Palantir Technologies Inc PLTR will be reporting its first-quarter earnings on Monday. Wall Street expects 8 cents in EPS and $625.43 million in revenues as the company reports after market hours.
The stock is up 208.60% over the past year, +35.88% YTD.
Palantir’s commercial division is thriving, particularly in the US, due to high demand for its AI platform. However, according to one analyst, its government segment is struggling, with uneven revenue from contracts, inconsistent execution, and concerns about high valuation.
Let’s look at what the charts indicate for Palantir stock, and how the stock currently maps against Wall Street estimates.
Palantir Technical Setup Ahead Of Q1 Earnings
Palantir’s stock is currently experiencing a strongly bullish trend.
Its share price is above its 5, 20, and 50-day exponential moving averages (EMAs). This indicates slight buying pressure in the market. The stock price of Palantir is at $24.10, while the 5-day EMA is at $23.11, signaling bullish sentiments.
The 50-day simple moving average is at $23.37, and the 200-day simple moving average is $18.92, reinforcing the bullish sentiments. The 5-day exponential moving average is at $23.11, indicating bullishness, and the 20-day exponential moving average is at $22.52, also suggesting investor optimism.
Additionally, the 50-day exponential moving average is at $22.45, indicating bullish momentum technically.
The Moving Average Convergence Divergence (MACD) indicator, at 0.02, indicates a degree of bullishness. Additionally, the Relative Strength Index (RSI) stands at 62.12, trending upwards toward the 70 level. Crossing this threshold would classify Palantir Technologies’ stock as overbought.
Looking at the Bollinger Bands, the stock has recently crossed over to the upper (bullish) band from the lower (bearish) band, indicating strength in positive momentum and buying activity associated with the stock.
Overall, based on these indicators and oscillators, Palantir Technologies stock appears to be in a bullish phase.
Palantir Analysts Consensus Ratings
Ratings & Consensus Estimates: The consensus analyst rating on Palantir stock stands at a Neutral with a price target of $17.09. The most recent analyst ratings for Palantir stock were released by Monness, Crespi, Hardt, Wedbush, and Mizuho. These analysts have set an average price target of $25.33 for the stock, suggesting a potential upside of 5.12% from the current price.
PLTR Price Action: Palantir stock closed 3.46% higher at $23.33 on Friday.
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