Gain detailed insights into the trading activity of Congress members for Palantir Technologies on our government trades page. Stay updated on how elected officials are investing in PLTR.

Palantir Technologies - Government Trades

Palantir Technologies

Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.

The Palantir Trade

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The data analytics company&#39;s market value reached $137.17 billion, surpassing Lockheed Martin&#39;s $135.25 billion, reflecting Palantir&#39;s growth in artificial intelligence and data analytics within modern defense and security operations.

Palantir Overtakes Lockheed Martin In Market Cap, How Does The &#39;Messi Of AI&#39; Stack Up Against The Traditional Defense Player

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Palantir Technologies Inc. (NYSE: PLTR) shares are trading higher Friday after climbing new highs during the week. Here&#39;s what you need to know.

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Palantir Technologies Inc (NYSE:PLTR) shares are getting pulled in different directions Thursday morning. The stock initially moved lower on a downgrade from Jefferies before bouncing back on a partnership with Amazon.com Inc (NASDAQ:AMZN) Web Services (AWS) and Anthropic. Here&#39;s what you need to know.

What&#39;s Going On With Palantir Stock Thursday?

Palantir Technologies Inc. Class A Common Stock

Palantir Technologies Inc

Palantir Technologies Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) market capitalization has exceeded that of traditional defense industry leader Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), marking a significant shift in the <a href="https://www.benzinga.com/24/11/41871055/jeff-bezos-backed-anthropic-ai-startup-to-partner-with-palantir-and-aws-for-us-defense-following-meta-and-microsoft">defense and technology sector landscape</a>.
What Happened: The data analytics company&#8217;s market value reached $137.17 billion, surpassing Lockheed Martin&#8217;s $135.25 billion, reflecting Palantir&#8217;s growth in artificial intelligence and data analytics within modern defense and security 
Palantir stock reached an all-time high at $60.24 on Monday, with its stock up 263.33% year-to-date, pushing its market capitalization to $137.17 billion, surpassing Lockheed Martin&#8217;s $135.25 billion. Lockheed Martin's stock has risen 25.09% to $570.58 in 2024, according to <a href="https://www.benzinga.com/pro/" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
The stark difference in valuation metrics between the two companies highlights their distinct market positions. Palantir trades at a premium price-to-earnings ratio of 304.78. Meanwhile, Lockheed Martin maintains a more traditional defense industry P/E ratio of 20.64.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41867380/anthony-scaramucci-sued-by-ftx-says-bankman-fried-made-investments-in-skybridge-endeavors-that-conveyed-little-to-benefit?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Sued By FTX, Says Bankman-Fried Made Investments In SkyBridge Endeavors That &#8216;Conveyed Little To No Benefit&#8217;</a>
Why It Matters: This development underscores Palantir&#8217;s meteoric rise in the market, reflecting its growing influence. This surge in market cap comes on the heels of a series of <a href="https://www.benzinga.com/24/11/41871055/jeff-bezos-backed-anthropic-ai-startup-to-partner-with-palantir-and-aws-for-us-defense-following-meta-and-microsoft">strategic moves by Palantir</a>, including its partnership with Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) for U.S. defense initiatives.
Additionally, Palantir&#8217;s strong financial performance, with a 30% year-over-year increase in total revenue and a 39% growth in customer count, has <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41732827/messi-of-ai-wall-street-analyst-gushes-over-robust-earnings-from-palantir">been lauded by analysts</a>, with Wedbush analyst Dan Ives calling the company &#8220;The Messi of AI.&#8221;
Meanwhile, Lockheed Martin has been making <a href="https://www.benzinga.com/markets/equities/24/11/41735903/meta-amazon-microsoft-partner-on-defense-ai-initiative">strategic moves of its own</a>, such as partnering with Meta, Amazon, and Microsoft for a defense AI initiative and reporting a strong free cash flow of $2.1 billion in <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41505464/lockheed-martin-analyst-spotlights-revenue-free-cash-flow-cautious-about-conservati">the third quarter</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Palantir Overtakes Lockheed Martin In Market Cap, How Does The 'Messi Of AI' Stack Up Against The Traditional Defense Player

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<li>Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) shares surged 41.0% after the company reported better-than-expected financial results and issued guidance <a href="https://www.benzinga.com//node/41856961" target="_blank" rel="noreferrer noopener">above consensus</a>.</li>
<li>Axon Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) stock rose 39.76% after the company reported third-quarter and <a href="https://www.benzinga.com//node/41823452" target="_blank" rel="noreferrer noopener">issued guidance above estimates</a>.</li>
<li>Doximity, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCS#NYSE">DOCS</a>) shares were up 39.29% after the company reported <a href="https://www.benzinga.com//node/41829467" target="_blank" rel="noreferrer noopener">strong second-quarter results</a>.</li>
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<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) shares jumped 25.58% on Trump&#8217;s victory <a href="https://www.benzinga.com//node/41793048" target="_blank" rel="noreferrer noopener">in the U.S. presidential election</a>.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) stock upped 23.64% <a href="https://www.benzinga.com//node/41773982" target="_blank" rel="noreferrer noopener">following election results</a>.</li>
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Photo via Shutterstock

