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NASDAQInformation TechnologySoftware - InfrastructureSnapshot 2026-06-16
Intact
$133.25-1.08%
Close 2026-06-16 · 1-day change
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
The bottom line
Recent financial performance is strong, and management's recent track record has been steady. However, earnings quality is fragile, indicating that reported profits may not be well-supported by cash. Peer multiples imply a price about 535% below where it trades (it looks expensive on this basis); the read is expensive, growth-justified, as it is rich on today's multiple, but the three-year horizon reads cheaper once expected earnings growth is included. Key factors to watch include any potential guidance cuts from PLTR and the performance of sector bellwethers like MSFT and ORCL. This read is provisional.
as of 2026-06-16
Quick facts
- Exchange
- NASDAQ
- Sector
- Information Technology
- Industry
- Software - Infrastructure
- Market cap
- $306.83B
- Employees
- 4,429
- IPO date
- 2020-08-25
- Next earnings
- 2026-08-03
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 5 valuation methods, at three horizons. Current price $133.25. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryexpensive
$20.98consensus
Range $19.97 – $58.96
vs price: +535% above
Method agreement — · 5 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearfair
$131.59consensus
Range $91.74 – $270.83
vs price: +1% above
Method agreement — · 5 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearinexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Optionality premiumlow confidence
At $135, PLTR's earnings are too small for P/E to mean much; on sales it trades at 73× p/s (24.6× the 3× p/s peer median, and 1.4× even its own history). At a normal multiple the price implies ~537% near-term growth vs our ~55% forecast. That gap is an optionality premium a financial-multiple model can't price — our $21 fair value covers only the as-is business, low confidence. Analysts: $138–$200. Not investment advice.
Multiple (P/S)
72.9x
peer 3.0x · own history 51.4x
Premium
24.6x peer
1.4x its own history
Growth the price needs
537%
our forecast 55%
Our fair value
$21.13
range $20.09 – $58.72
Analyst range
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
expensiveexpensive — growth-justified12-month view
What's priced inUnjustified
The market is pricing in roughly 537% near-term growth, well above our forecast of about 55%. This describes what's priced in, not a forecast of the move.
High fragilityrisk posture, not a price call
Flags: expensive valuation, weak execution quality, a turbulent sector regime (Heating).
Historical context
For similar setups historically (n=889): about 49% saw a 20%+ drawdown, and roughly 85% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
strongOperating income rose in 3 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated strong grew net income 73% of the time over the next year (vs 58% for the rest of the cohort, n=2777).
95th pctl · Information Technology
Earnings quality
fragileOver the trailing year it converted 1.19x of net income into operating cash flow. Historically, Information Technology names rated fragile grew net income 46% of the time over the next year (vs 65% for the rest of the cohort, n=2129).
27th pctl · Information Technology
Macro sensitivity
Most sensitive to the broad stock market.
- the broad stock market: This stock moves with the broad market (high beta).
Not enough signal to read sensitivity to the US dollar, long-term interest rates, real (inflation-adjusted) rates, Fed net liquidity.
Management & capital allocation
Earnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Strongly bullish22 analysts, 61% Buyfor period ending 2026-06-30
Why this setup
Consensus revisions
EPS estimate $0.00 → $0.35. 21 raised, 0 cut, 22 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d, 3 maintained. 61% of analysts rate Buy.
Price target activity
2 PT revisions / 30d. Avg target 27.1% above current price.
Market and fundamentals agree. Analysts are positioned bullishly on a fundamentally strong name.
Sector context
Intermediate · WeeklySector phase: is in (~0.2 years in phase).
Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: strong
- Capital allocation
- strong
- Earnings discipline
- strong
- Margin discipline
- neutral
- Balance sheet
- weak
- Post-call reaction
- neutral
A guidance track record builds as the company issues and delivers on guidance.
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$175.
How much price usually moves either way.
On a bad day, this stock has moved -$622.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $3,822.
Deepest peak-to-trough drop in the last year.
elevatedas of 2026-06-16
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-06-16
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- UpsideHigh confidenceMonthsactive 11d
Watch for Q2 2026 revenue guidance to meet or exceed $1.801 billion
Why it matters: Meeting or exceeding this guidance would confirm strong demand and growth momentum.
What confirms / what disproves
Confirms:Q2 2026 revenue reported at $1.801 billion or higher.
Disproves:Q2 2026 revenue reported below $1.797 billion.
Earnings call
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
- 2026-06-1623h agoTheStreet
AI risk could hinder competitive positioning.
ChallengesUnconfirmed report
This sector is also watching
- Watch for revenue growth in IT sector dropping below median
- Watch for FOMC decisions impacting tech investment
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If the Fed starts cutting rates from the current 3.62%, that would be a tailwind for PLTR and other Tech names, since rate-sensitive parts of the market tend to rally when the Fed eases.
- If sector bellwethers like MSFT, ORCL, and PANW keep beating earnings and guiding higher, the Tech sector momentum should keep lifting PLTR and other Tech names. Worth watching these names for early signals.
Downside triggers
- If PLTR reverses and cuts guidance after recently raising (RAISED as of 2026-05-04), that's the worst kind of move: a credibility hit on top of the lower number. Stocks usually get punished disproportionately for this.
- If sector bellwethers like MSFT, ORCL, and PANW start missing or guiding lower, the Tech tailwind helping PLTR and other Tech names could fade. Watch these names for early warning.
- If GDP growth slows materially from the current 2.6% (say, below 2%), it hits PLTR and other Tech names harder than the average stock, since the sector is growth-sensitive.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-05-041mo agoItem 2.02
and in the accompanying Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.
Earnings preannouncementpositive
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
+7.2 vs last weeklatest as of 2026-06-17
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.