While Palantir Technologies Inc has overperformed by 1.56%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PLTR rose by 392.77%, with highs and lows ranging from $84.80 to $16.03, whereas the simple moving average jumped by 97.70% in the last 200 days.
On January 23, 2025, Wedbush Reiterated Palantir Technologies Inc (NASDAQ: PLTR) to Outperform. A report published by Cantor Fitzgerald on January 17, 2025, Initiated its previous ‘Neutral’ rating for PLTR. Morgan Stanley also rated PLTR shares as ‘Underweight’, setting a target price of $60 on the company’s shares in an initiating report dated January 06, 2025. UBS Initiated an Neutral rating on December 19, 2024, and assigned a price target of $80. Robert W. Baird initiated its ‘Neutral’ rating for PLTR, as published in its report on December 12, 2024. Jefferies’s report from November 07, 2024 suggests a price prediction of $28 for PLTR shares, giving the stock a ‘Underperform’ rating. Argus also rated the stock as ‘Hold’.
Analysis of Palantir Technologies Inc (PLTR)
Further, the quarter-over-quarter increase in sales is 29.98%, showing a positive trend in the upcoming months.
One of the most important indicators of Palantir Technologies Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 12.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 5.67, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and PLTR is recording 82.64M average volume. On a monthly basis, the volatility of the stock is set at 5.06%, whereas on a weekly basis, it is put at 5.39%, with a gain of 4.44% over the past seven days. Furthermore, long-term investors anticipate a median target price of $50.69, showing decline from the present price of $82.49, which can serve as yet another indication of whether PLTR is worth investing in or should be passed over.
How Do You Analyze Palantir Technologies Inc Shares?
The Software – Infrastructure market is dominated by Palantir Technologies Inc (PLTR) based in the USA. When comparing Palantir Technologies Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 417.67, there is a growth in quarterly earnings of 89.61%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 9.74%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 48.20% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PLTR shares are owned by institutional investors to the tune of 48.20% at present.