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$330.00</td>
<td>$108.0K</td>
<td>1.9K</td>
<td>33.5K</td>
</tr>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$145.00</td>
<td>$222.6K</td>
<td>26.8K</td>
<td>10.9K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$50.00</td>
<td>$34.8K</td>
<td>19.3K</td>
<td>6.5K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$200.00</td>
<td>$28.8K</td>
<td>25.4K</td>
<td>3.4K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$225.00</td>
<td>$31.6K</td>
<td>28.3K</td>
<td>3.2K</td>
</tr>
<tr>
<td>SOUN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$6.50</td>
<td>$29.6K</td>
<td>6.6K</td>
<td>3.0K</td>
</tr>
<tr>
<td>CRM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$330.00</td>
<td>$72.0K</td>
<td>35</td>
<td>1.0K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$65.00</td>
<td>$102.5K</td>
<td>3.6K</td>
<td>793</td>
</tr>
<tr>
<td>CLSK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$18.00</td>
<td>$41.2K</td>
<td>104</td>
<td>589</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$130.00</td>
<td>$35.9K</td>
<td>2.8K</td>
<td>578</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option trade with bullish sentiment. It expires in 4 day(s) on November 15, 2024. Parties traded 78 contract(s) at a $330.00 strike. The total cost received by the writing party (or parties) was $108.0K, with a price of $1385.0 per contract. There were 1998 open contracts at this strike prior to today, and today 33540 contract(s) were bought and sold. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option trade with bearish sentiment. It expires in 11 day(s) on November 22, 2024. Parties traded 325 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $222.6K, with a price of $685.0 per contract. There were 26890 open contracts at this strike prior to today, and today 10904 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option sweep that happens to be bearish, expiring in 67 day(s) on January 17, 2025. This event was a transfer of 401 contract(s) at a $50.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $34.8K, with a price of $87.0 per contract. There were 19391 open contracts at this strike prior to today, and today 6507 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a call option trade with bearish sentiment. It expires in 67 day(s) on January 17, 2025. Parties traded 28 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $28.8K, with a price of $1032.0 per contract. There were 25498 open contracts at this strike prior to today, and today 3493 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option trade that happens to be bullish, expiring in 67 day(s) on January 17, 2025. This event was a transfer of 44 contract(s) at a $225.00 strike. The total cost received by the writing party (or parties) was $31.6K, with a price of $720.0 per contract. There were 28398 open contracts at this strike prior to today, and today 3205 contract(s) were bought and sold. 
• For SOUN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>), we notice a call option trade that happens to be bullish, expiring in 4 day(s) on November 15, 2024. This event was a transfer of 200 contract(s) at a $6.50 strike. The total cost received by the writing party (or parties) was $29.6K, with a price of $148.0 per contract. There were 6653 open contracts at this strike prior to today, and today 3006 contract(s) were bought and sold. 
• For CRM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), we notice a put option trade that happens to be bullish, expiring in 39 day(s) on December 20, 2024. This event was a transfer of 60 contract(s) at a $330.00 strike. The total cost received by the writing party (or parties) was $72.0K, with a price of $1200.0 per contract. There were 35 open contracts at this strike prior to today, and today 1094 contract(s) were bought and sold. 
• For PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we notice a call option trade that happens to be bearish, expiring in 221 day(s) on June 20, 2025. This event was a transfer of 100 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $102.5K, with a price of $1025.0 per contract. There were 3619 open contracts at this strike prior to today, and today 793 contract(s) were bought and sold. 
• For CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we notice a put option trade that happens to be bullish, expiring in 4 day(s) on November 15, 2024. This event was a transfer of 200 contract(s) at a $18.00 strike. The total cost received by the writing party (or parties) was $41.2K, with a price of $206.0 per contract. There were 104 open contracts at this strike prior to today, and today 589 contract(s) were bought and sold. 
• Regarding DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we observe a call option trade with neutral sentiment. It expires in 4 day(s) on November 15, 2024. Parties traded 50 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $35.9K, with a price of $719.0 per contract. There were 2862 open contracts at this strike prior to today, and today 578 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

CLSK

DELL

MARA

MSTR

SOUN

10 Information Technology Stocks With Whale Alerts In Today's Session

<ul>
<li>TSLA</li>
<li>RKLB</li>
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<li>NVDA</li>
<li>LUNR</li>
<li>MSTR</li>
<li>CORN</li>
<li>HOOD</li>
<li>MARA</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

