In the latest trading session, 52.09 million Palantir Technologies Inc (NASDAQ:PLTR) shares changed hands as the company’s beta touched 2.80. With the company’s most recent per share price at $86.12 changed hands at -$4.56 or -5.02% at last look, the market valuation stands at $201.99B. PLTR’s current price is a discount, trading about -45.62% off its 52-week high of $125.41. The share price had its 52-week low at $20.33, which suggests the last value was 76.39% up since then.
Analysts gave the Palantir Technologies Inc (PLTR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.88. If we narrow down to specifics, the data shows that 3 out of 14 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended PLTR as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Palantir Technologies Inc’s EPS for the current quarter is expected to be 0.13.
Palantir Technologies Inc (NASDAQ:PLTR) trade information
Instantly PLTR was in red as seen in intraday trades today. With action -30.89%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 13.88%, with the 5-day performance at -30.89% in the red. However, in the 30-day time frame, Palantir Technologies Inc (NASDAQ:PLTR) is 9.05% up.
The consensus price target for the stock as assigned by Wall Street analysts is 77.5, meaning bulls need a downside of -11.12% from its recent market value. According to analyst projections, PLTR’s forecast low is 50 with 105 as the target high. To hit the forecast high, the stock’s price needs a -21.92% plunge from its current level, while the stock would need to tank 41.94% for it to hit the projected low.
Palantir Technologies Inc (PLTR) estimates and forecasts
Year-over-year growth is forecast to reach 32.16% up from the last financial year.
Consensus estimates given by 16 financial analysts project the company’s revenue in the current quarter to hit an average of 873.88M. 16 analysts are of the opinion that Palantir Technologies Inc’s revenue for the current quarter will be 909.92M. The company’s revenue for the corresponding quarters a year ago was 634.34M and 678.13M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 37.76%. The estimates for the next quarter sales put growth at 34.18%.
The 2025 estimates are for Palantir Technologies Inc earnings to increase by 31.66%, but the outlook for the next 5-year period is at 30.99% per year.
Palantir Technologies Inc (NASDAQ:PLTR)’s Major holders
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.4101% or 119.76 million shares worth $3.03 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 64.51 shares estimated at $5.6 billion under it, the former controlled 2.96% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.40% of the shares, roughly 52.44 shares worth around $4.56 billion.
