PLTR - Palantir's Path To $100
2024-04-09 11:52:52 ET
Summary
- Palantir's Q4 earnings report showed 70% growth in its U.S. commercial business, and the company raised its 2024 forecast.
- The Palantir-Oracle partnership is expected to drive international commercial and government growth.
- Palantir's Q1 earnings could exceed expectations, and the stock looks poised for further gains despite potential turbulence in the near term.
- I am keeping my year-end/early 2025 price target in the $35-$45 range, and Palantir's stock could reach $100 by 2030.
The last time I wrote about Palantir ( PLTR ), this high-quality, unicorn tech company's stock was in the $16-$17 range. This was right before Q4 earnings, and I was confident that Palantir would beat consensus estimates and guide higher. Please allow me to remind you what occurred....
Palantir's Path To $100