Palantir (PLTR)
About Palantir
What is Palantir?
Palantir is a software company that provides data solutions to governments, financial institutions, and other large businesses. It was founded in 2003 by a group of entrepreneurs, including PayPal co-founder Peter Thiel.
Palantir has worked with several high-profile customers, such as the US government, the UK government, and JPMorgan Chase. It has a line of products that help organisations analyse and make sense of large amounts of data and has a particular focus on national security, financial markets, and healthcare.
How does Palantir make money?
Palantir makes money by selling its software products and services to governments and businesses. It operates a subscription-based model where customers pay a recurring fee to access its software solutions. It also provides consulting and trading services.
What is Palantir’s best selling service?
Palantir’s biggest revenue earner is from its contracts with governments. In 2022 the company made $1.9 billion in revenue. $1.07 billion was from government contracts, a 19% increase from the previous year. Out of the $1.07 billion, $826 million came from the US government, which is Palantirs biggest customer.
Who are the key executives at Palantir?
Its co-founder, Peter Thiel, is its current chairman, while Alexander Karp is its CEO. Here’s a list of other key executives at Palantir.
- Peter Andreas Thiel. Co-Founder & Chairman
- Alexander C. Karp. Co-Founder, CEO & Director
- Stephen Andrew Cohen. Co-Founder, Pres, Sec. & Director
- David A. Glazer. CFO & Treasurer
- Shyam Sankar. CTO & Exec. VP
- Ryan D. Taylor. Chief Revenue Officer & Chief Legal Officer
- Joseph Lonsdale. Co-Founder
- Heather Planishek. Chief Accounting Officer
- Rodney Nelson. Head of Investor Relations
- David B. MacNaughton. Pres of Palantir Canada
Where can I buy shares in Palantir?
You can buy Palantir stock on a stock trading platform. These platforms are extremely simple to use but there are different options to suit your specific needs. If you are a first-time investor you might want to use a trading platform for beginners, while if you plan on doing a lot of trading from your phone, a stock trading app might be best.
Are there any other ways to invest in Palantir?
The simplest way to invest in Palantir is to buy shares through a stock broker. However, you can also invest through an ETF or a fund. The best ETFs allow you to invest in the stock market more generally rather than focus on one company.
Palantir is part of the NYSE index, so you can invest in an ETF that tracks that index, or choose a tech ETF that lets you own a basket of related stocks from the same industry.
More about the PLTR price
What is the Palantir stock price today?
The PLTR stock price today is currently $7.99 as of 20 March, 2023. The price of Palantir is up 29.36% in 2023. You can use the live Palantir stock chart to track the NYSE:PLTR price in real time above, or compare the Palantir value today to its past performance using the Palantir financials tab at the top of this page.
What is the 52-week low for Palantir stock?
The 52-week low for Palantir stock is $5.92. PLTR stock is currently 35.31% above the 52-week low.
What is the 52-week high for Palantir stock?
The 52-week high for Palantir stock is $14.86. PLTR stock is currently 45.95% below the 52-week high.
What is the stock forecast for Palantir?
The average Palantir stock forecast has a price target of $8.71 by the end of 2023. Palantir’s latest financial results, the broader economic outlook, and the industry’s competition all influence these forecasts.
It’s best to take analyst forecasts with a grain of salt but you can use their estimates to help you understand the weight of opinion about a stock. Read our latest Palantir price forecast for more analysis and guidance.
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