20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
In the latest quarter, 11 analysts provided ratings for Palantir Technologies (NYSE:PLTR), showcasing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 4 | 2 | 1 |
| Last 30D | 0 | 0 | 0 | 0 | 1 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 0 | 2 | 3 | 1 | 0 |
| 3M Ago | 0 | 0 | 0 | 1 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $21.55, a high estimate of $35.00, and a low estimate of $5.00. Observing a 10.17% increase, the current average has risen from the previous average price target of $19.56.
Diving into Analyst Ratings: An In-Depth Exploration
An in-depth analysis of recent analyst actions unveils how financial experts perceive Palantir Technologies. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brian White | Monness, Crespi, Hardt | Announces | Sell | $20.00 | - |
| Daniel Ives | Wedbush | Raises | Outperform | $35.00 | $30.00 |
| Matthew Broome | Mizuho | Raises | Neutral | $21.00 | $18.00 |
| Mariana Perez | B of A Securities | Raises | Buy | $28.00 | $24.00 |
| Matthew Broome | Mizuho | Raises | Neutral | $18.00 | $16.00 |
| Rishi Jaluria | RBC Capital | Maintains | Underperform | $5.00 | - |
| Daniel Ives | Wedbush | Raises | Outperform | $30.00 | $25.00 |
| Brian Gesuale | Raymond James | Raises | Outperform | $25.00 | $22.00 |
| Tyler Radke | Citigroup | Raises | Neutral | $20.00 | $10.00 |
| Brent Thill | Jefferies | Raises | Hold | $22.00 | $13.00 |
| Brent Thill | Jefferies | Lowers | Underperform | $13.00 | $18.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Palantir Technologies. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Palantir Technologies compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Palantir Technologies's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Palantir Technologies's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Palantir Technologies analyst ratings.
About Palantir Technologies
Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.
Palantir Technologies's Financial Performance
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Palantir Technologies's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 19.61%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 15.35%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Palantir Technologies's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.8%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Palantir Technologies's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 2.14%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.07, Palantir Technologies adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Significance of Analyst Ratings Explained
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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