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Where Does Wall Street Think Palantir Technologies Inc (PLTR) Stock Will Go?

Tuesday, November 29, 2022 10:41 AM | InvestorsObserver Analysts
Where Does Wall Street Think Palantir Technologies Inc (PLTR) Stock Will Go?

Analysts who follow Palantir Technologies Inc (PLTR) on average expect it to climb 45.79% over the next twelve months. Those same analysts give the stock an average rating of Hold. That average rating earns Palantir Technologies Inc an Analyst Ranking of 4, which means it ranks higher than 4 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 2.8
Wall Street analysts are rating PLTR a Hold today. Find out what this means to you and get the rest of the rankings on PLTR!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Palantir Technologies Inc Stock Today?

Palantir Technologies Inc (PLTR) stock is trading at $7.24 as of 10:34 AM on Tuesday, Nov 29, a gain of $0.08, or 1.05% from the previous closing price of $7.16. The stock has traded between $7.18 and $7.29 so far today. Volume today is light. So far 3,626,564 shares have traded compared to average volume of 36,161,939 shares. Click Here to get the full Stock Report for Palantir Technologies Inc stock.

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