Palantir: Rally Isn't Over Yet (Rating Upgrade) [Seeking Alpha]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Seeking Alpha
Income Generator 9.99K Follower s Follow Play 9min Summary Palantir's stock has surged 65.88% since October 2024, driven by strong earnings and revenue growth, surpassing market expectations. Despite a high forward P/E ratio of 156.35x, Palantir's price-book ratio of 29.98x is comparable to industry peers, indicating reasonable valuation. Key support levels are at $40.90, with potential upward targets near $72, supported by strong bullish momentum and standard deviation price channels. I upgrade Palantir to a "buy" rating, contingent on maintaining momentum and avoiding significant retracements below $56.40 and $51.18. hapabapa When I last covered Palantir Technologies Inc. ( NYSE: PLTR ) on October 4th, 2024, with my article " Palantir: Considering Taking Profits ", I discussed the common arguments that the stock has reached a point of overvaluation and raised questions This article was written by Income Generator 9.99K Follower s Follow The Income Ma
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News
- With 49% institutional ownership, Palantir Technologies Inc. (NYSE:PLTR) is a favorite amongst the big guns [Yahoo! Finance]Yahoo! Finance
- A Once-in-a-Decade Investment Opportunity: 1 Little-Known Vanguard Index Fund to Buy for the Artificial Intelligence (AI) Boom [Yahoo! Finance]Yahoo! Finance
- Palantir Stock At $63: The Good, Bad & Ugly [Forbes]Forbes
- Palantir Tech's $140 Billion Market Cap Gain Is Driven By Trump's Victory And Higher Defense Spending Hope - Is The Stock Overvalued? [Yahoo! Finance]Yahoo! Finance
- Target reports Q3 miss, Comcast spin-off: Market Domination [Yahoo! Finance Canada]Yahoo! Finance Canada
PLTR
Earnings
- 11/4/24 - Beat
PLTR
Sec Filings
- 11/21/24 - Form 144
- 11/20/24 - Form 4
- 11/20/24 - Form 144
- PLTR's page on the SEC website