Fintel reports that on August 8, 2023, Raymond James maintained coverage of Palantir Technologies Inc - (NYSE:PLTR) with a Outperform recommendation.
Analyst Price Forecast Suggests 32.97% Downside
As of August 2, 2023, the average one-year price target for Palantir Technologies Inc - is 12.06. The forecasts range from a low of 5.05 to a high of $26.25. The average price target represents a decrease of 32.97% from its latest reported closing price of 17.99.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Palantir Technologies Inc - is 2,370MM, an increase of 15.89%. The projected annual non-GAAP EPS is 0.17.
What is the Fund Sentiment?
There are 1116 funds or institutions reporting positions in Palantir Technologies Inc -. This is an increase of 56 owner(s) or 5.28% in the last quarter. Average portfolio weight of all funds dedicated to PLTR is 0.23%, an increase of 79.57%. Total shares owned by institutions increased in the last three months by 0.78% to 716,330K shares. 
The put/call ratio of PLTR is 0.59, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 52,521K shares representing 2.48% ownership of the company. In it's prior filing, the firm reported owning 51,073K shares, representing an increase of 2.76%. The firm increased its portfolio allocation in PLTR by 24.98% over the last quarter.
Renaissance Technologies holds 40,614K shares representing 1.92% ownership of the company. In it's prior filing, the firm reported owning 43,000K shares, representing a decrease of 5.88%. The firm increased its portfolio allocation in PLTR by 20.58% over the last quarter.
VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 39,393K shares representing 1.86% ownership of the company. In it's prior filing, the firm reported owning 38,853K shares, representing an increase of 1.37%. The firm increased its portfolio allocation in PLTR by 29.17% over the last quarter.
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 24,512K shares representing 1.16% ownership of the company. In it's prior filing, the firm reported owning 23,962K shares, representing an increase of 2.24%. The firm increased its portfolio allocation in PLTR by 27.23% over the last quarter.
Geode Capital Management holds 23,712K shares representing 1.12% ownership of the company. In it's prior filing, the firm reported owning 22,965K shares, representing an increase of 3.15%. The firm increased its portfolio allocation in PLTR by 25.72% over the last quarter.
Palantir Technologies Background Information
(This description is provided by the company.)
Palantir Technologies Inc. is a software company that builds enterprise data platforms for use by organizations with complex and sensitive data environments. From building safer cars and planes, to discovering new drugs and combating terrorism, Palantir helps customers across the public, private, and non-profit sectors transform the way they use their data.
Additional reading:
- Palantir Technologies Inc. Condensed Consolidated Statements of Operations (in thousands, except per share amounts)
- Palantir Technologies Inc. Condensed Consolidated Statements of Operations (in thousands, except per share amounts)
- List of subsidiaries of Palantir Technologies Inc.
- Description of Capital Stock of Palantir Technologies Inc.
- Palantir Technologies Inc. Condensed Consolidated Statements of Operations (in thousands, except per share amounts)
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
