On May 26, 2023, Palantir Technologies Inc revealed its collaboration with Ukraine’s Ministry of Digital Transformation. The partnership aims to assist defense and reconstruction initiatives in the aftermath of the Russian invasion. Palantir will focus on assessing the damage to infrastructure and utilizing software to streamline reconstruction, as well as bolstering electronic public services. Additionally, the company will consolidate Ukraine’s digital innovation initiatives to aid its integration into the international market and enhance its digital capabilities. Palantir is committed to supporting projects with the Armed Forces of Ukraine to fortify the country’s defense capabilities. The CEO of Palantir, Alex Karp, has been helping Ukraine’s government in its ongoing battle against Russian forces. The stock has seen an increase of over 115% year-to-date, and last week, Cathie Wood’s Ark Invest purchased an additional 1.26 million shares worth $13 million. Following the partnership announcement, shares of Palantir are trading almost 8% higher at $13.85.
PLTR Stock Analysis: Market Cap, Earnings Growth, and Next Reporting Date
On May 26, 2023, PLTR stock opened at $12.85, slightly higher than the previous day’s close of $12.84. Throughout the day, the stock saw a range of $12.85 to $14.20, with a total volume of 82,015,029 shares traded.
The market cap for PLTR stands at $24.8 billion, with an earnings growth of +33.05% in the last year and a staggering +257.52% in the current year. The revenue growth for the past year was at +23.61%.
PLTR has no competitors data available. The P/E ratio for the stock is not available, but the price/sales ratio stands at 6.95 and the price/book ratio at 9.58.
The next reporting date for PLTR is on August 9, 2023, with an EPS forecast of $0.05 for this quarter. The net profit margin for PLTR stands at -19.61%.
PLTR operates in the technology services sector and the packaged software industry.
Palantir Technologies Inc (PLTR) stock faces -38.67% decrease as analysts predict median target of 8.50
On May 26, Palantir Technologies Inc (PLTR) stock was trading at a price of 13.86. According to data from CNN Money, the 13 analysts who offered 12-month price forecasts for the company had a median target of 8.50, with a high estimate of 15.00 and a low estimate of 5.00. The median estimate represented a -38.67% decrease from the last price of 13.86.
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