This will enable PG&E to have an integrated platform, giving decision-makers “a real-time, complete operational picture.” The deal is for several years and is in the multi-million-dollar range. This chart show a possible scenario for the stock next week. Jefferies analyst Brent Thill also reiterated a “Buy” rating on PLTR. My Palantir stock price prediction and price target featured in this video, where I discuss whether Palantir is a buy, or if it's a sell! On Wall Street, only one analyst from Jefferies rates Palantir as a stock to buy with an $18 price target (per Tipranks). By using our website or by closing this message box, you agree to our use of browser capability checks, and to our use of cookies as described in our Cookie Policy. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright © Refinitiv. The stock price of Palantir Technologies Inc (NYSE: PLTR) — a big data analytics company founded by Peter Thiel, Nathan Gettings, Joe Lonsdale, Stephen Cohen, and Alex Karp — increased by 13.21% on Tuesday, November 24, which extends an overall rally of 139.4% over the past month. That represents a gain of 30% over Palantir’s market cap today of just $45 billion. $11.00-67.69%. The stock price of Palantir Technologies Inc (NYSE: PLTR) has been increased from $18 to $30 by Jefferies recently. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/why-pltr-stock-long-term-prospects-are-brighter-than-ever/. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. The Offering All rights reserved. This implies a target price of $7.36, or 68% above its price today of $4.38. Source: Kantar Media, PLTR will report FY 2021 earnings on false, PLTR will report Q4 earnings on 05/13/2021, News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. All rights reserved. Just as software giants like Adobe Systems (NASDAQ:ADBE) and Microsoft (NASDAQ:MSFT) post strong subscription sales each quarter, Palantir will eventually do the same. Their average twelve-month price target is $16.29, predicting that the stock has a possible downside of 52.17%. Credit Suisse analyst Brad Zelnick cut his rating on Palantir stock to underperform, though he did raise his price target to 17 from 13. Not much, actually. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. The price was still rejected at the support of 31 usd. PLTR Stock: 13 Things to Know About Frequent WSB Reddit Target Palantir on Demo Day Jan. 26, 2021 at 10:38 a.m. Palantir Technologies (NYSE:PLTR) had its target price hoisted by investment analysts at Jefferies Financial Group from $18.00 to $30.00 in a research note issued on Monday, Briefing.com reports. Palantir Technologies Inc - Class A Stock Forecast, PLTR stock price prediction. The company helps its customers cut costs and dramatically accelerate revenue. PLTR stock has a short float of 9.3% but investors should not treat the short-covering event as a positive catalyst that will last. Instead, the analyst values the stock on its revenues. PLTR Stock Trend The stock lies in the middle of a very wide and strong rising trend in the … Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. This is not precise of course, but the trend would be this (growth). Only six analysts offer a price target on Palantir. The average consensus rating is a “hold.”  Notice the 31.8% sales growth lags the forward price-earnings ratio of over 100x. The stock currently has a Moderate Sell consensus rating based on 1 Buy, and 3 Holds and Sells, each. That incredibly quick return on investment is attracting more customers. Your comments are welcome. Avg Forecast. Discounted Cash Flow model indicates US$19 per share possible if Palantir executes well. markets. These are the details. As such, Thill isn’t able to attach a “P/E” multiple to a stock that has no GAAP “E”. At This will weigh on the near-term results. $18.67-45.18%. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Even with the upgrades, the average PLTR stock forecast would indicate a sharp drop in the share price from the $27 level where the stock was trading on December 10. Chances are very high that the software firm will do that. Its complexity will require more trained staff to support customers. Overall, the analysts expect shares to pullback significantly as the $14.50 average price target indicates. Palantir Technologies Inc Stock Forecast, Predictions & Price Target Add to Watchlist. If anything, volatility will rise for this stock, increasing the related option prices. Palantir will need to continue posting bigger contracts to justify the current valuations. The average 12-month […] Find real-time PLTR - Palantir Technologies Inc stock quotes, company profile, news and forecasts from CNN Business. So, giant companies like Rio will need to operate more efficiently to survive. No other software company offers the same product. Palantir shares could dip if analysts are justified in their caution. News are good for Palantir (Q3). Palantir’s Hold consensus rating is based on 1 Buy, 3 Holds and 2 Sells. On Jan. 19, Palantir said it would provide Pacific Gas and Electric Company (NYSE:PCG) with its Foundry software. We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. Palantir Technologies Inc. (NYSE:PLTR) trade information. A discount to that level is highly unlikely, though. 1125 N. Charles St, Baltimore, MD 21201. Palantir Vs. Alteryx Stock. Data may be intentionally delayed pursuant to supplier requirements. Palantir’s stock pummeled after Morgan Stanley recommends selling ... Weiss nudged up his stock price target to $17 from $15, but the new target is still 24.2% below current levels. Palantir stock's post-IPO run continues as the company's Foundry software is set to help BP become a net-zero emissions business by 2050. The company will need to increase its operating expenses to hire staff as it wins more customer contracts. This is the first U.S. utility customer for Palantir. The company’s product update on each of its platforms – Foundry, Gotham, and Apollo – will lift sales in 2021. International stock quotes are delayed as per exchange requirements. The P/E to growth (or PEG) is over 3x. