Palantir Stock Rises 5% Amid Analyst Upgrades
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy PLTR?
Source: Yahoo Finance
- Stock Recovery: Palantir's stock rose 5% on February 18, nearing $140, despite a 32% decline since the Q3 earnings report, indicating a potential recovery in investor confidence amidst ongoing valuation concerns.
- Analyst Rating Upgrade: Mizuho Financial Group upgraded Palantir's stock rating to outperform from neutral on February 18, reiterating a $195 price target based on the company's unique revenue growth and margin expansion, reflecting optimism about its future performance.
- Strategic Partnership: Palantir entered a strategic partnership with Rackspace Technology to expedite the deployment of its Foundry and AI platform in production environments, which is expected to significantly reduce the time for customers to implement AI applications, thereby enhancing market competitiveness.
- Government Authorization Expansion: The Defense Information Systems Agency has authorized Palantir's Federal Cloud Service Forward, extending its existing authorization levels to allow deployment across various environments, further strengthening its market position in government and regulated industries.
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Analyst Views on PLTR
Wall Street analysts forecast PLTR stock price to rise
17 Analyst Rating
5 Buy
10 Hold
2 Sell
Hold
Current: 133.020
Low
50.00
Averages
192.88
High
255.00
Current: 133.020
Low
50.00
Averages
192.88
High
255.00
About PLTR
Palantir Technologies Inc. is engaged in building software to assist in counterterrorism investigations and operations. The Company has built four principal software platforms, including Palantir Gotham (Gotham), Palantir Foundry (Foundry), Palantir Apollo (Apollo), and Palantir Artificial Intelligence Platform (AIP). Apollo is a cloud-agnostic, single control layer that coordinates ongoing delivery of new features, security updates, and platform configurations, helping to ensure the continuous operation of critical systems. Gotham enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants. Foundry transforms the ways organizations operate by creating a central operating system for their data. AIP enables responsible artificial intelligence (AI)-advantage across the enterprise by using primary, core components built to effectively activate large language models and other AI within any organization.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Palantir Technologies Stock Soars Amid AI Boom
- Significant Stock Growth: Palantir's shares have surged 1,200% over the past three years, driven by consistent earnings growth and positive outlook on demand, attracting early investors' interest.
- Valuation Concerns: Despite the impressive stock rise, high valuation has caused some investors to worry, leading to a 25% decline in stock price this year, reflecting market caution regarding future demand.
- Commercial Customer Expansion: Palantir has increased its U.S. commercial customer base from under 20 five years ago to over 500 today, with the latest quarter's U.S. commercial contract value exceeding $1.3 billion, marking a 67% year-over-year increase, showcasing its successful business transformation.
- AI Platform Driving Growth: The launch of Palantir's Artificial Intelligence Platform (AIP) in 2023 provides customers with a fast and cost-effective way to implement AI, further boosting revenue growth and enhancing market competitiveness.
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- Housing Market Recovery: December housing starts increased by 6.2% month-over-month to 1.404 million, significantly surpassing the expected 1.304 million, suggesting a recovery in the housing market that could stimulate investment and consumption in related sectors.
- Manufacturing Production Growth: January manufacturing production rose by 0.6% month-over-month, stronger than the expected 0.4%, marking the largest increase in 11 months, indicating a recovery in manufacturing that supports overall economic growth expectations.
- Optimistic Stock Market Performance: Over 75% of S&P 500 companies reported earnings that beat expectations, with Q4 earnings growth projected at 8.4%, providing strong support for the stock market despite lingering doubts about future interest rate policies.
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Palantir Stock Rises 5% Amid Analyst Upgrades
- Stock Recovery: Palantir's stock rose 5% on February 18, nearing $140, despite a 32% decline since the Q3 earnings report, indicating a potential recovery in investor confidence amidst ongoing valuation concerns.
