$PLTR Palantir Technologies Inc Deep Dive and 2024 Outlook
Is the return to over 20% growth the recipe for the stock to move up?
Palantir is a software company specializing in big data analytics platforms. Their flagship product, Palantir Foundry, integrates various data sources and provides a platform for data analysis, visualization, and collaboration. Other notable products include Gotham used by US intelligence agencies and Apollo for commercial applications.
Palantir caters to government agencies like the US Department of Defense and the UK National Health Service, assisting in areas like counter-terrorism and pandemic response. They increasingly focus on the commercial sector.
The global big data analytics market is expected to reach $349.4 billion by 2027. Palantir faces competition from multiple player in the space including AI 0.00%↑ SNOW 0.00%↑ and ORCL 0.00%↑.
Founded in 2003 by Peter Thiel (co-founder of PayPal) and Alex Karp, Palantir is headquartered in Denver, Colorado.
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