InvestorsObserver gives Palantir Technologies Inc (PLTR) an analyst rating of 4, meaning that PLTR is rated higher by analysts than 4% of stocks. The average price target for PLTR is $12.555 and analysts rate the stock as a Hold.
Why are analyst ratings important?
A company’s financial statements are an important factor weighted by experts when analyzing a company’s health. Beyond the numbers, analysts follow specific industries closely and are able to understand in detail how a storm in one part of the world can shut down supply chains, causing consumption to change across the globe. This knowledge allows investors to react to potential market changes before they are revealed in a quarterly announcement.
InvestorsObserver averages the ratings of all these analysts and ranks these averages into percentiles. This allows you to compare stocks in more detail than the usual five-level system used by the majority of investors.
What’s going on with Palantir Technologies Inc stock today?
Palantir Technologies Inc (PLTR) stock is trading at $9.93 at 10:55 a.m. on Thursday, August 11, a gain of $0.34, or 3.55% from the previous closing price of 9.59 $. The stock has traded between $9.67 and $10.05 so far today. The volume today is light. So far, 12,805,713 shares have been traded against an average volume of 40,219,877 shares. Click here for the full Palantir Technologies Inc. stock report.
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