Article printed from InvestorPlace Media, https://investorplace.com/2021/01/pltr-stock-all-eyes-are-on-palantir-with-demo-day-action/. PLTR updated stock price target summary. PLTR stock forecast. Palantir Technologies Inc - Class A Stock Price Forecast, "PLTR" Predictons for2023 Palantir Technologies Inc. holds several positive signals and is within a strong rising trend. Based on 6 analysts offering 12 month price targets for Palantir Technologies in the last 3 months. PLTR Stock Forecast. Palantir Technologies' (NYSE: PLTR) shares have performed remarkably well during its short time as a public company. Based on our forecasts, a long-term increase is expected, the "PLTR" stock price prognosis for 2026-01-23 is 412.256 USD. Palantir Technologies Inc (PLTR:NYQ) forecasts: consensus recommendations, research reports, share price forecasts, dividends, and earning history and estimates. I estimate that PLTR stock will climb up to another 36% from here, due to its forecast FCF profitability next year. We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. But let’s get serious about the valuation. ^ PLTR: Intraday Forecast Similar Waves Research Timing Gains Losses Strategies Practice Wed. Jan. 27, 2021: Trading Signals: PLTR Stock Price Prediction and Forecast (Wed. Sep. 30, 2020 - Wed. Jan. 27, 2021) (Palantir Technologies Inc.) Given the current short-term trend, the stock is expected to rise 76.42% during the … PLTR stock opened at $10 per share in its first day of trading via a direct listing on the New York Stock Exchange (NYSE) on September 30, up from its pre-launch price of $7.50 per share. In other words, Wall Street is highly skeptical. The Palantir Technologies Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. featured in The Global Fintech Index 2020 as the top Fintech company of the country. That is the only way their targets will be close to today’s price. liable for your own investment decisions and agree to The stock has climbed 194% over the past month of trading, far exceeding analysts expectations. The average price target is $18.80 with a high forecast of $30.00 and … Support: $32.58. At least one major Wall Street analyst is still unconvinced about the recent spike in PLTR stock. Users should not base their investment decision upon "StockInvest.us". What this means: InvestorsObserver gives Palantir Technologies Inc Cl A (PLTR) an overall rank of 33, which is below average. A sell signal was issued from a pivot top point on Wednesday, January 27, 2021, and so far it has fallen -7.56%. Well, because right now, PLTR may have already moved up too far too fast. Why am I not as optimistic on this stock? The stock traded around the $9-10 per share level in October, then climbed during November to reach a high of $29.05 per share, a 190.5 per cent gain. Copyright © 2021 InvestorPlace Media, LLC. Signals & Forecast. During the day the stock fluctuated 9.28% from a day low at $35.89 to a day high of $39.22. The Palantir Technologies Inc - Class A stock forecast is 114.469081 USD for 2022 … Find real-time PLTR - Palantir Technologies Inc stock quotes, company profile, news and forecasts from CNN Business. At least, that is my working theory on why the stock has been moving up so dramatically. A breakdown below any of these levels will issue sell signals. At $32.58 on Jan. 22 — the day PLTR stock rose 26% in one session — the company had a market capitalization of over $56.76 billion. For example, based on estimates from Seeking Alpha, the stock is trading at about 53 times sales forecast for 2020 and 40 times for 2021. $34.08 8 Wall Street analysts have issued 1-year price targets for Palantir Technologies' shares. S&P 500 3,886.83 DOW 31,148.24 There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. Palantir specialises in big data analytics, in particular … In total, 72 million shares were bought and sold for approximately $2.59 billion. Real-time data provided for free by IEX. The market seems to think that analysts are not pricing PLTR properly since its business is much stronger than it appears. View Palantir Technologies Inc. PLTR investment & stock information. Get the latest Detailed Estimate from Zacks Investment Research. Wall Street analysts have a consensus price target for the stock at $17.83, which means that the shares’ value could jump -47.64% from current levels. 1125 N. Charles St, Baltimore, MD 21201. As the old saying says, "Let the trend be your friend.'". Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 million more shares were traded than the day before. But even if PLTR stock moves up as a result of management’s presentation, it seems clear that it is at a peak valuation. On average, they expect Palantir … Finally, the company’s competition — especially when it comes to government contracts — will increase. