PLTR - Palantir: The Market Is Wrong Again
2024-05-21 09:30:00 ET
Summary
- After predicting a correction, Palantir Technologies offers an attractive investment opportunity, with its stock stabilizing below its peak of $27.50.
- Our technical analysis targets prices of $29 and $35 by 2024, driven by sustained upward trends and Fibonacci projections.
- Palantir projects its full-year revenue to reach between $2.677 and $2.689 billion, reflecting a substantial 21% growth compared to the previous year.
- Palantir's customer base from Q3 2021 to Q1 2024 shows robust commercial growth with a CAGR of 68.1%, increasing from 115 to 427 customers, contrasting with a more stable 13.8% CAGR in the government sector.
Investment Thesis
In our previous analysis from March 13, we anticipated the unavoidable correction in Palantir Technologies Inc. ( PLTR ) stock following its significant gains, which we identified as an opportune moment for investors to enter or expand their positions. ...
Palantir: The Market Is Wrong Again