Goldman Sachs Maintains Palantir Technologies Neutral Recommendation
Fintel reports that on May 9, 2023, Goldman Sachs maintained coverage of Palantir Technologies Inc – (NYSE:PLTR) with a Neutral recommendation.
Analyst Price Forecast Suggests 19.66% Upside
As of April 24, 2023, the average one-year price target for Palantir Technologies Inc – is 9.26. The forecasts range from a low of 5.05 to a high of $15.75. The average price target represents an increase of 19.66% from its latest reported closing price of 7.74.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Palantir Technologies Inc – is 2,370MM, an increase of 19.41%. The projected annual non-GAAP EPS is 0.17.
What is the Fund Sentiment?
There are 1059 funds or institutions reporting positions in Palantir Technologies Inc -. This is a decrease of 14 owner(s) or 1.30% in the last quarter. Average portfolio weight of all funds dedicated to PLTR is 0.22%, an increase of 41.71%. Total shares owned by institutions increased in the last three months by 1.46% to 710,505K shares. The put/call ratio of PLTR is 0.47, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 51,073K shares representing 2.41% ownership of the company. In it’s prior filing, the firm reported owning 49,778K shares, representing an increase of 2.54%. The firm decreased its portfolio allocation in PLTR by 25.18% over the last quarter.
Renaissance Technologies holds 43,000K shares representing 2.03% ownership of the company. In it’s prior filing, the firm reported owning 33,130K shares, representing an increase of 22.95%. The firm decreased its portfolio allocation in PLTR by 0.88% over the last quarter.
VIMSX – Vanguard Mid-Cap Index Fund Investor Shares holds 38,853K shares representing 1.83% ownership of the company. In it’s prior filing, the firm reported owning 38,118K shares, representing an increase of 1.89%. The firm decreased its portfolio allocation in PLTR by 26.07% over the last quarter.
VEXMX – Vanguard Extended Market Index Fund Investor Shares holds 23,962K shares representing 1.13% ownership of the company. In it’s prior filing, the firm reported owning 23,506K shares, representing an increase of 1.90%. The firm decreased its portfolio allocation in PLTR by 22.43% over the last quarter.
Geode Capital Management holds 22,965K shares representing 1.08% ownership of the company. In it’s prior filing, the firm reported owning 21,854K shares, representing an increase of 4.84%. The firm decreased its portfolio allocation in PLTR by 23.26% over the last quarter.
Palantir Technologies Background Information
(This description is provided by the company.)
Palantir Technologies Inc. is a software company that builds enterprise data platforms for use by organizations with complex and sensitive data environments. From building safer cars and planes, to discovering new drugs and combating terrorism, Palantir helps customers across the public, private, and non-profit sectors transform the way they use their data.
See all Palantir Technologies Inc – regulatory filings.
This article originally appeared on Fintel
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