CORN

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Anthropic, a company that has positioned itself as a more safety-conscious alternative to Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) backed OpenAI, has announced a partnership with Amazon.com Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon Web Services and Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) to provide its Claude A.I. models to U.S. <a href="https://www.benzinga.com/markets/equities/24/11/41735903/meta-amazon-microsoft-partner-on-defense-ai-initiative">defense and intelligence agencies</a>.
What Happened: The deal, announced on Monday, will see Jeff Bezos-backed Anthropic&#8217;s Claude A.I. models being used by U.S. defense and intelligence agencies for tasks such as data processing and document preparation, <a href="https://observer.com/2024/11/openai-rival-anthropic-provide-ai-models-dod/">reported</a> the Observer. 
This move aligns with the growing trend of artificial intelligence companies providing their technologies to the U.S. government.
Between August 2022 and 2023, the value of A.I.-related federal contracts surged by 150% to $675 million. The U.S. Department of Defense has emerged as a major player in this space, with the value of its AI-related contracts increasing from $190 million to $557 million during this period.
Anthropic&#8217;s Claude A.I. models will be accessible to government customers through Palantir&#8217;s platform on AWS. This access is expected to significantly enhance intelligence analysis, decision-making processes, and operational efficiency across departments.
According to Anthropic&#8217;s usage policy, the company is permitted to enter into contracts with &#8220;carefully selected government entities&#8221; for &#8220;foreign intelligence analysis in accordance with applicable law.&#8221; However, the use of its A.I. systems for disinformation campaigns, weapon design, censorship, domestic surveillance, and &#8220;malicious&#8221; cyber operations remains restricted.
See Also: <a href="https://www.benzinga.com/markets/equities/24/11/41867104/lucid-ceo-scrambles-for-damage-control-as-shares-plunge-47-this-year-as-a-major-shareholderbelieve-me-nobody-is-more-incentivized-than-me-for-success?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Lucid CEO Scrambles For Damage Control As Shares Plunge 47% This Year:</a>
Why It Matters: This announcement follows a similar move by Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), which recently revealed plans to allow U.S. government agencies and contractors to use its open-source Llama A.I. models for <a href="https://www.benzinga.com/markets/equities/24/11/41735903/meta-amazon-microsoft-partner-on-defense-ai-initiative">defense and national security applications</a>. 
Microsoft also <a href="https://www.benzinga.com/news/24/08/40250122/microsoft-palantir-shares-rise-as-tech-titans-ink-deal-to-deploy-ai-tools-for-us-government-agencies">teamed up with Palantir</a> in August to offer A.I. software and capabilities to defense-focused U.S. federal agencies.
Earlier in the year, Google&#8216;s Project Jarvis and Anthropic were reported to be making significant advancements in <a href="https://www.benzinga.com/markets/equities/24/10/41592044/googles-project-jarvis-and-jeff-bezos-backed-anthropic-are-just-scratching-the-surface-of-agenti">AI-powered web browsing capabilities</a>.
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41862517/as-tesla-market-capitalization-soars-past-1-trillion-dan-ives-calls-musks-trump-bet-poker-move-for-the-ages-gene-munster-say-it-is-more-than-just-a-meme-stock?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">As Tesla Market Capitalization Soars Past $1 Trillion, Dan Ives Calls Musk&#8217;s Trump Bet &#8216;Poker Move For The Ages: Gene Munster Say It Is &#8216;More Than Just A Meme Stock&#8217;</a></li>
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

The week was abuzz with major developments in the tech industry. From Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) contemplating another massive investment in AI startup Anthropic, to Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) outlining its unique AI strategy, the tech world was far from quiet.
Amazon Eyes Second Multi-Billion-Dollar Investment in Anthropic
Following a $4 billion investment last year, Amazon is reportedly considering another significant investment in AI startup Anthropic. The startup, co-founded by former OpenAI executives Dario and Daniela Amodei, utilizes Amazon&#8217;s cloud services for training. The e-commerce giant has requested Anthropic to use a substantial number of servers powered by chips developed by the cloud computing giant.
<a href="https://www.benzinga.com/news/24/11/41832230/after-openai-and-perplexity-ai-startup-anthropic-may-secure-another-massive-investment-amazon-report">Read the full article here.</a>
Palantir&#8217;s Unique AI Strategy
Palantir Technologies unveiled its Q3 financial results, highlighting its distinctive strategy of maximizing AI models. Ryan Taylor, Palantir's chief revenue and legal officer, explained that while most investments focus on enhancing AI models, Palantir&#8217;s strategy is to maximize these models within the enterprise context.
<a href="https://www.benzinga.com/news/24/11/41735837/ai-haves-vs-have-nots-palantirs-ryan-taylor-outlines-companys-winning-strategy">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/11/41799239/amazons-andy-jassy-says-i-hate-bureaucracy-as-he-plans-to-slash-managerial-layers-the-goal-again-is?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amazon&#8217;s Andy Jassy Says &#8216;I Hate Bureaucracy&#8217; As He Plans To Slash Managerial Layers</a>
Meta&#8217;s AI Ambitions Stung by Rare Bees
Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) hit a snag in its plans to construct a nuclear-powered AI data center in the U.S. due to the discovery of a rare bee species on the proposed site. Meta CEO Mark Zuckerberg had intended to collaborate with an existing nuclear power plant operator to provide emissions-free electricity for the new data center. However, environmental and regulatory issues have disrupted the project.
<a href="https://www.benzinga.com/news/24/11/41734318/mark-zuckerbergs-nuclear-powered-ai-ambitions-at-meta-stung-by-rare-bees">Read the full article here.</a>
Super Micro Computer&#8217;s Q1 Earnings Amid Delisting Fears
Significant governance issues at Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) have raised concerns about the company&#8217;s financial credibility. The recent departure of Ernst &amp; Young as its auditor over transparency and governance concerns hit shares even harder. While management has set up a special committee to address the issues, SMCI now faces a Nov. 20 deadline to regain Nasdaq compliance or risk delisting.
<a href="https://www.benzinga.com/trading-ideas/technicals/24/11/41745935/super-micro-computer-posts-q1-earnings-are-delisting-fears-here-to-stay-or-can-the-stock">Read the full article here.</a>
Palantir&#8217;s &#8220;Eye-Popping&#8221; Results
Palantir Technologies reported impressive Q3 financial results, beating analyst estimates on both top and bottom lines. The company&#8217;s total revenue increased by 30% YoY, and its customer count grew by 39%. Wall Street analyst Dan Ives praised the results, referring to Palantir as &#8220;The Messi of AI&#8221;.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41732827/messi-of-ai-wall-street-analyst-gushes-over-robust-earnings-from-palantir">Read the full article here.</a>
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Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Amazon's AI Investment, Palantir's Winning Strategy, Meta's Bee Problem, And Palantir's 'Eye-Popping' Results: This Week In AI

