|Bid||0.00 x 40700|
|Ask||0.00 x 2200|
|Day's range||7.14 - 7.73|
|52-week range||5.84 - 14.86|
|Beta (5Y monthly)||2.88|
|PE ratio (TTM)||N/A|
|Earnings date||13 Feb 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||8.79|
Palantir Technologies Inc. (PLTR) closed at $7.24 in the latest trading session, marking a +0.28% move from the prior day.
At the World Economic Forum in Davos, Palantir CEO Alex Karp said that it may hire a couple hundred workers this year, even as many tech companies continue to cut staff. In Palantir's most recent quarterly results, it reported revenue of $478 million for the period ending Sept. 30, 2022, which equaled a year-over-year increase of 22%. Many big tech companies that are laying off staff deal with consumer-related products and services.
After two decades of staying privately held, big-data analytics company Palantir Technologies (NYSE: PLTR) went public in Sept. 2020. While the company boasts several U.S. government agencies as well as brand-name commercial sector companies on its client roster, Wall Street has expressed concerns about Palantir's near-term growth rate. Palantir is off to a great start in 2023, and although some of the analyst concerns are valid, its valuation looks appealing for long-term investors.