Palantir is totally misunderstood on Wall Street, and shares will soar, BofA says [Yahoo! Finance Canada]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Yahoo! Finance Canada
In a note on Tuesday, analysts pointed out that a 1980 estimate of cell phone users by 2000 was just 900,000. The actual number of mobile subscriptions that year was more than 100 million. Meanwhile, such early forecasts also failed to see the advent of mobile apps and smart devices. "We view Palantir's (PLTR) capabilities, technology and path forward facing a similar fundamental misunderstanding," wrote BofA analysts led by Mariana Perez Mora. "The upcoming S&P 500 inclusion provides a watershed moment for institutional investors to revisit what they 'know' about PLTR." BofA reiterated its buy rating on Palantir stock and raised its price target to $50 from $30. The new target represents 40.5% upside from the stock's closing price on Friday. And that comes after shares had already jumped on news last week that the company would join the S&P 500 later this month and have more than doubled in the year to date. A key misunderstanding on Wall Street is Palantir's unconventional sa
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- Here are Tuesday's biggest analyst calls: Nvidia, Palantir, Amazon, Shopify, Walmart, Microsoft, Palantir, Tesla & more [CNBC]CNBC
PLTR
Earnings
- 8/5/24 - Beat
PLTR
Sec Filings
- 9/18/24 - Form 4
- 9/17/24 - Form 4
- 9/17/24 - Form 144
- PLTR's page on the SEC website