$PLTR, more reasons to Buy now? Nice!
$Palantir Technologies Inc.(PLTR)$
In my earlier post, I have shared about Palantir’s pioneering foray into AI Deep Space.
Why that alone could be a cash cow for Palantir, if it proves itself to be the effective leader in this totally new frontier.
In light of a renewed interest in Palantir, more news articles are appearing, in an attempt to explain why Palantir will continue to surge in the near term. (see below)
Based on past 1-year data, PLTR has enjoyed heavy Big Money buying, that is believed to be institutional accumulation. (see above)
Each green bar signals unusually large volumes in PLTR shares, pushing the stock higher.
Plenty of industrial names are under accumulation right now, with the most recent big purchase is in March 2024. (see above)
Diving into the fundamentals, there’s a powerful tailwind going on with Palantir.
Palantir Fundamental Analysis
Institutional support coupled with a healthy fundamental backdrop makes this company worth investigating.
Based on data from FactSet, PLTR has had positive sales & EPS growth in recent years:
: 3-year Sales growth rate (+27.2%)
: 3-year EPS growth rate (+45.8%)
EPS is estimated to ramp higher in 2024 by +20.3%.
Does it make sense now, why Palantir has been powering to new heights of late?
New customers.
PLTR is gaining due to the forward earnings picture. (see below)
Besides technical analysis (TA) on past data - Palantir management is not resting on its laurels. (see above)
The company is actively seeking to grow its Commercial contracts as proof to critics that its growth does not rely on Federal contracts only.
Case in point, Palantir has newly added 3 more Fortune 500 companies to its list of clients:
$General Mills(GIS)$ - sector: Consumer defensive / Packaged foods.
CBS Broadcasting’s owner is $Paramount Global(PARA)$ - sector: Communication services / Entertainment.
$Aramark(ARMK)$ - sector: Industrials / Speciality Business Services.
One interesting note about PLTR’s new customers is, they could not have come from a more diverse sector / industry.
Proving again that PLTR’s AI product / solution is adaptive and all encompassing.
US market will exhibit “jittery” behaviour pre and post - consumer price index (CPI) February 2024 report release, will opportunity presents itself for investors to stake a claim on this grade A company?
Do you think Palantir stock price will continue to rise?
Do you think you will be interested enough to add PLTR to your holdings?
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