For me, the long-term growth potential of PLTR as a leader in big data is significant, especially as it capitalizes on emerging industries. My target price of $100 reflects this bullish outlook, supported by the company’s growth trajectory and market trends.
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Palantir Technologies Inc. (PLTR) - Stock Analysis
Business and Industry: Palantir Technologies Inc. operates in the data analytics industry, providing software solutions for data integration, management, and analysis. The demand for data analytics is growing, as businesses increasingly rely on data-driven decision-making processes. This positions PLTR well in the market.
Latest Earnings and Earnings Forecast: PLTR's latest earnings report for Q2 2024 showed an EPS of $0.06 with a gross profit margin of 81.04% and a net profit margin of 19.78%. The company's earnings forecast for the next few years is as follows:
2024FY: EPS forecast of $0.36, gross income forecast of $2.76B, and EBIT forecast of $971.03M.
2025FY: EPS forecast of $0.43, gross income forecast of $3.33B, and EBIT forecast of $1.15B.
2026FY: EPS forecast of $0.52, gross income forecast of $3.99B, and EBIT forecast of $1.45B.
Recent Trends: As of October 10, 2024, the stock price of PLTR is $43.52, with a support price of $35.93 and a resistance price of $43.53. The average cost is $33.30. In terms of capital flow, there has been a mixed trend over the last few days, with inflow and outflow values fluctuating.
Analyst Views: Out of the 16 analysts covering PLTR, the recommendations are as follows: 1 buy, 9 hold, 4 underperform, and 2 sell. The mean target price estimate is $28.22, with a low estimate of $9.00 and a high estimate of $50.00.
Recent News: Please refer to news and articles for the latest updates on PLTR.
Disclaimer: The above analysis provides insights into the company's business, earnings, stock trends, and analyst recommendations. It is important to note that this information is for reference purposes only and should not be considered as investment advice. Investing in the stock market carries inherent risks, and stock prices can fluctuate. It is advisable to conduct thorough research and analysis, considering individual investment goals and risk tolerance, before making any investment decisions.
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