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Palantir Technologies Inc. (PLTR)

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41.93 -0.50 (-1.18%)
At close: 4:00 PM EDT
41.67 -0.26 (-0.62%)
After hours: 5:01 PM EDT
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DELL
  • Previous Close 42.43
  • Open 42.40
  • Bid 41.93 x 1100
  • Ask 41.95 x 1400
  • Day's Range 40.36 - 42.49
  • 52 Week Range 14.48 - 44.39
  • Volume 58,770,557
  • Avg. Volume 60,527,798
  • Market Cap (intraday) 93.9B
  • Beta (5Y Monthly) 2.72
  • PE Ratio (TTM) 246.65
  • EPS (TTM) 0.17
  • Earnings Date Nov 4, 2024
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 28.22

Palantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. It also offers Palantir Foundry, a platform that transforms the ways organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides Palantir Apollo, a software that delivers software and updates across the business, as well as enables customers to deploy their software virtually in any environment; and Palantir Artificial Intelligence Platform (AIP) that provides unified access to open-source, self-hosted, and commercial large language models (LLM) that can transform structured and unstructured data into LLM-understandable objects and can turn organizations' actions and processes into tools for humans and LLM-driven agents. The company was incorporated in 2003 and is headquartered in Denver, Colorado.

www.palantir.com

3,661

Full Time Employees

December 31

Fiscal Year Ends

Recent News: PLTR

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Related Videos: PLTR

Wolfspeed CEO on CHIPS grant, Kinetic Automation CEO talks AI: Asking for a Trend

On today's episode of Asking for a Trend, Host Josh Lipton breaks down some of the biggest themes and stories of the trading day. EV chipmaker Wolfspeed (WOLF) is set to receive a $750 million CHIPS Act grant from the US government. Wolfspeed CEO Gregg A. Lowe explains that the funding will go toward expanding two of its facilities in North Carolina and New York, and ultimately drive scale, which will "help keep the advantage of this technology in the United States." With the government's efforts to reshore critical industries like chipmaking, Lowe tells Yahoo Finance, "the semiconductor industry is definitely taking a very strong position of rebuilding that capability here in the United States." He emphasizes the importance of keeping its silicon carbide technology in the US to dispel any worries about trade secrets and intellectual property. Kinetic Automation founder and CEO Nikhil Naikal joins the show to discuss how the startup backed by PayPal (PYPL) and Palantir (PLTR) founder Peter Thiel, leverages artificial intelligence (AI) and robotics to provide repair services to electric vehicles (EVs). "Cars today have transitioned from being predominantly mechanical systems to being digital systems... And when things break, the types of repairs that are needed to bring them back to their originally engineered state of safety requires a lot more thought, precision, and efficiency," he tells Yahoo Finance. All three major indexes (^DJI,^GSPC, ^IXIC) closed lower on Tuesday, and Yahoo Finance markets and data editor Jared Blikre breaks down his key takeaways from the trading day. The financial sector (XLF) leads the market so far this month compared to all other S&P 500 sectors as Big Banks report third quarter earnings. Oil prices (CL=F, BZ=F) diverge from inflation expectations amid macroeconomic uncertainty. Bitcoin (BTC-USD) shows signs of breaking out as it hovers around $67,000. As the bull market marks its two-year anniversary, Market Domination Host Julie Hyman breaks down how the current S&P 500 rally compares to previous bull markets. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Melanie Riehl

Performance Overview: PLTR

Trailing total returns as of 10/16/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

PLTR
144.21%
S&P 500
22.49%

1-Year Return

PLTR
141.53%
S&P 500
35.00%

3-Year Return

PLTR
74.71%
S&P 500
30.66%

5-Year Return

PLTR
319.30%
S&P 500
73.73%

Compare To: PLTR

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Statistics: PLTR

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Valuation Measures

Annual
As of 10/15/2024
  • Market Cap

    95.02B

  • Enterprise Value

    91.28B

  • Trailing P/E

    249.59

  • Forward P/E

    101.01

  • PEG Ratio (5yr expected)

    2.19

  • Price/Sales (ttm)

