Is Palantir a good stock to buy long-term? (2024)

Is Palantir a good stock to buy long-term?

The company's fundamentals are improving, and over time, Palantir's valuation can climb even higher. If you're willing to buy this AI stock and hold it for years, now could be a great time to add Palantir to your portfolio.

Is Palantir a good long-term investment?

I'm not suggesting that Palantir could be the next big tech opportunity. Rather, my thinking is that so long as the company operates from a position of strength in a growing market such as AI, holding Palantir stock over the long run could generate massive gains for disciplined investors.

Where will Palantir be in 5 years?

Considering the points discussed above, it is not surprising to see that analysts expect Palantir to clock annualized earnings growth of 85% over the next five years. If that prediction is borne out, its earnings could rise from 2023's $0.25 per share to $5.42 per share after five years.

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What is the long term forecast for Palantir?

Palantir Technologies stock prediction for 1 year from now: $ 67.87 (213.77%) Palantir Technologies stock forecast for 2025: $ 30.63 (40.12%) Palantir Technologies stock prediction for 2030: $ 165.43 (656.80%)

Does Palantir have a future?

Pioneering the future with AIP to capture the $225 billion market. Palantir is gearing up to make substantial strides in the rapidly growing AI market, which is projected to reach $225 billion by 2027. With its innovative AIP, the company is poised to boost its net margins and revenue significantly.

Is Palantir worth buying?

Palantir Technologies is indeed expensive right now

Those multiples are substantially higher than the Nasdaq-100 Technology Sector index's sales multiple of 7.3 and earnings multiple of 47. It is also worth noting that Palantir's growth has not been as solid as some other AI stocks.

What is the future of Palantir stocks?

PLTR Stock 12 Month Forecast

Based on 13 Wall Street analysts offering 12 month price targets for Palantir Technologies in the last 3 months. The average price target is $19.67 with a high forecast of $35.00 and a low forecast of $5.00. The average price target represents a -8.89% change from the last price of $21.59.

How much will Palantir be worth in 2025?

Is there hope for Palantir?

While Palantir stock isn't cheap, the company's burgeoning profitability and strong moat in government contracting make it look poised to continue outperforming the market over the next 10 years.

Should I sell or hold Palantir?

Palantir stock has received a consensus rating of hold. The average rating score is and is based on 14 buy ratings, 25 hold ratings, and 19 sell ratings. What was the 52-week low for Palantir stock? The low in the last 52 weeks of Palantir stock was 7.29.

How high can Palantir stock go?

Analysts tracking Palantir expect adjusted earnings per share to rise from $0.25 in 2023 to $0.33 in 2024. So, priced at 75x forward earnings, PLTR stock is quite expensive. Among Wall Street analysts, the average target price for Palantir stock is $20.67, which is lower than the current target price.

Should I buy or sell Palantir stock?

With its 2-star rating, we believe Palantir's stock is overvalued compared with our long-term fair value estimate of $16 per share, which implies a 2024 enterprise value/sales multiple of 12 times.

Is Palantir undervalued?

Compared to the current market price of 22.52 USD, Palantir Technologies Inc is Overvalued by 71%.

What is the fair value of Palantir stock?

As of 2024-04-26, the Fair Value of Palantir Technologies Inc (PLTR) is 2.37 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 21.71 USD, the upside of Palantir Technologies Inc is -89.1%.

Does Palantir pay dividends?

Palantir Technologies (IT:1PLTR) does not pay a dividend.

Will Palantir ever be profitable?

The company has reported four consecutive quarters of profitability, making it eligible for inclusion in the S&P 500 index. Palantir also that said its private sector revenue grew 70% year-over-year in Q4 2023, and it now has 221 commercial customers, up 55% from 2022 levels.

Will Palantir ever make money?

Last year marked Palantir's first profitable year ever, with profitability each quarter, and the company now predicts adjusted free cash flow of at least $800 million this year. Palantir also forecasts profitability for every quarter of this year and more than $2.6 billion in full-year revenue.

Who competes with Palantir?

What are the cons of Palantir?

Palantir has a significant revenue concentration

The downside is that the software company is highly dependent on the public sector. While there's nothing wrong with generating high revenue from the government, it limits Palantir's ability to grow in the future.

Why is Palantir stock price so low?

Palantir slipping as one analyst called the software company's valuation excessive and gave the company a sell rating. Brian White from Monnes, Crespi, Hardt downgrading the stock from neutral, setting a 12-month price target of $20, saying its meteoric rise on the AI boom is due for a reality check.

What is better than Palantir?

Palantir's alternatives and competitors. See how Palantir compares to similar products. Palantir's top competitors include CulturePulse, CloudNine AI, and Valkyrie. CulturePulse specializes in artificial intelligence-powered analytics and decision-making tools within the technology domain.

What is the outlook for Palantir in 2024?

For full year 2024, we expect: Revenue of between $2.652 - $2.668 billion. US commercial revenue in excess of $640 million, representing a growth rate of at least 40%. Adjusted income from operations of $834 - $850 million.

How much will Palantir make in 2024?

PLTR Earnings Date

The report will be for the fiscal Quarter ending Mar 2024. According to Zacks Investment Research, based on 7 analysts' forecasts, the consensus EPS forecast for the quarter is $0.04. The reported EPS for the same quarter last year was $0.01.

Why is Palantir worth so much?

Palantir's profit margin also improved, showing the company's dedication to maximizing its profitability while balancing growth. Palantir also gave guidance for a strong 2024, with full-year revenue expected to be about $2.66 billion, indicating 20% growth -- an acceleration over 2023's 17% growth.