What's Going On With Palantir Technologies Stock Today?
Portfolio Pulse from Nabaparna Bhattacharya
Palantir Technologies Inc. (NYSE:PLTR) shares are trading lower by 2.99% to $26.27. Despite a 32% gain over the past year, Citigroup analyst Tyler Radke maintains a Neutral rating but raises the price target to $28. Palantir is expected to report Q2 earnings of 8 cents per share and revenue of $652.141 million on Aug. 5. The company recently announced a multi-year partnership with Tree Energy Solutions and has achieved six consecutive quarters of GAAP profitability. Wedbush analyst Dan Ives set a new bull-case price target of $50.
July 30, 2024 | 7:07 pm
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NEUTRAL IMPACT
REX AI Equity Premium Income ETF (AIPI) provides exposure to Palantir stock, which is currently trading lower. The ETF may see minor short-term fluctuations based on Palantir's performance.
AIPI's performance is indirectly affected by Palantir's stock movements. The ETF may experience minor short-term fluctuations based on Palantir's performance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Palantir shares are down 2.99% to $26.27. Citigroup raised the price target to $28, and the company is expected to report Q2 earnings on Aug. 5. A new partnership with Tree Energy Solutions and six consecutive quarters of GAAP profitability are notable.
The stock is trading lower despite positive analyst ratings and a new partnership. The upcoming earnings report and recent profitability streak are key factors to watch.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Global X Defense Tech ETF (SHLD) includes Palantir stock, which is currently trading lower. The ETF may see minor short-term fluctuations based on Palantir's performance.
SHLD's performance is indirectly affected by Palantir's stock movements. The ETF may experience minor short-term fluctuations based on Palantir's performance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50