How to Buy Palantir Stock
Palantir Technologies Inc
Palantir is a software infrastructure company located in Colorado, United States, which is part of the Technology sector, and is traded under the ticker PLTR on the NYSE exchange.
Palantir stock last closed at $21.76, up 0.51% from the previous day, and has increased 112.29% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.98 percentage points. Palantir stock is currently +91.04% from its 52-week low of $11.39, and -20.87% from its 52-week high of $27.50.
At the moment, there are 2.23B PLTR shares outstanding. The market value of PLTR is $48.46B. In the past 24 hours, 29.8M PLTR shares were traded.
How to Buy Palantir Stock
Not sure how to invest in Palantir stock? Here's how.
- Decide where to buy Palantir stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you decide where to buy Palantir stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Choose your method of payment and add your information.
- Evaluate Palantir stock: The Palantir ticker symbol is PLTR. Is Palantir stock a good investment? Should you buy shares of PLTR? How do PLTR's underlying business fundamentals look? Do top analysts think Palantir is a good buy? Why has PLTR's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if PLTR is a good stock to buy).
- Execute your PLTR purchase: Decide if you will purchase PLTR shares at the current market price or use a limit order to buy PLTR shares at a particular price.
- Keep tabs on your PLTR investment: Create a watchlist to key updates about your investment in Palantir shares.
Step 1: Decide where to buy Palantir stock
You need a brokerage account to access the NYSE market and buy PLTR stock.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal details so you can invest in PLTR stock today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to create a new brokerage account.
- Send your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've created your account on the best stock investing app, your next step is to transfer the money for your investment:
Watch this video walkthrough if you need help transferring money into your new brokerage account.
Step 4: Evaluate Palantir stock
After you have decided on the best place to buy Palantir stock, it's important to analyze their stock before you invest, so you can understand the risk and opportunity.
Palantir stock data
Palantir Zen Score
WallStreetZen was built to help part-time investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on PLTR's stock page.
Is PLTR stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge PLTR's true value.
Using relative valuations metrics:
- PLTR may be overvalued based on its P/E ratio of 155.43x, relative to Software - Infrastructure industry P/E ratio of 45.36x
- PLTR could be overvalued based on its P/B ratio of 12.84x, relative to Software - Infrastructure industry P/B ratio of 11.92x
You can access more valuation research on PLTR's stock here.
PLTR Financial Health Summary
Signs that PLTR is financially healthy:
- There are more short-term assets than long-term liabilities on the PLTR balance sheet.
- PLTR has a low debt to equity ratio of 0.25.
- PLTR's operating cash flow of $654.39M allows it to safely service it's debt of $217.07M.
- PLTR profit margin has gone up from -12.9% to 12.8% in the past year.
- PLTR earnings of $323.44M is not enough to cover its interest payments.
- There are more short-term assets than short-term liabilities on the PLTR balance sheet.
Do analysts think it's a good time to buy PLTR stock
Out of 11 Equities analysts who give ratings on PLTR, the consensus analyst rating on Palantir is a Hold
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent PLTR Analyst Upgrades/Downgrades
Daniel Ives, a top 6% analyst from Wedbush reiterates PLTR with a buy rating and maintains their PLTR price target from $35.00 to $35.00, on May 6, 2024.
Brian White, a top 9% analyst from Monness, Crespi, Hardt downgrades PLTR to a strong sell rating and announces their PLTR price target of $20.00, on Mar 28, 2024.
Monness, Crespi, Hardt's Brian White downgraded their rating on Palantir (NYSE: PLTR) from Hold to Strong Sell on 2024/03/28. The analyst also announced a $20 price target.
The "unprecedented generative AI hype cycle" has caused Palantir stock to trade at an "egregiously rich valuation," White argued.
The company's government contract revenue has "proven lumpy," its execution has been "spotty," and its pricing is "excessive," the analyst explained, and, "The worst of the economic slump is yet to come."
Nevertheless, White thinks Palantir is poised to reap the benefits of the AI trend in the long run and "to be able to coast on geopolitical storms in the near- to mid-term."
Matthew Broome, a top 21% analyst from Mizuho maintains PLTR with a hold rating and raises their PLTR price target from $18.00 to $21.00, on Mar 7, 2024.
Mariana Perez, a top 35% analyst from Bank of America maintains PLTR with a strong buy rating and raises their PLTR price target from $24.00 to $28.00, on Mar 6, 2024.
Brian Gesuale, a top 7% analyst from Raymond James maintains PLTR with a buy rating and raises their PLTR price target from $22.00 to $25.00, on Feb 6, 2024.
You can dig deeper into what analysts are forecasting on the Palantir stock forecast page.
Metrics for Advanced PLTR Traders
PLTR Growth Metrics
Last year, PLTR revenue was $2.33B. In the last three year, PLTR's revenue has increased by 97.88% per year. This was faster than the Software - Infrastructure industry average of 18.16%.
You can research PLTR's earnings and revenue performance here.
Latest Insiders Trades at PLTR
Over the last 12 months, executives and large shareholders at PLTR have sold more shares than they have bought.
Peter Thiel, Director of PLTR, was the latest PLTR insider to sell. They sold $103,920,000.00 worth of PLTR shares on May 10, 2024.
Dig into more about who owns PLTR shares here.
Does PLTR provide a stable income stream?
No, Palantir doesn't provide an income stream by paying out dividends.
What others are saying about PLTR
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your PLTR purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally the easiest way to buy. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount, use a limit order.
Hit the Open button and eToro will execute the order.
If you want more info about investing in stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your PLTR investment
Now that you own some shares in PLTR, you'll want to keep up with your company.
Add PLTR to a watchlist to monitor your PLTR stock.
PLTR Feed
How to Buy Stock in Palantir
To summarize, here are the 6 steps you need to take to buy Palantir stock right now:
- Decide where to buy Palantir stock
- Create your brokerage account
- Put funds into your brokerage account
- Evaluate Palantir stock
- Execute your PLTR purchase
- Keep tabs on your PLTR investment
If you are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Palantir, click the button below.
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