Analysts who follow Palantir Technologies Inc (PLTR) on average expect a rise of 34.08% over the next twelve months. These same analysts give the stock an average rating of Hold. This average rating gives Palantir Technologies Inc an analyst rating of 3, meaning it ranks above 3 of the stocks, based on data compiled by InvestorsObserver.
Why are analyst ratings important?
You can learn a lot about a company by looking at its financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research. They usually follow a particular sector or industry very closely. They also pay attention and ask questions during earnings conference calls and other events where they might learn information that appears in the numbers.
InvestorsObserver takes the average rating of these analysts and then ranks these averages into percentiles. This allows you to compare stocks in a much more granular way than just seeing the typical five-tier rating system used across much of Wall Street.
What’s going on with Palantir Technologies Inc stock today?
Palantir Technologies Inc (PLTR) stock is down -0.76% while the S&P 500 is up 0.37% at 10:50 a.m. Thursday, January 26. The PLTR fell -$0.06 from the previous closing price of $7.22 on volume of 7,772,414 shares. Over the past year, the S&P 500 has fallen -7.33% while the PLTR has fallen -43.84%. PLTR has lost -$0.27 per share over the past 12 months. Click here for the full Palantir Technologies Inc. stock report.
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