Technical Analysis of Palantir Technologies Inc NYSE:PLTR

Palantir Technologies was incorporated in 2003 and is headquartered in Denver, CO. Users are able to aggregate data from hundreds of inputs and funnel them into a single view for rapid decision-making and execution. The tool, which looks for and analyzes hidden patterns in deep data sets, has pricing foreign exchange options been used for “predictive policing” and has drawn some criticism because of it.

1. Users are able to aggregate data from hundreds of inputs and funnel them into a single view for rapid decision-making and execution.
2. It also facilitates the handoff from analysts to operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.
3. Today the company builds and deploys solutions for its clients based on three primary offerings.
4. The company’s goal is to augment human intelligence with data-gathering and analytic tools that can change the world for the better.

Palantir Stock Up 76% YTD: Should You Buy or Wait for a Pullback?

Palantir Technologies’ stock was trading at $17.17 on January 1st, 2024. Since then, PLTR stock has increased by 76.8% and is now trading at $30.35. Palantir Apollo is an operating system designed to give continuous delivery and deployment of safe, secure Internet access across all operating environments. The system is 1 of 5 recognized by the Department of Defense as a Mission Critical National Security System and used by businesses and organizations for autonomous software deployment.

About Palantir Technologies Stock (NYSE:PLTR)

The Zacks Consensus Estimate for third-quarter 2024 earnings has increased 12.5% during this period. For 2024 and 2025, eight and seven estimates moved north, respectively, in the same time frame, with no south revision. The Zacks Consensus Estimate for PLTR’s third quarter 2024 earnings is pegged at 9 cents, indicating 28.6% growth from the year-ago level. Earnings in difference between data and information with comparison chart 2024 and 2025 are expected to increase 44% and 22.6% from the prior-year actuals. The company’s sales are expected to increase 26.3% year over year in the third quarter of 2024.

The company’s goal is to augment human intelligence with data-gathering and analytic tools that can change the world for the better. As of 2022, Stephen Cohen, co-founder Alexander Karp, and Peter Thiel were president, CEO, and Chairman respectively. As of the last trading session, the stock closed at $30.16, just shy of its 52-week high of $33.12, and it continues to trade above its 50-day moving average. This reflects the prevailing optimism among investors, many of whom are eager to tap into the rapidly growing artificial intelligence (AI) market. Oracle’s ORCL first-quarter fiscal 2025 results, scheduled to be reported on Sept. 9, are likely to have been driven by the rising demand for the company’s innovative artificial intelligence (AI) solutions.Oracle’s… The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals.

They are expected to rise 24.2% and 21.5% year over year, respectively, in 2024 and 2025. A major shift for Palantir has been its successful expansion beyond its heavy reliance on government contracts, making significant inroads into the commercial sector. The U.S. commercial division has performed exceptionally well, driven by AI-powered operating systems and boot camps as core strategies. In the second quarter of 2024, commercial revenues increased 33% year over year, with U.S. commercial revenues seeing a 55% boost. Originally intended as a tool for the Federal Government, the company has since expanded to serve state and local governments as well as private corporations. The company’s name is based on J.R.R. Tolkien’s Lord of the Rings trilogy.

Should I Buy Palantir Technologies Stock? PLTR Pros and Cons Explained

Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study.

NYSE: PLTRPalantir Technologies Inc Stock

However, documents obtained by The Intercept[84] show that this is not the case. According to these documents, Palantir’s ICM software is considered ‘mission critical’ to ICE. Palantir’s Gotham platform, widely used by government entities, continues to secure long-term contracts, contributing to the company’s solid double-digit sales growth and reliable cash flow.

Palantir Technologies (PLTR) raised $0 in an initial public offering on Wednesday, September 30th 2020. Provides a general description of the business conducted by this company. Thursday trading had 188 unusually active call options with ask prices of $1.00 or less. PLTR has witnessed a remarkable 75.7% year-to-date rise, easily surpassing the broader industry’s 16.5% rally and the Zacks S&P 500 composite’s 16.9% growth.Year-to-Date… The business is set to explode, but the share price has already anticipated this.

Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. With Palantir’s continued rise, many investors face the dilemma of whether to jump in now or wait for a potential pullback. PLTR has witnessed a remarkable 75.7% year-to-date rise, easily surpassing the broader industry’s 16.5% rally and the Zacks S&P 500 composite’s 16.9% growth. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

Palantir’s focus on AI-driven data analytics, cybersecurity and information warfare positions it as a key player in the evolving global security landscape. Palantir Technologies Inc. builds and deploys software platforms to the intelligence community in the U.S. for the purpose of counterterrorism investigations and operations. Palantir Gotham is a software platform enabling users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants. It also facilitates the handoff from analysts to operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.

In the second quarter of 2024, Palantir’s government revenues rose 23% year over year, with U.S. government revenues increasing 24%. The company’s new AI-powered integrations and product offerings have been particularly well-received, not only by its core government clientele but also by a growing number of enterprise customers. Palantir Technologies Inc. is an SaaS company focused on AI and big data analytics. It was founded in 2003 in Denver, Co by well-known investors Peter Thiel and Stephen Cohen among others.

Given Palantir’s strong positioning in the AI and defense sectors, its consistent revenue growth from both government and commercial sectors, and its impressive earnings forecasts, the stock remains a solid buy. The company’s ability to continue winning key government contracts while simultaneously expanding its commercial footprint makes it a compelling long-term investment. As AI continues to drive growth in various industries, Palantir is well-positioned to capitalize on the rising demand for data-driven solutions. Palantir’s AI-driven solutions are at the heart of its business, particularly in strengthening defense capabilities amidst rising geopolitical tensions. A prime example is its recent $480 million U.S. defense contract for its AI system, Maven. The company’s revenue stream is well-balanced, with 55% coming from government contracts and 45% from commercial ventures.

The palanteri are indestructible crystal globes used for seeing across great distances. Gotham was used by fraud investigators at the Recovery Accountability and Transparency Board, a former US federal agency which operated from 2009 to 2015. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

Earnings and Valuation

For example, a price above its moving average is generally considered an upward trend or a buy. This positive outlook is reinforced by upward estimate revisions. In the past 60 days, six estimates for third quarter 2024 earnings have been 5 year treasury note rate constant maturity revised upward, with no downward revisions, reflecting strong analyst confidence in the company.

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