Palantir Technologies is a publicly traded American firm specializing in big data analytics. It was created in 2003 by Peter Thiel, Nathan Gettings, Joe Lonsdale, Stephen Cohen, and Alex Karp and is headquartered in Denver, Colorado. The name of the corporation is drawn from The Lord of the Rings, where the magical Palantir were “seeing stones,” which were described as unbreakable balls of crystal used for communication and witnessing events in faraway areas of the world.
Palantir Technologies, Inc. is a holding company that specializes in data integration and software development. It operates in two segments: commercial and government. The Commercial section provides services to private-sector clients. The Government segment delivers solutions to the federal government of the United States (US) as well as non-US governments. It provides solutions for automotive, financial compliance, legal intelligence, and mergers acquisitions. Palantir Gotham and Palantir Foundry are two of its products. Stephen Cohen, Nathan Dale Gettings, Joseph Lonsdale, Alexander C. Karp, and Peter Andreas Thiel formed the company in 2003, and it is headquartered in Denver, CO.
Prices
The closing stock price of Palantir Technologies, Inc. is 16.44, with a total market cap worth 34.82 billion (44 million shares outstanding). Palantir Technologies, Inc. trades under the symbol PLTR on the New York Stock Exchange. The price of it has risen -0.69% in the last 24 hours. The stock price prognosis is now bullish.
Palantir (PLTR) stock may reach an all-time high as a result of the cooperation with J.D. Power. According to the agreement, J.D. Power will combine Palantir’s analysis tools with artificial intelligence advancements to get new perspectives on the care sector.
Palantir stock (NYSE: PLTR) is up more than 2% on the confirmation of the deal with J.D. Power. The PLTR stock price may rise dramatically as a result of this transaction, with analysts predicting that PLTR shares will shortly reach an all-time high.
The PLTR stock price was $16.84 at the time of writing, and it had gained 2.56% of its market value in one day. Trading volume, on the other hand, is below normal and needs to increase throughout the intraday trading session. Buyers must pile in to push the PLTR share price above the $20 barrier level.
Analysis
Over the daily time frame chart, the PLTR stock price has been trending upward. However, trading volume remains below normal and needs to increase during the trading session. Meanwhile, the PLTR share price is trading above the 20, 50, 100, and 200-day DMAs. Palantir Stock must gain momentum and break above the primary resistance level of $18 in order to trade above the $20 recovery level.
Palantir’s stock price has risen 14.24% in a month and 115.34% in the previous three months at the time of writing. PLTR has also increased by over 128.51% in the last six months. Furthermore, the PLTR share price has increased by around 154.28% year to date. Confirming the facts regarding the maximum recovery of the PLTR stake in 2023
According to technical indicators, the PLTR stock price is on the rise. The relative strength index shows the increasing trend of PLTR shares. The RSI was at 58 and is approaching overbought territory.
The MACD indicator shows the increasing velocity of the PLTR share price. For a positive crossover, the MACD line is advancing toward the signal line. Investors in Palantir Technologies (NYSE: PLTR) must wait until the stock price of PLTR maintains and breaks through the $20 resistance level.
On the daily chart:
- The Moving Averages Convergence Divergence (MACD) indicator for Palantir Technologies (PLTR) is 0.61, indicating that Palantir Technologies is a Buy.
- Palantir Technologies (PLTR) has a 20-day exponential moving average of 16.30 and a share price of $16.15, making it a Buy.
- Palantir Technologies (PLTR) has a 50-day exponential moving average of 14.68 and a share price of $16.15, making it a Buy.
On The Weekly Chart:
- The Moving Averages Convergence Divergence (MACD) indicator for Palantir Technologies (PLTR) is 2.22, indicating that the stock is a sale.
- Palantir Technologies (PLTR) has a 20-day exponential moving average of 12.89 and a share price of $16.15, making it a Buy.
- Palantir Technologies (PLTR) has a 50-day exponential moving average of 11.33 and a share price of $16.15, making it a Buy.
Indicators:
- The Relative Strength Index (RSI) for (PLTR) is 69.53, indicating a Neutral signal.
- The Trend Strength Indicator (ADX) for (PLTR) is 47.43, indicating a Neutral signal.
- The Commodity Channel Index (CCI) of (PLTR) is 93.89, indicating a Neutral signal.
- The Price Rate of Change (ROC) for (PLTR) is 86.70, indicating a Buy signal.
Prediction:
Palantir Technologies shares will be worth $14.69 per share on August 2, 2023, according to our current PLTR stock forecast. Our technical indicators indicate that the current sentiment is Neutral, with the Fear and Greed Index reading 39 (Fear). Over the last 30 days, PLTR stock had 16/30 (53%) green days and 6.60% price volatility. According to our Palantir Technologies stock forecast, it’s now a bad time to buy PLTR stock because it’s trading 11.85% higher than what we predicted.
Palantir Technologies 2025 Stock Forecast
Palantir Technologies’ stock projection for 2025 is now $20.06, assuming that Palantir Technologies shares continue to increase at the same average annual rate as they have in the last ten years. The PLTR stock price would rise by 22.07% as a result.
Palantir Technologies Stock Forecast 2020
If Palantir Technologies maintains its current 10-year average growth rate, the shares will be worth $33.03 in 2030. If this Palantir Technologies stock forecast for 2030 comes true, the PLTR stock will increase by 100.97% from its present price.
