Skip to Content

Palantir Technologies Inc Ordinary Shares - Class A PLTR

Morningstar Rating
$23.13 −0.16 (0.67%)
View Full Chart
Unlock our analysis with Morningstar Investor

Company Report

Palantir’s Earnings: Strength in Commercial Applications Continues to Drive Sales

We maintain our $16 per share fair value estimate for narrow-moat Palantir after the firm kicked off fiscal 2024 with a set of strong financial results, largely in line with our prior estimates. Spearheading these results was continued momentum for the firm’s artificial intelligence platform, or AIP, a trend we see continuing, especially in the US commercial space. While we model robust top-line growth and margin expansion for Palantir, we remain unable to rationalize the market’s current valuation on the name. For context, our top line and profitability estimates for the upcoming two years are all above consensus, highlighting our view that Palantir stands to materially benefit from increased AI spending as a leader in the AI platform space. Despite the firm’s shares trading down after hours, we continue to view them as overvalued.

Price vs Fair Value

PLTR is trading at a 456% premium.
Price
$23.27
Fair Value
$54.00
Uncertainty
Very High
1-Star Price
$28.00
5-Star Price
$8.00
Economic Moat
Szhfz
Capital Allocation
Mtzqmzdqw

Bulls Say, Bears Say

Bulls

Palantir has strong secular tailwinds as the AI/ML market is expected to grow rapidly due to the exponential increase in data harvested by organizations.

Bears

By not selling to countries or companies that are antithetical to its mission and cultural values, Palantir has self-restricted its growth opportunities.

Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if PLTR is a good fit for your portfolio.

News

Trading Information

Previous Close Price
$23.28
Day Range
$22.8523.30
52-Week Range
$13.5727.50
Bid/Ask
$23.12 / $23.13
Market Cap
$51.49 Bil
Volume/Avg
6.9 Mil / 42.5 Mil

Key Statistics

Price/Earnings (Normalized)
82.65
Price/Sales
23.36
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield

Company Profile

Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients’ organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.
Sector
Technology
Industry
Software - Infrastructure
Stock Style Box
Mid Growth
Total Number of Employees
3,678

Competitors

Valuation

Metric
PLTR
CRWD
ZS
Price/Earnings (Normalized)
82.65111.2861.37
Price/Book Value
13.7336.7225.06
Price/Sales
23.3628.6813.23
Price/Cash Flow
68.0075.6241.02
Price/Earnings
PLTR
CRWD
ZS

Financial Strength

Metric
PLTR
CRWD
ZS
Quick Ratio
5.801.641.61
Current Ratio
5.911.801.75
Interest Coverage
1.29−11.76
Quick Ratio
PLTR
CRWD
ZS

Profitability

Metric
PLTR
CRWD
ZS
Return on Assets (Normalized)
15.60%14.13%12.60%
Return on Equity (Normalized)
20.51%41.07%55.94%
Return on Invested Capital (Normalized)
14.64%25.53%19.24%
Return on Assets
PLTR
CRWD
ZS
See how this stock stacks up to its competitors with Morningstar Investor

Software - Infrastructure Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Microsoft Corp
MSFT
DfhmnygcwQqcsj$3.3 Tril
Oracle Corp
ORCL
VqkkWyhmbkh$384.4 Bil
Adobe Inc
ADBE
KkmrppmcJwy$205.6 Bil
Palo Alto Networks Inc
PANW
WpxgfkmjmhFlhf$103.5 Bil
CrowdStrike Holdings Inc Class A
CRWD
KlcsjnnmrhShcrvc$93.2 Bil
Synopsys Inc
SNPS
RcfhqyvcbXrvhzl$89.9 Bil
Fortinet Inc
FTNT
XnbscnyvWhjy$46.0 Bil
Block Inc Class A
SQ
CpvzlztglBkpdjb$38.5 Bil
Zscaler Inc
ZS
DvjbbbyqpHrykwj$27.4 Bil

Sponsor Center