|Bid||17.18 x 3100|
|Ask||17.18 x 3000|
|Day's range||17.08 - 17.48|
|52-week range||5.92 - 21.85|
|Beta (5Y monthly)||2.77|
|PE ratio (TTM)||245.79|
|Earnings date||12 Feb 2024 - 16 Feb 2024|
|Forward dividend & yield||N/A (N/A)|
|1y target est||15.43|
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.
The stock is up 180% so far in 2023, but its growth hasn't been solid enough to justify the surge.
Two prime examples are Palantir Technologies (NYSE: PLTR), up 180% since January, and Nvidia (NASDAQ: NVDA), up 210%. Nvidia is now one of the world's largest companies, worth $1.1 trillion. Palantir, worth $40 billion, is building momentum, picking up new business from the government and private sector.