Palantir Stock Price Prediction 2024, 2025-2030: Is PLTR a Buy Now?
Here we will give you all you need to know about a software technology stock, Palantir. You will get a much accurate PLTR price prediction covering 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Is Palantir Technologies Stock Publicly Traded?
Palantir Technologies Inc. is American public company that focuses on software system for the analysis of big data. Founded in 2003 and headquartered in Denver, Colorado.
Palantir Technologies original customers were the US federal intelligence agencies, assisting them in creating software for counterterrorism.
It became publicly traded 17 years after its establishment. Palantir Technologies began trading on the NYSE through a direct public offering on September 30, 2020 under the ticker symbol ‘PLTR’.
The ipo price was $10 per share and 1,163.5 million shares with $21billion market cap. As at August 10 2024, Palantir has 2,213,545,000 number of shares outstanding and $67.19 billion Market capitalization.
Why is Palantir stock so high?
If revenue could drive stock demand and higher price, as analysts explained that sales in AI are the oxygen for Palantir’s future growth, then the soaring price of PLTR is inevitable.
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The PLTR stock soared on 6 August 2024 immediately after the company increased its annual financial position, relying on consistent demand for its AI software in the US commercial dealing.
For uninterrupted fourth-quarter, Palantir saw its year-over-year revenue growth accelerate to 27%, moving 13% in the prior-year period. This is a big jump.
The revenue from Palantir’s international commercial dealing rose 15% to $148 million but fell 1% in succession. As the company envisages some impediment in Europe, it may be seizing the opportunities in Asia and the Middle East.
Is Palantir Stock Undervalued or Overvalued?
Palantir’s share price has increased to 68% in recent time, resulting in an overvalued PE ratio of 202.46 in August 9 2024, which far exceeds the reasonable PE ratio range of 20-25. This indicates overvaluation of PLTR stock.
The estimated P/E Ratio for S&P 500 Information Technology Sector is 38.12. Since PE ration (204.46) is greater than the industry’s PE ratio (38.12), the PLTR stock is overvalued.
As the company expects revenue of $2.75 billion in 2024, a 23% hike, this follows with a PLTR’s PEG ratio of 1.91, which means the stock is overvalued.
Is Palantir Stock a Buy Now?
Not a buy now. If a stock is overvalued, you’re going to be paying more than the real value if you decide to buy it. So you mustn’t buy.
Holding on to a company that is overvalued is a risk, so selling your shares is practically useful. Make profit from overvaluation opportunity and feel good no matter what the stock becomes in the future.
Out of 15 Moneystics Analysts covering Palantir stock, 1 recommends a ‘strong buy’, 2 recommend a ‘moderate buy’, 3 recommend a ‘hold’, 2 recommend a ‘moderate sell’, and 7 recommend ‘strong sell’.
Despite recent soaring profits, analysts point to a strong sell signal because earnings are slower than the stock price hike.
PLTR Short Term Value Target
Wall Street’s 12-month forecast predicts PLTR stock price to be $31 with earnings per share of $0.43.
14 analysts from the Wall Street offering a 12-month price targets for Palantir, predict average price target at $22.42 with a high forecast of $35.00, and a low forecast of $9.00. The average price target represents a -25.29% change from the last price of $30.01.
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10 Moneystics Analysts offering a 12-month price target for PLTR since July 2024, estimate average price target of $37.42 with a high forecast of $42.64 and a low forecast of 18.61. The average price target represents a 24.69% change from the last price of $30.0.
How you can buy Palantir Stock: a simple 5-step approach
If you want to invest in PLTR stock, here’s what you need to do to buy the stock.
Sign up for a brokerage account on Public
This is called a trading account which an investor must open with a brokerage that transacts in PLTR stock. To do this requires your completion of online application form with your details such as your ID and address and then fund the account.
Add funds to your brokerage account
There are multiple ways to fund your Public account; from linking a bank account to making a deposit with a debit card or wire transfer. You need to deposit a sufficient amount of money in your brokerage account to facilitate your trading.
Choose how much you want to invest in PLTR stock
Navigate to the Explore page. Then, type PLTR into the search bar. When you see PLTR stock appears in the results, tap it to open up the purchase screen.
The decision to buy PLTR shares comes along with the amount of money you want to invest and the number of shares you want to buy.
Place an Order
Placing an order for PLTR required a selection of your preferred number/volume of stock with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
Manage your investments
You can find your newly purchased PLTR stock in your portfolio, alongside the rest of your stocks, ETFs, crypto, treasuries, and alternative assets. Track your investment to constantly evaluate its performance.
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PLTR Stock Price Prediction 2024, 2025, 2026-2030
PLTR stock price today is $30.01. Moneystics Stock Forecast algorithm uses machine learning and in-depth learning technologies for Palantir Technologies stock prediction covering 7 years.
Our model uses historical PLTR stock price data, volume, financial statements, and market sentiment.
| Year | Average Price $ | Open $ | High $ | Low $ | Close $ | Total % Change |
| 2024 | 25.42 | 16.58 | 39.07 | 16.10 | 34.26 | 106.7% |
| 2025 | 37.42 | 34.31 | 42.64 | 18.61 | 40.52 | 18.10% |
| 2026 | 44.25 | 40.59 | 50.23 | 19.86 | 47.91 | 18.03% |
| 2027 | 51.05 | 47.88 | 58.06 | 20.44 | 54.21 | 13.22% |
| 2028 | 54.26 | 54.33 | 57.73 | 20.89 | 54.19 | -0.26% |
| 2029 | 57.42 | 54.25 | 66.20 | 21.17 | 60.57 | 11.65% |
| 2030 | 63.25 | 60.64 | 78.53 | 23.72 | 65.85 | 8.59% |
When will PLTR Stock Reach $50 per share?
From the table above, the average price of PTLR in 2027 is $51.05 per share. This means that in 2027 the Palantir stock will reach $51.05 per share as against the current price of $30.01.
The PLTR reaches $50 and above by 2027, that is, about the next 3 and half years.
This implies that your $1000 investment in PLTR stock today (purchasing 33.3 unit of shares) is (33.3 x 51.05), which will appreciate to $1,700 by the end of 2027 at 70% capital appreciation within the period.
Bottom Line
Earnings estimates have stayed moderately stable in recent weeks, as many analysts hold the view that PLTR growth would remain consistent, at least, in the short term. However, the stock still remains overvalued.
The estimated P/E Ratio for S&P 500 Information Technology Sector is 38.12. Since PE ration (204.46) is greater than the industry’s PE ratio (38.12), the PLTR stock is overvalued.
Given the company’s growing dominance in both the commercial and government sectors, its stock is recommended as a strong long term investment.
You may hold PLTR stock for a long term to see if the current valuation metrics would change, but this comes with risk. But for now, the best advice is a, strong sell’.
