pltr

Palantir Technologies, Inc. (PLTR) is a technology company that develops and sells software for data analytics and security. Here's a detailed analysis:

1. Current Stock Price and Performance: The closing price for PLTR on July 23, 2024, was $28.81, with a 1.23% increase. The trading volume was 31.13 million shares.

2. Market Capitalization and Valuation: The market capitalization of PLTR is $64.16 billion, with a P/E ratio of 214.89 and a P/B ratio of 16.99. The company's EPS TTM is $0.126, and its net profit margin is 16.72%.

3. Revenue Growth and Net Income: Palantir Technologies has a total revenue year-on-year growth rate of 20.78% and a net income of $106.07 million.
4. Analyst Ratings and Price Targets: The consensus rating for PLTR is "Neutral" or "Hold," with an average price target of $22.42, representing a potential downside of 21.55% from the last price of $28.58. However, some analysts have set higher price targets, with the highest at $35.00 and the lowest at $9.00.
5. Recent News and Developments: Palantir Technologies has been in the news for its partnerships and product developments. For example, Oracle announced that Palantir's Foundry Platform and Artificial Intelligence Platform are available across all its distributed cloud deployment options. This could be a significant catalyst for the company's growth.
6. Stock Forecast: Based on technical analysis, the general PLTR stock forecast sentiment is bullish, with a 90% probability of a price between $35.31 and $42.05 at the end of the next 3 months. However, the average price target from analysts represents a downside of 21.55% from the last price.

In conclusion, Palantir Technologies is a high-growth company with a strong market presence. While the stock is currently trading above the average price target, the analyst consensus suggests a potential for a price correction. The recent news of Palantir's technology being deployed across Oracle's platforms could be a significant positive catalyst for the stock. Investors should consider the mixed analyst sentiment and the potential for price volatility based on the P/E ratio and recent price targets.