PLTR - Better Buy: Palantir Technologies vs. Alteryx
2023-08-14 10:30:00 ET
Palantir (NYSE: PLTR) and Alteryx (NYSE: AYX) both crunch massive amounts of information to help organizations make better data-driven decisions. Palantir's Gotham platform serves the U.S. military and other government agencies, while its Foundry platform provides commercial versions of those tools. Alteryx collects data from a company's various computing platforms, then cleans up and organizes that information so it can be easily fed to third-party data visualization services.
Palantir went public via a direct listing in September 2020, and its stock hit an all-time high of $39 on Jan. 27, 2021. Alteryx went public through a traditional IPO in March 2017, and its stock closed at its all-time high of $181.98 on July 9, 2020. However, Palantir and Alteryx now trade about 60% and 84%, respectively, below those record highs.
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Better Buy: Palantir Technologies vs. Alteryx