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Palantir Stock: Here’s What Investor Sentiment Signals After the Pullback
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Palantir Stock: Here’s What Investor Sentiment Signals After the Pullback

Story Highlights

Palantir stock witnessed a pullback over the past week. Let’s explore what investor sentiment signals for PLTR stock.

Free PLTR Analysis

Palantir Technologies (NYSE:PLTR) stock witnessed a pullback after it released its first-quarter financials last week. Despite this drop in value, individual investors maintain a Very Positive view of the company, given that in the last seven days, the number of portfolios (tracked by TipRanks) holding the stock increased by 1.7%. Moreover, it increased by 1.2% in the last 30 days. 

The company offers software platforms targeting commercial and government sectors.

The data indicates that these investors continue to show confidence in PLTR stock. Despite the recent decline, PLTR stock is still up about 116% over the past year. Palantir stock benefitted from investors’ optimism over artificial intelligence (AI) technology and its AI platform (AIP) launch, which enabled it to win large customer deals and boost its margins.

Overall, among the 733,692 portfolios monitored by TipRanks, 3.4% have invested in PLTR stock. 

Is PLTR a Buy, Sell, or Hold?

Though individual investors are optimistic about PLTR stock, Wall Street maintains a bearish outlook. Palantir stock sports a Moderate Sell consensus rating based on two Buys, five Holds, and three Sell recommendations. 

Given the recent rally, the analysts’ average PLTR stock price target of $21.89 implies 6.26% upside potential from current levels.  

Bottom Line

Palantir is well-positioned to capitalize on the AI demand. Individual investors maintain a positive view of the company.

The launch of AIP has accelerated the new customer acquisition rate, driving deal size and supporting margins. The company’s management highlighted during the Q1 conference call that despite Q1 being the seasonally slowest quarter, the AIP adoption by new and existing customers helped drive notable growth in customer acquisition and revenue in its US commercial business. 

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