Beyond The Numbers: 8 Analysts Discuss Palantir Technologies Stock

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During the last three months, 8 analysts shared their evaluations of Palantir Technologies PLTR, revealing diverse outlooks from bullish to bearish.

In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 1 1 3 1 2
Last 30D 1 0 0 0 0
1M Ago 0 0 0 0 0
2M Ago 0 1 3 1 1
3M Ago 0 0 0 0 1

Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $23.12, along with a high estimate of $35.00 and a low estimate of $9.00. This upward trend is apparent, with the current average reflecting a 13.72% increase from the previous average price target of $20.33.

Exploring Analyst Ratings: An In-Depth Overview

The standing of Palantir Technologies among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below 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
Joseph Bonner Argus Research Announces Buy $29.00 -
Stephen Bersey HSBC Raises Hold $23.00 $22.00
Tyler Radke Citigroup Raises Neutral $25.00 $23.00
Rishi Jaluria RBC Capital Raises Underperform $9.00 $5.00
Gil Luria DA Davidson Raises Neutral $24.00 $19.00
Brad Zelnick Deutsche Bank Raises Sell $20.00 $18.00
Daniel Ives Wedbush Maintains Outperform $35.00 $35.00
Brian White Monness, Crespi, Hardt Announces Sell $20.00 -

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: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Palantir Technologies compared to the broader market.
  • Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Palantir Technologies's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on Palantir Technologies analyst ratings.

Unveiling the Story Behind 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: Financial Performance Dissected

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 March, 2024, the company achieved a revenue growth rate of approximately 20.78%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.

Net Margin: Palantir Technologies's net margin excels beyond industry benchmarks, reaching 16.64%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.91%, the company may need to address challenges in generating satisfactory returns for shareholders.

Return on Assets (ROA): Palantir Technologies's ROA stands out, surpassing industry averages. With an impressive ROA of 2.26%, the company demonstrates effective utilization of assets and strong financial performance.

Debt Management: Palantir Technologies's debt-to-equity ratio is below the industry average. With a ratio of 0.06, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

The Significance of Analyst Ratings Explained

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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