Jun 18, 2021
[1 min Read]
Q1 2021 Financial highlights:
Palantir Technologies Inc (NYSE:PLTR) is a big data solutions company based in Denver, Colorado that aims to streamline how we use data. Palantir currently has three products Gotham, Apollo and Foundry, each with a different intended user from anti-terrorist analysts to hedge funds to companies such as Airbus or Fiat Chrysler. Palantir software is currently being used in M&A, COVID-19 response, anti-money laundering, defense, intelligence and supply chain. The company was founded by Stephen Cohen, Nathan Dale Gettings, Joseph Lonsdale, Alexander C. Karp, and Peter Andreas Thiel in 2003.
Although the majority of analysts are currently proposing investors either hold or sell, big data will be a large part in the development of tech in the years to come hense the opportunity for growth.
Below are figures highlighting the financial position of Palantir and current analyst coverage.