Palantir Technologies Inc PLTR will be reporting its fourth-quarter profits on Monday. Wall Street anticipates 11 cents in EPS and $775.91 million in earnings as the business reports after market hours.
The stock is up 393.36%% over the previous year, 9.71% YTD.
Let’s take a look at what the charts suggest for Palantir stock and how the stock presently maps versus Wall Street price quotes.
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PLTR Stock Highly Bullish Ahead Of Q4 Profits …
PLTR stock remains in a highly bullish pattern, trading above its five-day, 20-day and 50-day rapid moving averages.
Chart developed utilizing Benzinga Pro
At $81.20, the stock sits conveniently above crucial moving averages, enhancing upward momentum. Especially, PLTR is well above its eight-day SMA (easy moving average) of $79.79, 20-day SMA of $74.48 and 50-day SMA of $73.06, all bullish indications recommending ongoing strength.
The 200-day SMA at $42.02 additional highlights a long-lasting uptrend, with the stock having almost folded this duration.
Momentum indications likewise support the bullish case. The MACD (moving typical convergence/divergence) sign at 2.61 signals increasing upside momentum, frequently a precursor to additional gains. Nevertheless, the RSI (relative strength index) at 61.03 shows that while the stock isn’t yet overbought, it is approaching raised levels, recommending some care as PLTR stock nears resistance zones.
PLTR stock financiers ought to expect prospective debt consolidation or small pullbacks, however the general technical photo stays bullish.
… Yet Palantir Experts See 9% Disadvantage
Scores & & Agreement Quotes: The agreement expert ranking on Palantir stock stands at a Neutral presently with a rate target of $39.38. Current expert rankings from Wedbush, Cantor Fitzgerald and Morgan Stanley indicate an 8.77% drawback for PLTR stock, with a typical rate target of $74.
PLTR Stock Rate Action: Palantir stock closed the trading day Friday at $82.49, up 1.56%.
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Summary Ranking:
Speculative
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