What is Palantir Technologies Stock Price and Should You Invest in It?
In the world of investing, it’s crucial to stay informed about the companies you’re considering investing in. One such company that has been making headlines recently is Palantir Technologies. This article will provide a comprehensive overview of Palantir Technologies, its stock, and whether it’s a good investment choice.
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What is Palantir Technologies?
Palantir Technologies is a software company that specializes in big data analytics. The company’s name is derived from the “seeing stones” in J.R.R. Tolkien’s “The Lord of the Rings.” Much like the mythical palantír, the company’s technology is designed to help its users see things they otherwise couldn’t. Palantir’s software helps organizations answer complex questions by making it possible to manage, analyze, and secure their data.
What is Palantir Technologies stock?
Palantir Technologies stock is traded on the New York Stock Exchange under the ticker symbol “PLTR.” The company went public in September 2020 through a direct listing, a method that allows companies to go public without raising new capital. Since its listing, Palantir’s stock has seen significant volatility, reflecting the differing opinions of investors and analysts about the company’s future prospects.
What is Palantir Technologies stock price?
As of July 18, 2023, Palantir Technologies stock is trading at $17.78 per share after hours, according to CNBC. The stock has seen a significant increase in 2023, with a year-to-date change of 171.03%. The 52-week high for the stock is $17.59, and the 52-week low is $5.84. The company has a market capitalization of $28.679 billion.
What is Palantir Technologies stock symbol
Palantir Technologies stock trades under the ticker symbol “PLTR” on the New York Stock Exchange.
What is Palantir Technologies stock name？
The official name of the stock is Palantir Technologies Inc.
How to buy Palantir Technologies stock?
To buy Palantir Technologies stock, you’ll need to have a brokerage account. Here are the general steps you can follow:
- Open a brokerage account: Choose a brokerage that suits your needs. Consider factors like trading fees, platform usability, customer service, and available research tools. Some popular online brokerages include E*TRADE, TD Ameritrade, and Robinhood.
- Deposit funds: Transfer money into your brokerage account. This can usually be done through a bank transfer.
- Search for Palantir Technologies: Use the search function in your brokerage platform and enter the ticker symbol “PLTR.”
- Select the number of shares: Decide how many shares of Palantir Technologies you want to buy. Make sure to consider your budget and risk tolerance.
- Place your order: You can choose to place a market order, which will buy the stock at its current market price, or a limit order, which will only buy the stock if it reaches a certain price.
- Confirm and wait: After you’ve placed your order, you’ll need to wait for it to be executed. Once it is, the shares of Palantir Technologies will appear in your portfolio.
Palantir Technologies stock VS C3.ai stock stock
Both Palantir Technologies and C3.ai are prominent players in the artificial intelligence (AI) and data analytics space. Both companies have shown significant growth potential, but they also face stiff competition and high expectations from investors. As always, potential investors should thoroughly research and consider their risk tolerance before investing in these or any stocks.
Here’s a comparison table:
Palantir Technologies | C3.ai | |
Stock Price | $17.78 | $38.73 |
Stock Symbol | PLTR | AI |
Market Cap | $28.679B | $4.43B |
User Base | Diverse (Government, Defense, Finance..) | Not publicly disclosed |
Revenue (TTM) | $1.985B | $72.41M |
Palantir Technologies user statistics
Palantir Technologies serves a wide range of industries, including government, defense, finance, legal research, and healthcare. The company’s software is used by many of the world’s largest organizations to solve their most critical problems. However, specific user statistics are not publicly available.
Conclusion
Investing in stocks always comes with risks, and Palantir Technologies is no exception. While the company has shown impressive growth and has high-profile clients, it also faces significant challenges, including competition, the need to continue innovating, and high expectations from investors. As always, potential investors should do their own research and consider their risk tolerance before investing.
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