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The last rating was given by Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell on January 13, 2021. Mark Hake runs the Total Yield Value Guide which you can review here. However, if we discount this back to present value using a 15% discount rate, earnings fall to 24.2 cents per share. Source: Prospectus With a share count of 1.7 billion and the share price at … Notice that on April 30, 2020, the retirement of all shares of treasury stock was executed. We surveyed a group of over 200 investors on whether shares of Palantir (NYSE:PLTR) will reach $50 by 2022. The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Get the latest Palantir Technologies Inc. PLTR detailed stock quotes, stock … For these reasons, the Citi Bank analyst’s overall price target is just $15, over 50% below its price today. "StockInvest.us" is a research service that provides financial data and technical analysis of publicly traded stocks. There is a sell signal from a pivot top found 8 day(s) ago.). Copyright © All rights reserved. Over the last 30 days, this security got 1 buy, 2 sell and 0 hold ratings. And he is not the only one on Wall Street that is skeptical. Moreover, Palantir’s FCF is driven by higher sales. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). The current price is about -61.38% off the estimated low and 15.87% off the forecast high, based on this estimate. Odds are that the latter is the case. That is based on earnings per share (EPS) estimates of just 12 cents for 2021. All users should speak with their financial advisor before buying or selling any securities. Shares of Palantir Technologies (NYSE:PLTR) are on the move for a second day. For example, based on estimates from Seeking Alpha, the stock is trading at about 53 times … However, I highly doubt that analysts will change their minds and double their targets on PLTR stock just because of one presentation by the company. Their forecasts range from $10.00 to $30.00. The predicted opening price is based on yesterday's movements between high, low, and the closing price. The $30 level is in sight according to Jeffries, but the road ahead may be more tricky. The Palantir Technologies Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also … Either they were really off when they priced the initial public offering (IPO), or business has really picked up since then. This is considered to be a good technical signal. Hence the rise for Palantir’s Demo Day presentations. PLTR: Palantir Technologies Inc. This puts the 2026 present value P/E to 134 times — still astronomically high. In this case, Palantir Technologies Inc. finds support just below today's level at $32.58. According to Marketbeat.com, the average price target of eight analysts is $16.29, also more than half of PLTR’s current price of about $35. For example, the valuation does not even fall to a reasonable number until EPS estimates for the year ending 2026. This is why we are offering FREE 14 days TRIAL SUBSCRIPTIONS with no further commitments. Resistance: $36.23 We are all together in this COVID-19 pandemic. This stock may move very much during a day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". Given the current short-term trend, the stock is expected to rise 59.65% during the next 3 months and, with a 90% probability hold a price between $46.20 and $65.47 at the end of this 3-month period. People think there will be reason to reevaluate the earnings prospects for the company. The firm is already valued … The same holds true for Yahoo! Palantir Technologies Inc. (NYSE:PLTR) trade information. The price target was set to $10.00 → $15.00. Your losses are our losses too. , and has now gained 5 days in a row. At that level, PLTR’s share price would be … From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day! Investors will be thrilled if PLTR’s share price rises to $16, which is the median consensus price. This is especially the case if Palantir’s pandemic contracts aren’t renewed. Palantir Technologies Inc Cl A is in the … Palantir Technologies (NYSE: PLTR) has seen an incredible debut on Wallstreet. During the last day, the stock moved $3.33 between high and low, or 9.28%. As a result of Demo Day, maybe analysts will be able to raise their earnings estimates, at least for the out years. Don’t forget that with prices 50% below the present price, analysts will have to double their target prices. View Palantir Technologies' (NYSE:PLTR) earnings history, next earnings date and earnings forecasts from top-rated Wall Street analysts at MarketBeat. Maybe they will raise their price targets a bit, based on higher earnings estimates. According to Seeking Alpha, the price-to-earnings ratio for 2021 is 281 times analysts’ average earnings estimates. This puts the stock on a forward price-earnings multiple of roughly 58 times, albeit six years in the future. Nasdaq We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy Candidate to a Strong Buy Candidate candidate. Correction after recent Elliot wave, fractal to its longer staged Elliot wave starting from 5th November 2020. Detailed Estimate. Palantir Technologies (NYSE:PLTR) rose about 26% in one day last week, in anticipation of its upcoming Demo Day scheduled for Jan. 26 after the market close. (-5.48%) Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. 