Artificial intelligence is revolutionizing industries across the board. These 25 companies span the spectrum, providing investors with a diversified basket of AI-centric equities. These stocks could be risky investments to hold in the second half of the year. As of this writing, Dana Blankenhorn had a LONG position in MSFT.
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- According to these documents, Palantir’s ICM software is considered ‘mission critical’ to ICE.
- Palantir has responded that its software is not used to facilitate deportations.
- To be honest, this earnings report has shifted my view on the company considerably.
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Bearish on OKTA & Bullish on PLTR, JPM
So, value-focused investors might concur with the Mizuho analysts on this particular point. The stock has gained more than 50% year-to-date as the AI wave continues to grow. According to data from Benzinga Pro, Palantir shares are trading above the stock’s 50-day moving average of $22.82 and just below its 52-week high of $27.50. Brian Feroldi has no position in any of the stocks mentioned. Brian Stoffel has no position in any of the stocks mentioned.
Earnings and Valuation
On the date of publication, the responsible editor did not have (either directly or indirectly) and positions in the securities mentioned in this article. On the date of publication, Louis Navellier had a long position in PLTR. Louis Navellier did not have (either directly or indirectly) any other positions how many states have bicameral legislature in the securities mentioned in this article. Palantir Technologies’ upcoming earnings event is high-stakes for the company and its investors. The company might or might not be able to justify its seemingly high valuation. Parkev Tatevosian, CFA has no position in any of the stocks mentioned.
PLTR Related ETFs
Wedbush analyst Daniel Ives recently named Palantir as one of his top tech picks for the remainder of 2024. Ives said that he expects tech stocks, including Palantir, to rise another 15% on top of gains from the first half of the year. PLTR shares are trading higher Friday, and the stock is up more https://www.1investing.in/ than 17% over the past month. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
To see all exchange delays and terms of use please see Barchart’s disclaimer. Palantir Technologies (PLTR) raised $0 in an initial public offering (IPO) on Wednesday, September 30th 2020. Click the link below and we’ll send you MarketBeat’s guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Palantir Announces Date of Second Quarter 2024 Earnings Release and Webcast
It combines what’s known about all your assets and offers strategic insights into deploying them, in real time. Shares of software company Palantir Technologies, Inc. (PLTR) are on fire thanks to AI-related revenue growth. Originally intended as a tool for the Federal Government, the company has since expanded to serve state and local governments as well as private corporations.
Few companies are as difficult for non-techies to understand as Palantir (PLTR -2.62%). The software company was started in the aftermath of Sept. 11 and focused on providing counterterrorism intelligence to the U.S. government. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating.
The defense contractor and data analytics company was bumped to Underperform from Neutral by analysts at Mizuho. At least two analysts have downgraded Palantir Technologies Inc. shares in the past month over valuation concerns, but the stock’s biggest bull is sticking with his upbeat stance. Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price. Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. I’m going to remain on the sidelines with Palantir for now.
Palantir has responded that its software is not used to facilitate deportations. However, documents obtained by The Intercept[84] show that this is not the case. According to these documents, Palantir’s ICM software is considered ‘mission critical’ to ICE. Palantir happily took the label of “Artificial Intelligence” after ChatGPT arrived. At the time the stock was selling for under $8 and the company was struggling to define itself as a data analysis company.
The Motley Fool owns shares of and recommends Palantir Technologies Inc. But in the nearly two decades since its founding, its offerings have become much wider. Part of the reason for the wild ride might be that it’s really difficult to discern how this technology is applied. Palantir, renowned for its collaborations with the U.S. government, noted a 70% surge in U.S. commercial revenue. Additionally, its U.S. commercial-customer base expanded by 55%.