What is Palantir Technologies?

Palantir Technologies is a company that was started by Peter Thiel, a serial entrepreneur who co-founded PayPal. The company was started shortly after the 911 terrorism act to provide the US and other allies tools to prevent future terrorist activities. It remained as a private enterprise for years until it went public in 2020.

Palantir products and services: What does Palantir do?

Palantirâs products are not used by most people and most investors donât have a good understanding of what it does. Besides, the products are deployed in large and highly-secretive government agencies and large companies. Palantir has three key products. First, there is Gotham, which enable users to identify patterns hidden within large datasets.

Is Palantir Technologies profitable?

A common question is whether Palantir is a profitable company. Unfortunately, Palantir has never generated an annual profit. This is notable because the company cannot be considered a startup since it was established in 2003.

Is Palantir a good investment? Is PLTR a good investment?

Investors are divided about Palantir. Some believe that it is an excellent company that is in an exciting industry that is hard to disrupt. They also cite the fact that Palantir is not relying on government contracts. alone for growth. In the most recent quarer, the companyâs commercial revenue in the US soared by 53% year-on-year. That was a bigger growth rate than the total corporate growth of 22%.

Is Palantir a buy, sell or hold?

The average Palantir stock price forecast by Wall Street analysts is $9.75, which is a few points higher than the current $6.95. Analysts have been a bit bearish on the stock. Jefferies recently downgraded their PLTR share price target from $9 to $7.5. Wolfe Research, Morgan Stanley, Goldman Sachs, Citigroup, and Deutsche Bank also downgraded the stock. Most of these analysts cited the companyâs slow growth for their pessimistic view.