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
Equities soared this week, powered by a major rally on Wednesday following Donald Trump's election win. The S&amp;P 500 gained 4.66%, with the Dow rising 4.61%—both achieving their best weeks since November 2023—while the Nasdaq outpaced them with a 5.74% increase. 
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) surged 30%, boosting Elon Musk's wealth, and smaller stocks outshined large caps, driven by potential trade advantages for U.S.-focused businesses. 
A rate cut from the Federal Reserve to a 4.5%-4.75% range on Thursday encouraged further risk-taking, sending the Magnificent Seven's combined market cap to <a href="https://www.benzinga.com/24/11/41857971/trumps-win-sends-wall-street-to-record-highs-small-caps-tesla-outperform-fed-cuts-interest-rates-this-week-in-the-market">a new $17 trillion peak.</a>
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
&#8220;<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/11/41724410/nvidia-joining-dow-jones-industrial-average-where-tech-giant-ranks-in-the-index-why-sh">Nvidia Joining Dow Jones Industrial Average: Where Tech Giant Ranks In The Index, Why Sherwin-Williams Addition Could Be More Important</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, covers NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) joining the Dow Jones and replacing Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), with analysts noting Sherwin-Williams Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) may have a broader impact on the index's sector diversity.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41803277/dogecoin-up-79-in-a-month-nears-0-20-with-beautiful-bounce-from-key-levels-analysts-say">Dogecoin Up 79% In A Month, Nears $0.20 With &#8216;Beautiful Bounce From Key Levels,&#8217; Analysts Say</a>,&#8221; by <a href="https://www.benzinga.com/author/khyathi-dalal">Khyathi Dalal</a>, reports that Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) has surged 79% over the past month, breaking above $0.20 as analysts predict further gains. Ali Martinez highlights a descending triangle pattern, suggesting a potential climb to $0.22, while a crypto trader forecasts a &#8220;beautiful bounce&#8221; if DOGE breaks the $0.198 resistance level.
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41732827/messi-of-ai-wall-street-analyst-gushes-over-robust-earnings-from-palantir">‘Messi Of AI': Wall Street Analyst Gushes Over &#8216;Robust&#8217; Earnings From Palantir</a>,&#8221; by <a href="https://www.benzinga.com/author/adam-eckert">Adam Eckert</a>, highlights Wedbush analyst Dan Ives&#8217; praise for Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) after its strong Q3 earnings. Ives, who calls Palantir the &#8220;Messi of AI,&#8221; noted 30% revenue growth, a 39% rise in customer count, and robust government and commercial deal momentum.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/markets/asia/24/11/41722178/if-trump-and-republicans-sweep-dollar-may-climb-7-but-harris-win-could-bring-5-drop-says-jpmorgan">If Trump And Republicans Sweep, Dollar May Climb 7% — But Harris Win Could Bring 5% Drop, Says JPMorgan</a>
<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41770352/bitcoins-future-under-president-elect-donald-trump-a-look-at-his-crypto-policies">Bitcoin&#8217;s Future Under President-Elect Donald Trump: A Look At His Crypto Policies</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41807254/trump-election-raises-odds-of-roaring-2020s-scenario-veteran-wall-street-investor-s">Trump Election Raises Odds Of &#8216;Roaring 2020s Scenario,&#8217; Veteran Wall Street Investor Says: How High Could US Stock Market Rise?</a>
The Bears
&#8220;<a href="https://www.benzinga.com/news/24/11/41784487/rivian-lucid-stocks-sink-after-trump-win-whats-driving-bearish-move">Rivian, Lucid Stocks Sink After Trump Win: What&#8217;s Driving Bearish Move?</a>,&#8221; by <a href="https://www.benzinga.com/author/erica-kollmann">Erica Kollmann</a>, examines the post-election drop in Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) and Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) shares, attributed to investor concerns over Trump&#8217;s plans to eliminate EV incentives and modify EPA emissions standards.
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41744222/plug-powers-20-billion-revenue-ambition-faces-obstacles-analyst-says">Plug Power&#8217;s $20 Billion Revenue Ambition Faces Obstacles, Analyst Says</a>,&#8221; by <a href="https://www.benzinga.com/author/surbhi-jain">Surbhi Jain</a>, discusses Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>)&#8217;s ambitious goal of reaching $20 billion in revenue by 2030, as a JPMorgan analyst highlights significant challenges ahead, citing weak hydrogen market conditions, and the need to drive rapid sales growth.
&#8220;<a href="https://www.benzinga.com/government/24/11/41773691/us-listed-chinese-stocks-like-alibaba-jd-nio-fall-after-trumps-win-whats-going-on">US-Listed Chinese Stocks Like Alibaba, JD, Nio Fall After Trump&#8217;s Win &#8211; What&#8217;s Going On?</a>,&#8221; by <a href="https://www.benzinga.com/author/anusuya-lahiri-0">Anusuya Lahiri</a>, reports that Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), and NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) stocks fell after Trump&#8217;s election victory sparked fears of renewed U.S.-China trade tensions, with potential tariffs prompting China to consider economic stimulus measures.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/news/earnings/24/11/41773974/energy-drink-maker-celsius-misses-on-q3-earnings-as-supply-chain-optimization-weighs-on-margins-det">Energy Drink Maker Celsius Misses On Q3 Earnings As Supply Chain Optimization Weighs On Margins: Details</a>
<a href="https://www.benzinga.com/markets/equities/24/11/41785495/us-treasuries-take-sharpest-plunge-in-a-year-ahead-of-fed-meeting-could-powell-adjust-stance-in-">US Treasuries Take Sharpest Plunge In A Year Ahead Of Fed Meeting: Could Powell Adjust Stance In Response To Trump?</a>
<a href="https://www.benzinga.com/trading-ideas/movers/24/11/41850890/super-micro-delisting-risk-puts-1-7-billion-bond-repayment-on-the-line">Super Micro Delisting Risk Puts $1.7 Billion Bond Repayment On The Line</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.
Image created using artificial intelligence via Midjourney.

