Palantir Technologies Inc [PLTR] stock is trading at $80.55, up 8.54%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PLTR shares have gain 5.89% over the last week, with a monthly amount glided 29.67%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Palantir Technologies Inc [NASDAQ: PLTR] stock has seen the most recent analyst activity on December 19, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $80. Previously, Robert W. Baird started tracking the stock with Neutral rating on December 12, 2024, and set its price target to $70. On November 07, 2024, downgrade downgraded it’s rating to Underperform but maintained its price target of $28 on the stock. Argus downgraded its rating to a Hold. Raymond James downgraded its rating to a Mkt Perform. Northland Capital started tracking with a Market Perform rating for this stock on August 22, 2024, and assigned it a price target of $35. In a note dated August 06, 2024, Monness Crespi & Hardt reiterated an Sell rating on this stock and revised its target price from $20 to $18.
Palantir Technologies Inc [PLTR] stock has fluctuated between $15.66 and $80.91 over the past year. Currently, Wall Street analysts expect the stock to reach $42.17 within the next 12 months. Palantir Technologies Inc [NASDAQ: PLTR] shares were valued at $80.55 at the most recent close of the market. An investor can expect a potential drop of -47.65% based on the average PLTR price forecast.
Analyzing the PLTR fundamentals
Palantir Technologies Inc [NASDAQ:PLTR] reported sales of 2.65B for the trailing twelve months, which represents a growth of 29.98%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.12 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 74.48 points at the first support level, and at 68.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 83.64, and for the 2nd resistance point, it is at 86.73.
Ratios To Look Out For
For context, Palantir Technologies Inc’s Current Ratio is 5.67. In addition, the Quick Ratio stands at 5.67 and the Cash Ratio stands at 0.81. Considering the valuation of this stock, the price to sales ratio is 75.26, the price to book ratio is 40.65 and price to earnings (TTM) ratio is 407.85.
Transactions by insiders
Recent insider trading involved Glazer David A., that happened on Dec 12 ’24 when 0.32 million shares were sold., Cohen Stephen Andrew completed a deal on Dec 12 ’24 to sell 0.45 million shares. Meanwhile, Cohen Stephen Andrew sold 0.45 million shares on Dec 11 ’24.