- Analyst Rating Upgrade: Mizuho Financial Group upgraded Palantir's stock rating to outperform from neutral on February 18, reiterating a $195 price target based on the company's unique revenue growth and margin expansion, reflecting optimism about its future performance.
- Strategic Partnership: Palantir entered a strategic partnership with Rackspace Technology to expedite the deployment of its Foundry and AI platform in production environments, which is expected to significantly reduce the time for customers to implement AI applications, thereby enhancing market competitiveness.
- Government Authorization Expansion: The Defense Information Systems Agency has authorized Palantir's Federal Cloud Service Forward, extending its existing authorization levels to allow deployment across various environments, further strengthening its market position in government and regulated industries.
See More
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- Google's AI Potential: Google's Gemini generative AI platform is rapidly growing, with analysts expecting revenue and EPS to grow at CAGRs of 15% and 12% from 2025 to 2028, highlighting its strong potential in the digital advertising and cloud infrastructure markets.
- Amazon's Market Advantage: As the world's largest e-commerce and cloud infrastructure company, Amazon leverages AWS profits to expand its retail business, with analysts projecting revenue and EPS growth at CAGRs of 12% and 18% from 2025 to 2028, indicating robust future growth.
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Palantir Technologies Stock Rises 1.77% Following Upgrade and AI Partnerships
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- Surge in Trading Volume: Trading volume reached 58.4 million shares, approximately 29% above the three-month average, indicating increased investor interest in Palantir and potentially signaling future market activity.
- Rating Upgrade: Mizuho upgraded Palantir's stock to a buy rating with a price target of $195, highlighting its unique revenue growth and margin expansion, which indicates market recognition of its long-term potential.
- Headquarters Relocation Impact: Palantir's move from Denver to Miami may affect its tax expenses and talent acquisition, further strengthening its position in a competitive market landscape.
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- Amazon's Market Leadership: As the world's largest e-commerce and cloud infrastructure company, Amazon's AWS business supports its retail operations, with projected revenue and EPS growth rates of 12% and 18% from 2025 to 2028, showcasing its potential in the rapidly growing AI market.
- Investment Value: Despite market volatility, analysts still view Alphabet and Amazon as evergreen stocks worth investing in, indicating that Robinhood investors are leaning towards stable blue-chip stocks rather than more speculative ones.
See More
Palantir Technologies Stock Soars Amid AI Boom
- Significant Stock Growth: Palantir's shares have surged 1,200% over the past three years, driven by consistent earnings growth and positive outlook on demand, attracting early investors' interest.
- Valuation Concerns: Despite the impressive stock rise, high valuation has caused some investors to worry, leading to a 25% decline in stock price this year, reflecting market caution regarding future demand.
- Commercial Customer Expansion: Palantir has increased its U.S. commercial customer base from under 20 five years ago to over 500 today, with the latest quarter's U.S. commercial contract value exceeding $1.3 billion, marking a 67% year-over-year increase, showcasing its successful business transformation.
- AI Platform Driving Growth: The launch of Palantir's Artificial Intelligence Platform (AIP) in 2023 provides customers with a fast and cost-effective way to implement AI, further boosting revenue growth and enhancing market competitiveness.
See More
US Stocks Close Higher on Strong Economic Data
- Strong Economic Data: US December capital goods new orders rose 0.6% month-over-month, exceeding expectations of 0.3%, indicating a rebound in capital spending that boosts market confidence and drives stock prices higher.
- Housing Market Recovery: December housing starts increased by 6.2% month-over-month to 1.404 million, significantly surpassing the expected 1.304 million, suggesting a recovery in the housing market that could stimulate investment and consumption in related sectors.
- Manufacturing Production Growth: January manufacturing production rose by 0.6% month-over-month, stronger than the expected 0.4%, marking the largest increase in 11 months, indicating a recovery in manufacturing that supports overall economic growth expectations.
- Optimistic Stock Market Performance: Over 75% of S&P 500 companies reported earnings that beat expectations, with Q4 earnings growth projected at 8.4%, providing strong support for the stock market despite lingering doubts about future interest rate policies.
