|Bid||17.78 x 3200|
|Ask||17.85 x 3200|
|Day's range||17.09 - 17.92|
|52-week range||5.92 - 21.85|
|Beta (5Y monthly)||2.77|
|PE ratio (TTM)||253.86|
|Earnings date||12 Feb 2024 - 16 Feb 2024|
|Forward dividend & yield||N/A (N/A)|
|1y target est||15.43|
Palantir (NYSE: PLTR) shareholders have been laughing all the way to the bank in 2023. Year to date, the stock has delivered a nearly 170% return, powered by solid financial results. Even better, there are good reasons to believe Palantir will be able to sustain its strong momentum in the coming quarters, and perhaps years.
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Shares of Palantir Technologies (NYSE: PLTR) fell like a rock this week, tumbling as much as 15.4%, according to data provided by S&P Global Market Intelligence. The catalyst that sent the artificial intelligence (AI) and data mining specialist lower were concerns raised by a Wall Street analyst. William Blair analyst and recent Palantir bear Louie DiPalma rocked the boat this week when he opined that one of the company's upcoming contract renewals could be disappointing.