AllAnalyst Report
logoArgusAugust 07, 2024

Palantir Technologies Inc.: Raising target price to $32

Symbols
PLTR
Sector(s)
Technology
Rating
Current Price
$36.83
Price Target
Earnings Estimate
Summary

Palantir develops and provides software that enables customers from government agencies to commercial enterprises to integrate data for decision-making and operations at scale. The company initially provided its software to the U.S. intelligence services before broadening its customer base. In 2023, 55% of its revenue was generated by its government segment and 45% from its commercial segment; 38% of revenue was generated outside the U.S. Palantir's class A shares trade publicly under the symbol PLTR. Palantir's super-voting class B and class F shares, held by insiders and founders, do not trade publicly. The company is effectively controlled by f

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