Palantir (PLTR) Levels Off

Shares of Technology sector company Palantir Technologies moved -0.6% today, and are now trading at a price of $15.91. The large-cap stock's daily volume was 60,777,128 compared to its average volume of 62,138,561. The S&P 500 index returned a 0.0% performance.

Palantir Technologies Inc. builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company is based in Denver and has 3,850 full time employees. Its market capitalization is $33,699,295,232.

13 analysts are following Palantir Technologies and have set target prices ranging from $5.0 to $18.0 per share. On average, they have given the company a rating of hold. At today's prices, PLTR is trading 61.01% away from its average analyst target price of $9.88 per share.

Over the last year, PLTR's share price has increased by 97.0%, which represents a difference of 82.0% when compared to the S&P 500. The stock's 52 week high is $17.16 per share whereas its 52 week low is $5.92. With average free cash flows of $4.44 Million that have been growing at an average rate of 19.4% over the last 4 years, Palantir Technologies is in a position to continue its strong stock performance trend.

Date Reported Cash Flow from Operations ($ k) Capital expenditures ($ k) Free Cashflow ($ k) YoY Growth (%)
2022-12-31 223,737 -40,027 183,710 -42.81
2021-12-31 333,851 -12,627 321,224 204.01
2020-12-31 -296,608 -12,236 -308,844 -73.21
2019-12-31 -165,215 -13,096 -178,311 n/a
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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