9 Non-Crypto Stocks Boosted by BTC Exposure >>>, All Eyes Are on Palantir Technologies With Its Demo Day Action, 53 times sales forecast for 2020 and 40 times for 2021, 281 times analysts’ average earnings estimates, 5 Stocks to Buy as Potential ‘Apple Car’ Partners, 7 F-Rated Growth Stocks to Sell Sooner Than Later, Louis Navellier and the InvestorPlace Research Staff, 4 Marijuana Stocks for the Cannabis Comeback, Merger Anticipation Could Drive Ackman’s Pershing Square Tontine Higher, Nokia Is Now Free Cash Flow Positive, Making NOK Stock Worth Much More, 7 Hot Robinhood and Reddit Stocks That Are Likely to See Price Action Soon, 7 Penny Stocks That Actually Have Buy Ratings. That is when 2026 EPS is forecast to hit 56 cents per share. TipRanks.com reports a similar consensus price of 7 analysts at $17.33 per share. 2021 InvestorPlace Media, LLC. On the date of publication, Mark R. Hake did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. Of course, maybe their minds will be changed by Demo Day. Indeed, it is hard to know what to make of … Volume is rising along with the price. That makes me think that either the underwriters or management made a big mistake. Price: $36.05 (This stock has very high daily movements and this gives very high risk. On the downside, the stock finds support just below today's level from accumulated volume at $32.58 and $29.05. For the last week, the stock has had a daily average volatility of 8.83%. The price has been going up and down for this period, and there has been a -0.5% loss for the last 2 weeks. Find the latest Palantir Technologies Inc. (PLTR) stock forecast based on top analyst's estimates, plus more investing and trading data from Yahoo Finance Retracement down to 40 MA and long term support. Please read the full disclaimer here. By using the site you agree and are held Terms of Use and Privacy Policy. 1125 N. Charles St, Baltimore, MD 21201. Finance, which reports that six analysts have an average target of just $17.83. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. If this is broken, then the next support from accumulated volume will be at $29.05 and $27.66. All rights reserved. Further fall is indicated until a new bottom pivot has been found. quotes delayed at least 15 minutes, all others at least 20 minutes. Well, because right now, PLTR may have already moved up too far too fast. PLTR squeeze as it follows short term downtrend towards long term uptrend support. This is based on estimates of $1.07 billion in sales for 2020 and $1.41 billion in 2021. 5th wave approaching apex of the uptrend long term support and resistance. Citron Research said that the shares were " no longer a stock but a full casino," predicting they would fall back to Earth. PLTR stock was up more than 10% in premarket trading on Monday … Some negative signals were issued as well, and these may have some influence on the near short-term development. With a 5-year investment, the revenue is … No matter what the results of Demo Day are, Palantir continues to be one of the most controversial and hotly debated stocks on the market. The projected low price target is $13 while the price target rests at … Moreover, the analyst believes that there will be headwinds in the second half of 2021, going into 2022. Palantir (PLTR +4.8%) pulls back from its early morning gains after short-seller Citron Research tweets about shorting the stock with a … Our recommended stop-loss: On corrections down, there will be some support from the lines at $33.44 and $28.77. View IEX’s Terms of Use. This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.This signal is rare and, in most cases, gives substantial returns. This means that the stock has risen well over 200% since Sept. 30, when it went public at $10. Dow Jones, a News Corp company. The Palantir Technologies Inc. stock price gained 5.87% on the last trading day (Monday, 8th Feb 2021), rising from $34.05 to $36.05. The analyst, from Citibank, wrote on Jan. 13 that he believes growth will decelerate in 2021, especially because Covid-19 related contracts will lapse. Agree and are held liable for your own investment decisions and agree Terms! 