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What Investors Need to Know
Palantir Technologies Inc. (PLTR) closed the most recent trading day at $81.22, moving +1.83% from the previous trading session. The stock outpaced the S&P 500’s daily gain of 0.53%. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw an increase of 0.25%.
Shares of the company have appreciated by 5.46% over the course of the past month, outperforming the Business Services sector’s gain of 3.28% and the S&P 500’s gain of 1.24%.
The investment community will be closely monitoring the performance of Palantir Technologies Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on February 3, 2025. In that report, analysts expect Palantir Technologies Inc. to post earnings of $0.11 per share. This would mark year-over-year growth of 37.5%. Meanwhile, our latest consensus estimate is calling for revenue of $777.49 million, up 27.8% from the prior-year quarter.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Palantir Technologies Inc. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts’ confidence in the company’s business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.82% higher. Palantir Technologies Inc. is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, Palantir Technologies Inc. is presently being traded at a Forward P/E ratio of 165.13. This indicates a premium in contrast to its industry’s Forward P/E of 23.71.
We can additionally observe that PLTR currently boasts a PEG ratio of 4.58. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. The Technology Services industry had an average PEG ratio of 1.6 as trading concluded yesterday.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 87, finds itself in the top 35% echelons of all 250+ industries.
Investing can be a great way to grow your wealth and achieve financial independence, but it’s important to understand the risks and rewards involved. Here are some key things that investors need to know before diving into the world of investing:
1. Risk tolerance: Before making any investment decisions, it’s important to assess your risk tolerance. How much volatility can you handle in your investments? Are you comfortable with the possibility of losing money in the short term for the potential of higher returns in the long term?
2. Investment goals: What are you investing for? Are you saving for retirement, a down payment on a house, or just looking to grow your wealth over time? Your investment goals will help determine your investment strategy and time horizon.
3. Diversification: Diversification is key to reducing risk in your investment portfolio. By spreading your investments across different asset classes, industries, and geographic regions, you can minimize the impact of any one investment performing poorly.
4. Investment vehicles: There are many different types of investment vehicles available to investors, including stocks, bonds, mutual funds, ETFs, real estate, and more. Each investment vehicle comes with its own risks and potential rewards, so it’s important to do your research and choose investments that align with your goals and risk tolerance.
5. Fees and expenses: When investing, it’s important to be aware of the fees and expenses associated with your investments. High fees can eat into your returns over time, so it’s important to choose investments with low fees whenever possible.
6. Market volatility: The stock market can be volatile, with prices fluctuating on a daily basis. It’s important to stay informed about market trends and economic indicators that can impact your investments.
7. Long-term mindset: Investing is a long-term game, and it’s important to have a patient mindset when it comes to your investments. Trying to time the market or make quick profits can often lead to poor investment decisions.
By keeping these key points in mind, investors can make informed decisions and build a strong investment portfolio that aligns with their financial goals. Remember, investing is a marathon, not a sprint, so patience and discipline are key to long-term success.
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