What is Palantir? You can find detailed information about Palantir stock price and other information in our article.
Palantir stock price today is 22.95 USD with a volume of 111,250,366. At the same time, its chart fluctuates between 22.76 USD – 24.75 USD. Palantir stock price was a maximum of 45.00 USD and a minimum of 8.90 USD within 52 weeks. Its average volume is 66,590,314 and it is ranked 43.071B in the MarketCap listings. The target point of Palantir stock price at the end of 1 year was 22.43 USD.
Palantir Technologies is an American publicly traded software company focused on big data analytics, based in Denver, Colorado. Peter Thiel, Nathan Gettings, Joe Lonsdale, Stephen Cohen and Alex Karp co-founded the company in 2003. The name of the company is inspired by the magical palantiri, “seeing-stones” from the movie Lord of the Rings. Magical palantirs are indestructible crystal balls used for communication and viewing events happening all over the world.
The 3 most popular projects the company has created are Palantir Gotham, Palantir Metropolis and Palantir Foundry. Counterterrorism analysts in offices in the United States Department of Defense and the United States Intelligence Community (USIC) benefit from the Palantir Gotham project. Also, cyber analysts at the Information Warfare Monitor, a Canadian public-private initiative that operated for 9 years from 2003 to 2012, used Gotham for a period.
Many different organizations such as Metropolis, hedge funds, banks and financial services firms use Palantir. In addition, corporate customers such as Foundry, Morgan Stanley, Merck KGaA, Airbus and Fiat Chrysler Automobiles NV still use Palantir.
The main users of Palantir were federal agencies within USIC. During this period, it started to serve private companies in the financial and health sectors in addition to state and local governments.
A Fast Growing Company?
In 2020, Palantir recorded 77% growth in revenue in its government business and 22% in its commercial business. Thus, Palantir stock increased by 47% in total and its income reached 1.1 billion dollars. Sources of improvement in government business have been to leverage new and expanded contracts with the FDA, the US Army and the US Air Force. Improvements in its commercial business have been achieved with the ability to secure larger clients such as Rio Tinto, PG&E and BP.
During the year, Palantir’s total number of customers with annual revenues of more than $10 million increased by 50%. In addition, its average revenue per customer increased by 41% to $7.9 million.
Palantir’s adjusted operating margin increased from -45% to 17% and adjusted gross margin from 71% to 81%. However, GAAP net loss increased from $580 million to $1.2 billion. Palantir expects its revenue to increase by more than 30% in 2021, but analysts put this rate at 34%.
What Is The Risk?
Palantir has three major risks: competition, disputes and valuations. US government agencies are locked to the Palantir platform. However, Palantir needs to expand its commercial business if it wants to continue growing. While the relationship with the US demonstrates Palanatir’s vehicle power, this is still a contentious issue.
The platform was announced to assist Navy SEALs in locating Osama Bin Laden in 2011, but their use of it to track and deport undocumented immigrants from the United States for several years has sparked controversy. Palantir co-founder Peter Thiel openly explained that these discussions could scare away some of Palantir’s potential customers.
many new technologies appear to be cheaper than public offerings in Palantir. Palantir stock still looks promising as it has tremendous growth potential in government and corporate markets. But the tide can be bumpy, so risk-averse investors will likely turn to more conservative growth stocks like Salesforce.
This is not investment advice. You must do your own research and make your own decisions. We are not responsible for the problems that may arise from your investment.