Palantir Technologies (PLTR) opened at $11.04 today: Piper Sandler started coverage on shares of PLTR.

Palantir Technologies (NYSE: PLTR) opened at $11.04 on Wednesday. Palantir Technologies has a 1-year low of $9.74 and a 1-year high of $29.29. The company has a market capitalization of $22.41 billion, a price-to-earnings ratio of -40.89, and a beta of 5.73. The stock’s 50 day moving average is $14.06 and its two-hundred-day moving average is $20.21.

Stocks for Palantir Technologies Inc

Palantir Technologies Inc. builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations.

Piper Sandler started coverage on shares of Palantir Technologies in a research report issued on Wednesday, Stock Target Advisor reports. The firm set an “overweight” rating and a $15.00 price target on the stock. Piper Sandler’s price objective would suggest a potential upside of 35.87% from the stock’s previous close.

PLTR last posted its earnings results on Thursday, February 17th. The company reported $0.02 EPS for the quarter, missing Thomson Reuters’ consensus estimate of $0.04 by ($0.02). Palantir Technologies had a positive return on equity of 14.65% and a negative net margin of 33.75%. The company had revenue of $432.90 million for the quarter, compared to the consensus estimate of $418.07 million. During the same quarter last year, the business earned $0.07 EPS. Palantir Technologies’s quarterly revenue was up 34.4% compared to the same quarter last year. Equities analysts expect that Palantir Technologies will post 0.21 EPS for the current year.

Written by Maryam Nawaz

MPhil International Relations (Specialization in International Politics and Economy)

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