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. 1125 N. Charles St, Baltimore, MD 21201. ET on InvestorPlace.com Palantir Is a Great Software Stock to Buy and Hold 05 2021 Global Head of Business Development Kevin Kawasaki said that one of its customers benefited from its Foundry modules and software-defined data integration. In light of stocks with the highest short float getting squeezed, Palantir Technologies (NYSE:PLTR) may get a slight boost. Shares of Palantir Technologies Inc. (NYSE:PLTR) have been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat.com reports. 9 Non-Crypto Stocks Boosted by BTC Exposure >>>, Source: Sundry Photography / Shutterstock.com, Why Palantir’s Long-Term Prospects Are Brighter than Ever, 5 Stocks to Buy as Potential ‘Apple Car’ Partners, 7 F-Rated Growth Stocks to Sell Sooner Than Later, Louis Navellier and the InvestorPlace Research Staff, 4 Marijuana Stocks for the Cannabis Comeback, Merger Anticipation Could Drive Ackman’s Pershing Square Tontine Higher, Nokia Is Now Free Cash Flow Positive, Making NOK Stock Worth Much More, 7 Hot Robinhood and Reddit Stocks That Are Likely to See Price Action Soon, 7 Penny Stocks That Actually Have Buy Ratings. Fundamental company data and analyst estimates provided by FactSet. The mining and metals market is highly competitive. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Investors more interested in holding the underlying shares should wait for the price to settle. Jefferies Financial Group’s price objective would indicate a potential upside of 23.10% from the company’s current price. It achieved this within a few hours of use. Copyright © 2021 InvestorPlace Media, LLC. The stock price of Palantir Technologies Inc (NYSE: PLTR) has been increased from $18 to $30 by Jefferies recently. According to Tipranks , the stock has a downside target of $18.80. The company has a market capitalization of above the $45 billion range. Investors with a long-term view of Palantir’s prospects will watch the growth in recurring (subscription) revenue. Nasdaq And as the pandemic continues, the company may optimize its value chains to maximize the safety of its staff and customers. But if the indices lose momentum, investors may sell Palantir stock, too. quotes delayed at least 15 minutes, all others at least 20 minutes. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The analysts also set a $13 price target for Palantir shares, implying a 31% rally over the next 12 months from Monday's close. A drop in the share price would give investors who missed the $10 post-initial public offering entry price. Morgan Stanley’s analysts posted the most recent analysis on the stock, citing valuation concerns. Palantir Technologies Inc. analyst ratings, historical stock prices, earnings estimates & actuals. The rest of the Street is on the same page. Word travels fast. 8 Wall Street analysts have issued ratings and price targets for Palantir Technologies in the last 12 months. Patience will pay off for shareholders as the company continues to grow. On Jan. 28, the company announced a multi-year enterprise agreement for its Foundry Platform with Rio Tinto (NYSE:RIO). Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Wall Street analysts have a consensus price target for the stock at $17.83, which means that the shares’ value could jump -47.64% from current levels. Price target in 14 days: 42.982 USD. The high price target for PLTR is $30.00 and the low price target for PLTR is $10.00. According to Tipranks, the stock has a downside target of $18.80. The projected low price target is $13 while the price target rests at a high of $30. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Even if we assume a 2.0% FCF yield, PLTR stock will still be worth 13% more at $51 billion. Palantir’s 49% jump in the last month contradicts the analyst’s opinion. Overview Forecast. When it reports quarterly results in the weeks ahead, management may raise its guidance. 2021 InvestorPlace Media, LLC. The Palantir Analyst: Citi downgrades Palantir's stock to Sell/High Risk and raises the price target from $10 to $15. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. PLTR stock has a solid moat in its platform and products. Palantir Technologies Inc (PLTR stock) price drops as a major institution issues a bold downgrade ... but the new price target sees a near 40% downside from current levels. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. According to analysts' consensus price target of $16.29, Palantir Technologies has a forecasted downside of 52.2% from its current price of $34.05. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. For example, in the third quarter, Palantir posted impressive customer additions. Palantir’s stock debuted Sept. 30 at $10 a share and trades around $28 at time of publishing; 78% of Benzinga investors said Palantir would reach $50 per share by … Earnings Dividend Ownership Statistics. Other software customers will lose business while Palantir takes on more work. (See Palantir stock analysis on TipRanks) Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Demo day and new multi-year contracts are the most recent events that matter more. Positing a $30 price target (up from $18 previously) and a Buy rating, Thill argues that Palantir stock deserves a premium valuation even relative to other high-growth peer stocks. Copyright © FactSet Research Systems Inc. All rights reserved. All rights reserved. Government customers may increase their contract scope as their budget allows. Amount of Analyst Coverage Palantir Technologies has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in … Using its enterprise resource planning suite, the customer had already saved over $50 million. 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