See More
Palantir Stock Rises 5% Amid Analyst Upgrades
- Stock Recovery: Palantir's stock rose 5% on February 18, nearing $140, despite a 32% decline since the Q3 earnings report, indicating a potential recovery in investor confidence amidst ongoing valuation concerns.
- Analyst Rating Upgrade: Mizuho Financial Group upgraded Palantir's stock rating to outperform from neutral on February 18, reiterating a $195 price target based on the company's unique revenue growth and margin expansion, reflecting optimism about its future performance.
- Strategic Partnership: Palantir entered a strategic partnership with Rackspace Technology to expedite the deployment of its Foundry and AI platform in production environments, which is expected to significantly reduce the time for customers to implement AI applications, thereby enhancing market competitiveness.
- Government Authorization Expansion: The Defense Information Systems Agency has authorized Palantir's Federal Cloud Service Forward, extending its existing authorization levels to allow deployment across various environments, further strengthening its market position in government and regulated industries.
See More
Robinhood Investors Favor Blue-Chip Stocks
- Investor Preferences: The ten most owned stocks on Robinhood include blue-chip stocks like Amazon, Apple, and Alphabet, indicating that investors are still focused on high-growth tech plays, even as they avoid more speculative stocks.
- Google's AI Potential: Google's Gemini generative AI platform is rapidly growing, with analysts expecting revenue and EPS to grow at CAGRs of 15% and 12% from 2025 to 2028, highlighting its strong potential in the digital advertising and cloud infrastructure markets.
- Amazon's Market Advantage: As the world's largest e-commerce and cloud infrastructure company, Amazon leverages AWS profits to expand its retail business, with analysts projecting revenue and EPS growth at CAGRs of 12% and 18% from 2025 to 2028, indicating robust future growth.
- Investment Recommendation: Analysts view both Alphabet and Amazon as evergreen stocks worth investing in, and Robinhood investors' choices reflect confidence in these stocks, especially amid current market volatility, showcasing their long-term investment value.
See More
Palantir Technologies Stock Rises 1.77% Following Upgrade and AI Partnerships
- Stock Price Increase: Palantir Technologies' stock rose by 1.77% to close at $135.38, primarily driven by a Mizuho upgrade and new AI partnerships, reflecting market confidence in the company's future growth prospects.
- Surge in Trading Volume: Trading volume reached 58.4 million shares, approximately 29% above the three-month average, indicating increased investor interest in Palantir and potentially signaling future market activity.
- Rating Upgrade: Mizuho upgraded Palantir's stock to a buy rating with a price target of $195, highlighting its unique revenue growth and margin expansion, which indicates market recognition of its long-term potential.
- Headquarters Relocation Impact: Palantir's move from Denver to Miami may affect its tax expenses and talent acquisition, further strengthening its position in a competitive market landscape.
See More
Robinhood Investors Favor Alphabet and Amazon Stocks
- Investor Preference: On the Robinhood platform, Alphabet and Amazon are the most favored stocks, each receiving 58 buy ratings, indicating strong investor confidence and reflecting market recognition of their long-term growth potential.
- Alphabet's Diversification: With a robust ecosystem that includes a search engine, cloud services, and a generative AI platform, Alphabet is expected to grow its revenue and EPS at CAGRs of 15% and 12% from 2025 to 2028, demonstrating its ongoing expansion capabilities in the digital advertising and cloud markets.
- Amazon's Market Leadership: As the world's largest e-commerce and cloud infrastructure company, Amazon's AWS business supports its retail operations, with projected revenue and EPS growth rates of 12% and 18% from 2025 to 2028, showcasing its potential in the rapidly growing AI market.
- Investment Value: Despite market volatility, analysts still view Alphabet and Amazon as evergreen stocks worth investing in, indicating that Robinhood investors are leaning towards stable blue-chip stocks rather than more speculative ones.
See More
