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Stock Charts AI Power Rank: 7.4
Power Rank trend -> Falling
07/26/2024 16:29:00 EST
Palantir Technologies Inc (PLTR)
Industry: Software - Infrastructure
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, PLTR has been trading in a range between $28.81 and $25.33 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Yellow zone which means the stock is transitioning zones. We would avoid this stock currently.
Upside / Downside Potential
Palantir Technologies Inc $PLTR entered a Yellow zone 3 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $14.25, a potential down side of -47.57% from the recent price of 27.18. The stock is trading 9.75% (potential upside) below its 52 week high of $29.83 and 98.68 % (potential downside) above its 52 week low of $13.68 - based on the recent price.
Company Summary
Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.
News
| 3 AI Stocks to Buy as Trump-Vance Ticket Promises an Innovation Ramp While many have stated that former President Donald Trump's vice presidential pick in JD Vance was him doubling down to appeal to Rust Belt voters, there might be a different angle as to why Trump selected Vance. That's because, for around five years, Vance was a venture capitalist, meaning his role as vice president could also result in pro-business and low regulation for tech companies. Source: InvestorPlace Fri, 26 Jul 2024 11:59:56 -0400 Sentiment: Positive |
| 3 American AI Stocks to Buy if You're Betting on Trump 2024 Following a series of historic events for the modern era, former President Donald Trump has never looked more likely to become president. This is especially relevant to investors in the broader artificial intelligence industry, who are waiting to see how the next administration will handle the regulation of AI. Source: InvestorPlace Fri, 26 Jul 2024 10:30:00 -0400 Sentiment: Positive |
| 3 High-Flying Tech Stocks Facing Valuation Concerns It's been a hot summer for much of the country, but it's getting frosty if you're in the technology sector. Traders are starting to rotate out of overvalued tech stocks as they believe that lower interest rates may make some other sectors more attractive. Source: InvestorPlace Fri, 26 Jul 2024 09:22:31 -0400 Sentiment: Negative |
| 3 Overhyped Stocks to Avoid for a Dramatic Fall Measuring a company's fair value, especially for overhyped stocks, is more difficult than it seems at first glance. It has to account for future growth, and that growth has to have a valid basis. Source: InvestorPlace Fri, 26 Jul 2024 07:36:21 -0400 Sentiment: Negative |
| Want to Go Long Palantir Stock? Why Potential PLTR Investors Should Wait. Palantir Technologies (NYSE: PLTR ) has seen a significant increase in its stock price in 2024 driven by optimism around its potential in the artificial intelligence (AI) sector. The AI-powered data analytics company has captured investor attention with its innovative solutions and expanding client base. Source: InvestorPlace Fri, 26 Jul 2024 06:20:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 29.83 52 Week Low: 13.68 Beta: 2.705 50 Day MA: 24.593 200 Day MA: 21.2947 Earnings / Revenue Trends Qtr Earnings Growth YOY: 4.018 Qtr Revenue Growth YOY: 0.208 Forward PE: 68.4932 Trailing PE: 221.9167