    40.66

  • Price/Book (mrq)

    23.46

  • Enterprise Value/Revenue

    36.82

  • Enterprise Value/EBITDA

    204.79

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    16.32%

  • Return on Assets (ttm)

    3.98%

  • Return on Equity (ttm)

    11.49%

  • Revenue (ttm)

    2.48B

  • Net Income Avi to Common (ttm)

    404.55M

  • Diluted EPS (ttm)

    0.17

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    4B

  • Total Debt/Equity (mrq)

    6.25%

  • Levered Free Cash Flow (ttm)

    543.77M

Research Analysis: PLTR

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 678.13M
Earnings 134.13M
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

9.00 Low
28.22 Average
41.93 Current
50.00 High
 

Company Insights: PLTR

Research Reports: PLTR

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  • Argus Quick Note: Weekly Stock List for 09/30/2024: Shooting Stars and Falling Angels in 3Q24

    The third quarter of 2024 has been rewarding for equity investors, as the S&P 500 increased another 5% and has gained almost 20% year to date. Surprise, surprise, though, as value was the segment leader in the quarter. The S&P 500 Value Index advanced approximately 7% in the period, while the S&P 500 Growth Index edged only 3% higher. Leading sectors included Real Estate, Utilities, Financial, Healthcare and Industrials, while lagging sectors for the past three months included Information Technology and Energy. The average stock in the Argus Universe of Coverage rose almost 8% during the quarter, while the median stock increased 9%. The average BUY-rated stock rose 8.3%, while the average HOLD-rated stock gained 6.7%. Here are the top-10 and bottom-five performers from the Argus Universe in 3Q24.

     
  • Fed's Favorite Inflation Indicator Out Today

    The Federal Reserve's favorite inflation indicator, the PCE Price Index, will be released by the BEA this morning. PCE differs from the better-known Consumer Price Index because its composition is changed more frequently and it is thus quicker to reflect the impact of real-time pricing fluctuations. In the most recent report, through July, PCE inflation was reported at 2.5% year over year. Core PCE, which removes volatile food and energy prices, rose at a rate of 2.6% in the latest month. Our PCE forecasts are for 2.3% for the headline number and 2.8% for the core reading. Overall, inflation in this cycle peaked in summer 2022 and has been on a fairly consistent downward trek since then. We track 20 inflation measures on a monthly basis. On average, they are indicating that prices are rising at a 2.25% rate year over year, down from 2.70% a month ago. The numbers are volatile and are distorted somewhat by ultra-low readings within the Producer Price Intermediate Goods category, which may well be pointing to easing prices across the inflation spectrum in the months ahead. Focusing on core, our reading is 2.47%, essentially level month over month. That's propped up by sticky prices on shelter and transportation (the Sticky Price Core CPI Index reading is currently 4.1%). Looking ahead, investors are expecting that the Federal Reserve's series of rate hikes ultimately will tame inflation, with the three-year forward expectation rate at 2.17%.

     
  • Palantir’s Earnings: Continued Success in Commercial Sales Drives Home Another Strong Quarter

    Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients’ organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.

    Rating
    Price Target
     
  • Raising target price to $32

    Palantir develops and provides software that enables customers from government agencies to commercial enterprises to integrate data for decision-making and operations at scale. The company initially provided its software to the U.S. intelligence services before broadening its customer base. In 2023, 55% of its revenue was generated by its government segment and 45% from its commercial segment; 38% of revenue was generated outside the U.S. Palantir's class A shares trade publicly under the symbol PLTR. Palantir's super-voting class B and class F shares, held by insiders and founders, do not trade publicly. The company is effectively controlled by founders Alexander Karp, Stephen Cohen, and Peter Thiel through the super-voting class F shares that represent a 49.99% voting interest. Palantir was founded in 2003 and went public at $10 per share on September 30, 2020.

    Rating
    Price Target
     

Top Analysts: PLTR

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Overall Score

Wedbush 76/100
Latest Rating
Outperform
 

Direction Score

Wedbush 72/100
Latest Rating
Outperform
 

Price Score

Wedbush 100/100
Latest Rating
Outperform
 

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