with $783.2 million in PLTR stock with ownership of nearly 21.382% of the company’s market capitalization.

Positions in Palantir Technologies Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 491 institutional holders increased their position in Palantir Technologies Inc. [NYSE:PLTR] by around 222,396,801 shares. Additionally, 245 investors decreased positions by around 64,737,431 shares, while 133 investors held positions by with 348,053,255 shares. The mentioned changes placed institutional holdings at 635,187,487 shares, according to the latest SEC report filing. PLTR stock had 129 new institutional investments in for a total of 56,725,217 shares, while 73 institutional investors sold positions of 48,668,340 shares during the same period.