Palantir Technologies Inc [NYSE: PLTR] stock went on an upward path that rose over 1.96% on Friday, amounting to a one-week price increase of more than 8.60%.
Over the last 12 months, PLTR stock rose by 154.35%. The one-year Palantir Technologies Inc stock forecast points to a potential downside of -45.23. The average equity rating for PLTR stock is currently 3.13, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $89.60 billion, with 2.10 billion shares outstanding and 2.00 billion shares in the current float. Compared to the average trading volume of 59.44M shares, PLTR stock reached a trading volume of 62428523 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $27.55 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 3.13. 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.
Raymond James have made an estimate for Palantir Technologies Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on September 23, 2024. While these analysts kept the previous recommendation, Northland Capital raised their target price to Market Perform. The new note on the price target was released on August 22, 2024, representing the official price target for Palantir Technologies Inc stock. Previously, the target price had yet another drop from $20 to $18, while Monness Crespi & Hardt kept a Sell rating on PLTR stock. On July 16, 2024, analysts increased their price target for PLTR shares from 21 to 22.
The Average True Range (ATR) for Palantir Technologies Inc is set at 1.34, with the Price to Sales ratio for PLTR stock in the period of the last 12 months amounting to 36.14. The Price to Book ratio for the last quarter was 22.11, with the Price to Cash per share for the same quarter was set at 1.79. Price to Free Cash Flow for PLTR in the course of the last twelve months was 128.66 with Quick ratio for the last quarter at 5.92.
PLTR Stock Performance Analysis:
Palantir Technologies Inc [PLTR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.60. With this latest performance, PLTR shares gained by 32.66% in over the last four-week period, additionally plugging by 74.26% over the last 6 months – not to mention a rise of 154.35% 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 75.93, with the RSI for the last a single of trading hit 78.90, and the three-weeks RSI is set at 73.34 for Palantir Technologies Inc [PLTR]. The present Moving Average for the last 50 days of trading for this stock 32.40, while it was recorded at 38.08 for the last single week of trading, and 24.88 for the last 200 days.
Insight into Palantir Technologies Inc Fundamentals:
Palantir Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.92 and a Current Ratio set at 5.92.
PLTR Stock EPS
With the latest financial reports released by the company, Palantir Technologies Inc posted 0.07/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. 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 24.03%.
Palantir Technologies Inc [PLTR] Institutonal Ownership Details
There are presently around $44.48%, or 46.90%% of PLTR stock, in the hands of institutional investors. The top three institutional holders of PLTR stocks are: VANGUARD GROUP INC with ownership of 201.59 million shares, which is approximately 9.1072%. BLACKROCK INC., holding 119.76 million shares of the stock with an approximate value of $$3.03 billion in PLTR stocks shares; and BLACKROCK INC., currently with $$1.06 billion in PLTR stock with ownership which is approximately 1.8981%.
