Can Palantir Technologies Stock Surge 2x To $70? [Forbes]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Forbes
Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images) AFP via Getty Images Palantir Technologies stock (NYSE: PLTR) has had a solid run, rising more than 2x since the beginning of the year from levels of about $16 per share in January to about $34 presently, led by surging demand for big data and analytics services on the back of the generative artificial intelligence wave. While the stock witnessed a single-day surge of 14% after S&P Global announced its inclusion in the S&P 500 index on September 6, the bullish trend has been for the long term, which saw the stock rise almost five times since the beginning of 2023 - around 20 months ago. Has the peak been reached? At the current price level, Palantir Technologies stock trades at about 31x trailing revenue. Is this a reasonable multiple? Possibly yes! Especially if you consider the fact that the company's revenues have the potential to grow by more than 20% annually in the next few years. Over the last few years, th
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News
- Lightning Round: Iron Mountain has seen too big of a move up, says Jim Cramer [CNBC]CNBC
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- Palantir's AI Powers Nebraska Medicine: Inks Multi-Million Dollar Deal To Advance Patient Care [Yahoo! Finance]Yahoo! Finance
- Here are Tuesday's biggest analyst calls: Nvidia, Palantir, Amazon, Shopify, Walmart, Microsoft, Palantir, Tesla & more [CNBC]CNBC
PLTR
Earnings
- 8/5/24 - Beat
PLTR
Sec Filings
- 9/18/24 - Form 4
- 9/17/24 - Form 4
- 9/17/24 - Form 144
- PLTR's page on the SEC website