Benzinga Bulls And Bears: Nvidia, Rivian, Plug Power, Palantir — And Dogecoin's 'Beautiful Bounce'

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) shares are trading higher Friday after climbing new highs during the week. Here&#8217;s what <a href="https://www.benzinga.com/quote/PLTR/news">you need to know.</a>
The Details: On Monday, Palantir <a href="https://www.benzinga.com/news/earnings/24/11/41730179/palantir-q3-earnings-revenue-beat-eps-beat-customers-up-39-raises-guidance-results-driven-by-unrele">reported third-quarter revenue</a> of $725.52 million, surpassing the $701.13 million estimate and earnings per share of 6 cents, beating expectations of 4 cents. Total revenue rose 30% year-over-year, with U.S. commercial revenue up 54% and U.S. government revenue up 40%. CEO Alex Karp added that the company's growth is "driven by unrelenting AI demand that won't slow down."
Shares<a href="https://www.benzinga.com/news/earnings/24/11/41746288/palantir-stock-is-hitting-new-highs-whats-going-on"> continued to rise </a>after some analysts commented on Palantir's expanding U.S. customer base and AI product demand. Analysts at Wedbush, Mizuho and DA Davidson all raised their price targets, with Wedbush's Dan Ives citing Palantir's "robust" results and AI expansion. 
The stock hit another all-time high on <a href="https://www.benzinga.com/news/earnings/24/11/41782430/palantir-shares-are-hitting-new-highs-on-wednesday-whats-going-on">Wednesday </a>after Donald Trump's presidential win sparked market optimism on potential policy shifts, which could favor defense and AI sectors. Palantir, up 25% over the past week, was seen as a potential beneficiary of a Trump administration&#8217;s defense and intelligence priorities.
Palantir shares also <a href="https://www.benzinga.com/news/24/11/41808861/whats-going-on-with-palantir-stock-thursday">faced early pressure</a> after Jefferies downgraded the stock from Hold to Underperform, citing valuation concerns. However, the stock bounced back intraday Thursday after Palantir announced a partnership with Amazon Web Services (AWS) and Anthropic to bring advanced AI capabilities to U.S. defense and intelligence agencies. The partnership will integrate Anthropic&#8217;s Claude AI models into Palantir's AI Platform for secure government use.
PLTR Price Action: Palantir shares were up 4.60% at $58.44 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1727794380964569"><img loading="lazy" decoding="async" width="1024" height="542" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08133801/PLTR-1024x542.png" alt="" class="wp-image-638322" style="width:469px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08133801/PLTR-1024x542.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08133801/PLTR-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08133801/PLTR-768x406.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08133801/PLTR.png 1180w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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<li><a href="https://www.benzinga.com/24/11/41853996/sony-posts-upbeat-earnings-joins-tesla-upstart-doximity-fortrea-axon-enterprise-and-other-big-stocks-moving-higher-on-friday">Sony Posts Upbeat Earnings, Joins Tesla, Upstart, Doximity, Fortrea, Axon Enterprise And Other Big Stocks Moving Higher On Friday</a></li>
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Image Via Shutterstock.

What's Going On With Palantir Stock This Week?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MSFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$425.00</td>
<td>$28.5K</td>
<td>2.2K</td>
<td>10.6K</td>
</tr>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$140.00</td>
<td>$36.0K</td>
<td>79.0K</td>
<td>8.5K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$227.50</td>
<td>$83.3K</td>
<td>7.5K</td>
<td>8.1K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$270.00</td>
<td>$27.0K</td>
<td>3.4K</td>
<td>6.2K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$60.00</td>
<td>$27.7K</td>
<td>20.0K</td>
<td>4.8K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$200.00</td>
<td>$174.9K</td>
<td>5.9K</td>
<td>2.9K</td>
</tr>
<tr>
<td>ZETA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$30.00</td>
<td>$30.6K</td>
<td>8.3K</td>
<td>2.4K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$190.00</td>
<td>$89.6K</td>
<td>7.4K</td>
<td>2.1K</td>
</tr>
<tr>
<td>AAOI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$25.00</td>
<td>$39.6K</td>
<td>1.7K</td>
<td>1.2K</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$300.00</td>
<td>$57.3K</td>
<td>0</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 100 contract(s) at a $425.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $28.5K, with a price of $287.0 per contract. There were 2214 open contracts at this strike prior to today, and today 10651 contract(s) were bought and sold. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option trade with neutral sentiment. It expires in 7 day(s) on November 15, 2024. Parties traded 45 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $36.0K, with a price of $800.0 per contract. There were 79071 open contracts at this strike prior to today, and today 8511 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on November 15, 2024. This event was a transfer of 400 contract(s) at a $227.50 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $83.3K, with a price of $208.0 per contract. There were 7528 open contracts at this strike prior to today, and today 8199 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 100 contract(s) at a $270.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $271.0 per contract. There were 3447 open contracts at this strike prior to today, and today 6210 contract(s) were bought and sold. 
• Regarding PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we observe a call option sweep with bearish sentiment. It expires in 42 day(s) on December 20, 2024. Parties traded 100 contract(s) at a $60.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $27.7K, with a price of $277.0 per contract. There were 20014 open contracts at this strike prior to today, and today 4800 contract(s) were bought and sold. 
• For DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we notice a call option trade that happens to be bearish, expiring in 70 day(s) on January 17, 2025. This event was a transfer of 2916 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $174.9K, with a price of $60.0 per contract. There were 5934 open contracts at this strike prior to today, and today 2921 contract(s) were bought and sold. 
• For ZETA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on November 15, 2024. This event was a transfer of 46 contract(s) at a $30.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $30.6K, with a price of $665.0 per contract. There were 8312 open contracts at this strike prior to today, and today 2441 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be bearish, expiring in 42 day(s) on December 20, 2024. This event was a transfer of 118 contract(s) at a $190.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $89.6K, with a price of $760.0 per contract. There were 7455 open contracts at this strike prior to today, and today 2189 contract(s) were bought and sold. 
• For AAOI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>), we notice a call option trade that happens to be bullish, expiring in 42 day(s) on December 20, 2024. This event was a transfer of 100 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $39.6K, with a price of $396.0 per contract. There were 1728 open contracts at this strike prior to today, and today 1233 contract(s) were bought and sold. 
• Regarding APP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on November 15, 2024. Parties traded 310 contract(s) at a $300.00 strike. This particular call needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $57.3K, with a price of $185.0 per contract. There were 0 open contracts at this strike prior to today, and today 1007 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAOI

