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Summary: Palantir Technologies, a prominent data analytics company, provides software solutions for government and commercial sectors. In this guide, we’ll teach you how to buy Palantir stock on online investment platforms such as eToro.
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About Palantir Technologies
Palantir Technologies (NYSE: PLTR) is a leading data analytics firm headquartered in Denver, Colorado. The company specializes in big data analytics, offering solutions to governments, financial institutions, and various industries to help them make data-driven decisions.
Palantir went public in 2020 and trades under the ticker symbol PLTR on the New York Stock Exchange (NYSE).
How to buy Palantir stock: Step-by-step
To invest in Palantir, follow these steps:
- Find a broker: Choose a brokerage platform that lists PLTR shares.
- Register and fund your account.
- Place a trade: Locate the stock on the broker’s platform and execute a trade.
- Monitor your investment.
Step 1: Find a broker
To start investing, take some time to find a trustworthy, regulated brokerage that lists PLTR stock.
Our recommended brokerage for tech stocks is eToro, a leading stock trading platform with millions of users and trading features such as:
- Commission-free stock and ETF trading;
- Over 2,000 stocks from 17 different exchanges;
- Fractional shares;
- Charting tools;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
Step 2: Fund your account
Next, register and fund your account. To register, follow the guidelines provided by the broker. Funding your account usually involves transferring funds from your bank account to your brokerage account. Common funding methods include:
- Bank transfers;
- Wire transfers;
- Electronic funds transfers (EFTs);
- Third-party payment processors such as PayPal.
Step 3: Place a trade
Once your account is funded, place your order by following these steps:
- Log in on your broker’s website;
- Find the PLTR stock;
- Specify the number of shares you wish to buy (or the dollar amount you wish to invest);
- Select order type (i.e., market, limit, stop-loss, etc.);
- Review all the details;
- Execute the trade.
Step 4: Monitor your investment
After buying stocks, it’s crucial to monitor your investments to ensure they perform as expected.
Utilize the charting tools and market analysis features provided by your brokerage platform to track price fluctuations. Additionally, consider diversifying your investment portfolio by exploring new stock opportunities.
You can also experiment with copy-trading, allowing you to replicate the successful strategies of experienced investors on your platform.
Stay flexible and adjust your trading strategy if you encounter better investment opportunities, which might involve selling your PLTR shares based on chart indicators and market analysis.
Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.
Palantir stock price today
Pros and cons of investing in Palantir
Pros
- Industry leader: Palantir is at the forefront of data analytics;
- Strong government contracts: Palantir provides artificial intelligence (AI) solutions to large businesses and the US government. These contracts provide a stable revenue stream;
- Cutting-edge technology: Investing in Palantir means supporting a company in charge of some of the most innovative AI platforms. As the demand for AI solutions keeps growing, Palantir will be well poised to capitalize on it.
Cons
- Volatility: Tech stocks, including Palantir, can experience significant price fluctuations;
- Profitability concerns: Despite its growth, Palantir has been lagging behind its all-time high for three years now;
- Competition: The tech industry is competitive, with numerous large companies vying for market share.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Palantir stock
What is Palantir’s stock ticker?
The Palantir stock ticker is PLTR. It is traded on the New York Stock Exchange (NYSE).
Where to buy Palantir stock?
You can buy Palantir stock on online investment platforms such as eToro.
How to buy Palantir stock?
To buy Palantir stock, open an account on an online stock trading platform such as eToro.
Does Palantir pay dividends?
No, Palantir does not pay dividends.
Is Palantir a good investment?
Investing in Palantir can be a good opportunity due to its innovative tech products and robust government contracts. However, as with any stock investment, it’s essential to consider the volatility and competition in the sector.
Are there fractional Palantir shares?
Yes, you can invest in fractional Palantir shares.
Can you buy Palantir stock directly from the company?
No, you can’t buy Palantir stock directly from Palantir the company.
What is Palantir stock price forecast 2025?
Recently, analysts updated their Palantir stock price forecast for 2025. The most optimistic analysts see the stock reaching $35 by 2025, while the most pessimistic predict it could drop to $9. Overall, Palantir’s stock is rated as a ‘hold’ with mixed sentiments from various analysts. Some are bullish due to the company’s AI capabilities and government contracts, while others remain cautious.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
