Palantir: Considering Taking Profits (Rating Downgrade) [Seeking Alpha]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Seeking Alpha
Follow Summary Palantir Technologies has seen a remarkable 73.73% gain, outperforming the S&P 500, driven by strong earnings and revenue beats, and upwardly revised guidance. U.S. government and commercial sector revenues exceeded expectations, with notable growth in U.S. business revenues, contributing to Palantir's impressive performance. Despite elevated valuation concerns, the market remains unconcerned, but co-founder Peter Thiel's significant stock sales may trigger profit-taking activities. I am downgrading my outlook to a "hold" due to potential downside risks if PLTR fails to meet high expectations and recent stock sales by insiders. hapabapa When I last covered Palantir Technologies ( NYSE: PLTR ) on May 8th, 2024 with “ Palantir: Buy The Drop ”, the stock had experienced declines of -21.53% over the prior two-month period. Since then, the stock has seen incredible rallies and is currently showing gains This article was written by Income Generator 9.45K
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PLTR
News
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PLTR
Earnings
- 8/5/24 - Beat
PLTR
Sec Filings
- 10/4/24 - Form 144
- 10/4/24 - Form SC
- 10/3/24 - Form 4
- PLTR's page on the SEC website