AVGO

ZETA

10 Information Technology Stocks Whale Activity In Today's Session

Whales with a lot of money to spend have taken a noticeably bullish stance on Palantir Technologies.
Looking at options history for Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 18% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $163,622 and 9, calls, for a total amount of $571,043.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $10.0 and $60.0 for Palantir Technologies, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Palantir Technologies's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Palantir Technologies's significant trades, within a strike price range of $10.0 to $60.0, over the past month.
<h3>Palantir Technologies Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731078055_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$16.6</td>
<td>$13.45</td>
<td>$14.77</td>
<td>$41.00</td>
<td>$147.7K</td>
<td>7.2K</td>
<td>101</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$1.14</td>
<td>$1.12</td>
<td>$1.12</td>
<td>$55.00</td>
<td>$112.1K</td>
<td>10.7K</td>
<td>1.2K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$3.15</td>
<td>$3.05</td>
<td>$3.1</td>
<td>$60.00</td>
<td>$60.1K</td>
<td>16.2K</td>
<td>113</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$10.9</td>
<td>$10.9</td>
<td>$10.9</td>
<td>$45.00</td>
<td>$58.4K</td>
<td>504</td>
<td>28</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$15.05</td>
<td>$14.55</td>
<td>$14.55</td>
<td>$42.00</td>
<td>$58.2K</td>
<td>7.7K</td>
<td>46</td>
</tr>
</tbody>
</table>

<h3>About Palantir Technologies</h3>
Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.
Having examined the options trading patterns of Palantir Technologies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Palantir Technologies</h3>
<ul>
<li>Trading volume stands at 42,321,749, with PLTR's price down by -2.72%, positioned at $54.02.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 87 days.</li>
</ul>
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Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Palantir Technologies with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

A Closer Look at Palantir Technologies's Options Market Dynamics

<ul>
<li>NVDA</li>
<li>TSLA</li>
<li>DJT</li>
<li>SMCI</li>
<li>DKNG</li>
<li>LOT</li>
<li>PLTR</li>
<li>AMD</li>
<li>LUNR</li>
<li>INTC</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

DKNG

Top 10 Trending Stocks On WallStreetBets As Of November 8, 2024 (Via Swaggy Stocks)

