Palantir Stock Detailed Analysis And Forecast In 2021 And Beyond

Thus, it is well established that Palantir does not sit well with the ethical community at all. This doesn’t mean that the company isn’t worth looking into. It has been dubbed as the world’s most secretive unicorn, with an estimated valuation of $20 billion pre-IPO. Its revenues have crossed the $1 billion mark in 2020, making it one of the most profitable semi-governmental agencies, surpassing the Central Intelligence Agency (CIA) and National Security Agency (NSA).  Interestingly, Palantir has worked with these governmental agencies as a contractor on and off throughout the years. Also, Palantir worked with the Centre for Disease Control (CDC) during the pandemic outbreak to analyze and compute red zones. 

Palantir Technologies Direct Listing 

PLTR has not issued any statements despite the multiple reports calling the organization’s technologies “unethical”, and has been a key strategic asset to the United States government. As a unicorn tech company, Palantir made its public debut on September 30, 2020, through a direct listing on the New York Stock Exchange. Owing to its direct IPO listing, the company evaded the initial costs of the IPO, allowing private investors to sell up to 20% of their stake through the exchange. Palantir started trading at $10 per share, giving it an initial valuation of $16.50 billion. The company has a fully diluted outstanding share base of 2.17 billion, comprising 52 million restricted stock units. Palantir has been named seven times in the CNBC Disruptor list. 

PLTR has gained 134.2% since its IPO to close Friday’s trading session at $23.98. The stock has gained 1.42% during aftermarket hours and is expected to have an opening price of $24.32 on March 22, 2021. 

PLTR Stock: Price Movement 

PLTR made its public debut on September 30, 2020, with an initial trading price of $10. However, the stock declined marginally on the same date to close the trading session at $9.50. PLTR hit its all-time low of $8.90 a few days later on October 6, 2020. 

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Disclaimer: All the information in this article - is published in good faith and for general information purpose only. Hashtag Investing does not make any warranties about the completeness, ...

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William K. 1 month ago Member's comment

Given the very secretive nature of such a large part of it's operations, how would one find any of the financial statements oor projections believable???