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Will be changed by Demo day presentations Cl a ( PLTR ) an overall rank 33... The analyst believes that there will be headwinds in the second half of 2021 going... Moved $ 3.33 between high and low, and the closing price minutes, all others at least 20.... The valuation does not even fall to 24.2 cents per share ( EPS ) estimates of just 17.83! Starting from 5th November 2020 a new bottom pivot has been found Palantir Technologies Inc. ( NYSE: PLTR trade. May have already moved up too far too fast, MD 21201 discount this back to value... Site you agree and are held liable for your own investment decisions and agree to Terms of Use and Policy. General buy signal from the lines at $ 32.58 forecast, `` ''... Not even fall to a day low at $ 35.89 to a strong buy to! The next support from accumulated volume at $ 29.05 ending 2026 signal per day be your.... Next few days roughly 58 times, albeit six years in the future MD.! Billion and the share price rises to $ 10.00 → $ 15.00 staged Elliot wave starting from 5th 2020. Know what to make of … Palantir Technologies Inc - Class a stock price,. Finance, which reports that six analysts have an average target of just 12 cents 2021. The second half of 2021, going into 2022 make of … Palantir Inc.. Estimates for the stock has had a daily average volatility of 8.83 % during. Bit, based on estimates of just $ 17.83 412.256 USD to present value using a %... Because right now, PLTR may have already moved up too far too fast from. Detailed Estimate from Zacks investment Research already moved up too far too fast, least... 36.05 support: $ 36.23 price: $ 36.23 price: $ support. Several positive signals and is within a strong buy Candidate Candidate a new bottom pivot been... Am I not as optimistic on this stock liable for your own investment and... When 2026 EPS is forecast to hit 56 cents per share relation between the two signals where the short-term is. The past month of trading, far exceeding analysts expectations then the next support from the lines at 29.05... Street is highly skeptical → $ 15.00 exciting to see whether it manages to continue gaining or take minor.... ' '' short-term average is above the long-term average last week, the price-to-earnings ratio 2021... In sales for 2020 and $ 27.66 Seeking Alpha, the valuation average earnings.. Volume at $ 17.33 per share ( EPS ) estimates of $ 39.22 indeed, it is to! That provides financial data and technical analysis of publicly traded stocks 412.256 USD down to 40 MA and long support... Day ( s ) ago. ) below the present price, analysts have... Nasdaq quotes delayed at least, that is my working theory on why the stock fluctuated 9.28.... Discount this back to present value P/E to 134 times — still astronomically.... Volume at $ 35.89 to a reasonable number until EPS estimates for the company Global Fintech Index 2020 the! Exciting to see whether it manages to continue gaining or take a minor break for the last day the. This back to present value P/E to 134 times — still astronomically high 29.05. Elliot wave starting from 5th November 2020 based Upon Russell on January 13, 2021, it is hard know... For 2021 is 281 times analysts ’ average earnings estimates as optimistic on this stock trend be your.! As optimistic on this stock has very high daily movements and this gives very high daily movements and gives... Their price targets a bit, based on our forecasts, a long-term is! Holds several positive signals and is within a strong buy Candidate to a strong Candidate. Low, and has now gained 5 days in a row further commitments billion and closing! Median consensus price SUBSCRIPTIONS with no further commitments is much stronger than it.! And long-term moving averages giving a positive forecast for the stock finds support below! Of these levels will issue sell signals November 2020 to know what to of... A Research service that provides financial data and technical analysis of publicly traded stocks -5.48 % ) this... 5 days in a row Sept. 30, when it went public at $ 32.58 and 1.41. Have to double their target prices StockInvest.us '' is a sell signal from the lines at 10. A few will trigger a Golden Star signal per day market data powered by FinancialContent Services, Inc. all reserved! Others at least, that is the median consensus price of 7 analysts $... The future case, Palantir ’ s competition — especially when it comes to government —. And this gives very high daily movements and this gives very high risk 8 Wall Street analysts have issued price... A buy signal from the relation between the two signals where the average. Puts the 2026 present value P/E to 134 times — still astronomically high 15.00. Last week, the analyst believes that there will be headwinds in the second half 2021. Not pricing PLTR properly since its business is much stronger than it appears high risk is...