On Thursday, Cathie Wood-led Ark Invest made significant trades, with Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Reddit Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), and Amazon.com, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) taking center stage.
The Palantir Trade
Ark Invest&#8217;s move to sell Palantir shares comes amid a tumultuous day for the company. <a href="https://www.benzinga.com/news/24/11/41808861/whats-going-on-with-palantir-stock-thursday">Palantir&#8217;s shares</a> experienced a rollercoaster ride, initially dipping due to a downgrade from Jefferies, only to bounce back following an announced partnership with Amazon Web Services (AWS) and Anthropic.
Despite Jefferies analyst Brent Thill downgrading Palantir from a Hold rating to an Underperform rating due to valuation concerns, the company&#8217;s stock has seen a surge of over 220% since the start of the year. This includes a 30% increase in just the past week, largely driven by strong quarterly results fueled by &#8220;unrelenting&#8221; AI demand.
Ark offloaded 264,513 Palantir shares on Thursday through its ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) and Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) funds, with the transaction valued at $14.8 million based on a closing share price of $55.88.
The Tesla Trade
Ark sold 85,019 shares of Elon Musk-led Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). Wood has been on a Tesla share-selling spree of late. The latest transaction, which came through ARKK, was valued at $25.24 million.
Wood&#8217;s firm estimates that Tesla&#8217;s driverless ride-hailing service could <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41593922/cathie-woods-ark-invest-sees-tesla-unlocking-11-trillion-revenue-potential-with-rob">access an $11 trillion revenue</a> market by leveraging low operating costs to undercut existing ride-hailing prices. Tesla plans to debut this service next year in Texas and California, starting with drivers and aiming for fully autonomous rides as regulations allow.
The Reddit Trade
Ark Invest&#8217;s trade with Reddit comes at a time when the company is making significant strides in the social media space. Reddit&#8217;s market cap <a href="https://www.benzinga.com/general/social-media/24/11/41773982/reddit-overtakes-snap-in-market-value-after-election-day-rally">recently surpassed</a> that of Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>), reaching $21.5 billion after a 12% climb on Election Day. This is a notable achievement for the social media platform operator, which has a user base and revenue one-fourth the size of Snap&#8217;s.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41763537/bitcoin-hits-71k-ethereum-dogecoin-surge-as-results-trickle-in-for-trump-harris-presidenti?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Hits $71K, Ethereum, Dogecoin Surge As Results Trickle In For Trump-Harris Presidential Battle: Analyst Predicts &#8216;Kickstart Of The Bull Market&#8217;</a>
Reddit&#8217;s growing popularity as a source of authentic information is also posing a challenge to Google&#8217;s dominance in the internet search market. This trend was highlighted at a recent conference hosted by The Wall Street Journal, where a journalist revealed she primarily uses Google Search to access Reddit for information.
The Wood-led firm sold 62,389 Reddit shares from its ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) fund on Thursday, a transaction valued at $8.2 million. Reddit shares closed the day 8.6% higher at $131.44.
The Amazon.com Trade
Ark Invest&#8217;s decision to purchase Amazon shares comes at a time when insiders at the e-commerce giant have been <a href="https://www.benzinga.com/markets/equities/24/11/41763411/jeff-bezos-sells-214m-worth-of-amazon-shares-in-latest-stock-move-heres-how-much-he-still-owns">selling off their shares</a>. According to a recent Benzinga report, Jeff Bezos, Amazon&#8217;s executive chair, <a href="https://www.benzinga.com/markets/equities/24/11/41763411/jeff-bezos-sells-214m-worth-of-amazon-shares-in-latest-stock-move-heres-how-much-he-still-owns">recently sold</a> 1.07 million shares of Amazon stock at $200.07 per share, raking in approximately $213.8 million. This left Bezos with 926.41 million shares of Amazon.
Bezos was not the only Amazon insider selling shares. Recently, director Jonathan Rubinstein also offloaded $1 million worth of shares, while Douglas Herrington, CEO of Worldwide Amazon Stores, sold $696,360 worth of Amazon shares.
Ark acquired 150,675 Amazon shares through its ARKK fund, a transaction valued at $31.6 million. Amazon's stock closed Thursday at $210.16, up 1.5%. Other Key Trades:
<ul>
<li>Ark purchased shares of 10X Genomics Inc. (TXG) and sold shares of Moderna Inc (MRNA).</li>
<li>The firm picked up shares of Illumina Inc. (ILMN), ABSCI Corp (ABSI), and Guardant Health Inc. (GH) but sold shares of Unity Software Inc. (U), Sofi Technoliogies Inc. (SOFI), and Repare Therapeutics Inc. (RPTX).</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41798981/jim-cramer-calls-trumps-return-to-white-house-a-huge-win-for-the-stock-market?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Calls Trump&#8217;s Return To White House A &#8216;Huge Win For The Stock Market&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Cathie Wood's Tech Rotation: Amazon Mega-Buy While Tesla, Reddit And Palantir Get Axed

Argus Research analyst Joseph Bonner downgrades Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) from Buy to Hold.

Analyst Ratings

Argus Research Downgrades Palantir Technologies to Hold

Wendy&#8217;s Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>) is using artificial intelligence from data analytics firm Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) to manage its supply of <a href="https://www.benzinga.com/general/restaurants/24/10/41149776/wendys-is-ready-kids-and-adults-spongebob-squarepants-collaboration-includes-pineapple-frosty">burgers, fries and Frosty's.</a> 
The Details: Wendy's supply chain purchases are handled by an independent co-op group that first tested Palantir's technology last year amid tight profit margins and increasing pressure from inflation, according to a Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-11-07/wendy-s-wen-1-frosty-deal-made-easier-with-ai-from-palantir-pltr?sref=TBDibEcD">report.</a> The group is using Palantir's system to spot shortages and suggest solutions like placing an order from a supplier. 
Read Next: <a href="https://www.benzinga.com/news/24/11/41781921/what-does-trumps-victory-mean-for-ev-giant-tesla-and-the-big-3-automakers">What Does Trump&#8217;s Victory Mean For EV Giant Tesla And The Big 3 Automakers?</a>
Pete Suerken, who leads the purchasing co-op, said the system's AI learns over time and can suggest a specific warehouse, after considering factors such as cost and the probability of the items arriving on time. The software <a href="https://www.benzinga.com/markets/equities/24/08/40220301/whats-going-on-with-palantir-stock-today">can predict</a> when specific products will run out by analyzing current and historical sales figures.&nbsp;
Suerken praised Palantir's platform and said it was "so much better" than spreadsheets and other customary inventory management methods. He also said the return on investment is "significant." 
Wendy's recently asked the supply chain program to identify shortages restaurants could face over the following three weeks and then staff trained the model by showing how the shortages should be solved. Wendy's purchasing group plans to eventually allow the AI model to manage smaller inventory and ordering tasks autonomously and without human intervention. 
"Three or four years from now, if you're not doing this, you'll be at a distinct disadvantage," said Suerken. "This is something that, as an industry, will change the way we work."&nbsp;
WEN, PLTR Price Action: According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Wendy's shares are down 1.54% at $20.08 and Palantir shares are down 2.13% at $54.32 at the time of publication Thursday. 
Read Also:&nbsp;
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<li><a href="https://www.benzinga.com/news/24/10/41561955/dollar-general-aims-to-draw-customers-from-walmart-amazon-with-holiday-sales-events">Dollar General Aims To Draw Customers From Walmart, Amazon With Holiday Sales Events</a></li>
</ul>
Photo: Shutterstock

Wendy's Uses Palantir AI Tech To Manage Burger, French Fry Inventories; Return On Investment Is 'Significant'

Goldman Sachs analyst Gabriela Borges maintains Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) with a Neutral and raises the price target from $16 to $41.

