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PLTR - Palantir: Valuation Is Not Justified
June, 11 2024 06:22 AM
Palantir Technologies Inc. Class A
2024-06-11 06:22:43 ET
Summary My previous rating downgrade for Palantir's stock aged well, as the stock declined by almost 10% over the last three months. However, I remain bullish about Palantir's long-term prospects due to the company's strong performance and promising new partnerships. I am not adding to my current position because I don't consider a 17% premium over my fair value estimates to be justified.
Investment thesis For further details see:
Palantir: Valuation Is Not Justified
Stock Information
Company Name:
Palantir Technologies Inc. Class A
Stock Symbol:
PLTR
Market:
NYSE
Website:
palantir.com
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