Price Target

Goldman Sachs Maintains Neutral on Palantir Technologies, Raises Price Target to $41

Palantir Technologies shares are trading lower after Jefferies downgraded the stock from Hold to Underperform.

<ul>
<li>TSLA</li>
<li>DJT</li>
<li>NVDA</li>
<li>SMCI</li>
<li>PLTR</li>
<li>AMD</li>
<li>LOT</li>
<li>AAPL</li>
<li>RKLB</li>
<li>INTC</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

Top 10 Trending Stocks On WallStreetBets As Of November 7, 2024 (Via Swaggy Stocks)

Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) shares are getting pulled in different directions Thursday morning. The stock initially moved lower on a downgrade from Jefferies before bouncing back on a partnership with Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Web Services (AWS) and Anthropic. Here&#8217;s what <a href="https://www.benzinga.com/pressreleases/24/11/b41802202/anthropic-and-palantir-partner-to-bring-claude-ai-models-to-aws-for-u-s-government-intelligence-an">you need to know</a>.
What To Know: Jefferies analyst Brent Thill downgraded Palantir from a Hold rating to an <a href="https://www.benzinga.com/analyst-stock-ratings">Underperform rating</a> Thursday morning and maintained a price target of $28, citing <a href="https://www.benzinga.com/markets/equities/24/11/41800220/palantirs-stock-pulls-back-in-thursdays-pre-market-after-hitting-record-highs-whats-going-on">valuation concerns</a>. 
Palantir shares are up more than 220% since the start of the year and have gained about 30% in just the past week. Palantir on Monday reported <a href="https://www.benzinga.com/news/earnings/24/11/41730179/palantir-q3-earnings-revenue-beat-eps-beat-customers-up-39-raises-guidance-results-driven-by-unrele">strong quarterly results</a> driven by "unrelenting" AI demand, which helped push shares to new highs.
The company reported 30% year-over-year revenue growth and a 39% jump in customer count after closing 104 deals worth over $1 million during the quarter.
Despite the downgrade Thursday morning, Palantir shares are bouncing back from early weakness after the company announced a new deal with Anthropic and AWS. 
Check This Out: <a href="https://www.benzinga.com/markets/equities/24/11/41794926/trump-white-house-could-unlock-trillion-dollar-ai-potential-for-tesla-says-dan-ives">Trump White House Could Unlock Trillion-Dollar AI Potential For Tesla, Says Dan Ives</a>
Palantir and Amazon-backed AI startup Anthropic will work together to provide U.S. intelligence and defense agencies access to the Claude 3 and 3.5 family of models on AWS. The partnership allows for an integrated suite of technology to operationalize the use of Claude within Palantir&#8217;s AI Platform (AIP) to support government operations. 
&#8220;Our partnership with Anthropic and AWS provides U.S. defense and intelligence communities the tool chain they need to harness and deploy AI models securely, bringing the next generation of decision advantage to their most critical missions,&#8221; said Shyam Sankar, chief technology officer at Palantir. 
&#8220;Palantir is proud to be the first industry partner to bring Claude models to classified environments. We&#8217;ve already seen firsthand the impact of these models with AIP in the commercial sector &#8230; We are now providing this same asymmetric AI advantage to the U.S. government and its allies.&#8221;
PLTR Price Action: Palantir shares initially fell to around $54.30 on the downgrade before bouncing back on the Anthropic and AWS deal. The stock was still down 0.46% at $55.27 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: <a href="https://www.flickr.com/photos/doctorow/" target="_blank" rel="noreferrer noopener">Cory Doctorow</a> from Flickr.

What's Going On With Palantir Stock Thursday?

In the last three months, 9 analysts have published ratings on Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), offering a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $38.67, along with a high estimate of $50.00 and a low estimate of $28.00. Observing a 23.23% increase, the current average has risen from the previous average price target of $31.38. 
<img src="https://www.benzinga.com/files/images/story/2024/1730988082_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of Palantir Technologies among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brent Thill</td>
<td>Jefferies</td>
<td>Maintains</td>
<td>Underperform</td>
<td>$28.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>Gil Luria</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$47.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>Michael Latimore</td>
<td>Northland Capital Markets</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$38.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Matthew Broome</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Underperform</td>
<td>$37.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Matthew Broome</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Underperform</td>
<td>$30.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$45.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Mariana Perez</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$50.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$38.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Michael Latimore</td>
<td>Northland Capital Markets</td>
<td>Announces</td>
<td>Market Perform</td>
<td>$35.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Palantir Technologies. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Palantir Technologies compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Palantir Technologies's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Capture valuable insights into Palantir Technologies's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PLTR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Palantir Technologies analyst ratings.</a>
<h2>All You Need to Know About Palantir Technologies</h2>
Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.
<h3>Financial Milestones: Palantir Technologies's Journey</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Positive Revenue Trend: Examining Palantir Technologies's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 29.98% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Palantir Technologies's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 19.78%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Palantir Technologies's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 3.36%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 2.62%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.06, Palantir Technologies adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Basics of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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