Cathie Wood Bought the PLTR Stock Dip. Should You?

InvestorPlace2023-12-15

Palantir Technologies (PLTR) stock backed off of its peak price, but that doesn’t mean it’s a bargain.Investors shouldn’t be too eager to buy PLTR stock now.Source: Iljanaresvara Studio / Shutterstock...

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MeteoriteStar
2023-12-15
MeteoriteStar
Great ariticle, would you like to share it?
B.N.F
2023-12-15
B.N.F
Slow. Still harping on the US army fake news while they had alreadysigned a new contract with them today 🤦🏻‍♂️ this is embarrassing of this website

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Should You?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-15 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/12/cathie-wood-bought-the-pltr-stock-dip-should-you/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palantir Technologies (PLTR) stock backed off of its peak price, but that doesn’t mean it’s a bargain.Investors shouldn’t be too eager to buy PLTR stock now.Source: Iljanaresvara Studio / Shutterstock...</p>\n\n<a href=\"https://investorplace.com/2023/12/cathie-wood-bought-the-pltr-stock-dip-should-you/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ARKK","symbol_name":"ARK Innovation ETF","start_time":0,"source_url":"https://investorplace.com/2023/12/cathie-wood-bought-the-pltr-stock-dip-should-you/","article_id":"2391066230","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2391066230","pubTimestamp":1702646605,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"PLTR stock looks overpriced even after a dip, and there may be problems with Palantir Technologies' high-dollar military contract.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ARKK":"ARK Innovation ETF","BK4543":"AI","BK4585":"ETF&股票定投概念","BK4547":"WSB热门概念","PLTR":"Palantir Technologies Inc.","BK4588":"碎股","BK4023":"应用软件"},"translate_title":"凯西·伍德买了PLTR的股票。你应该吗？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARKK":1,"PLTR":1},"content_text":"Palantir Technologies (PLTR) stock backed off of its peak price, but that doesn’t mean it’s a bargain.Investors shouldn’t be too eager to buy PLTR stock now.Source: Iljanaresvara Studio / Shutterstock.comIf you’re seeking exposure to the cybersecurity and artificial intelligence market, you may be tempted to load up on Palantir Technologies (NYSE:PLTR) stock. After all, a famous tech-market investor recently bought millions of shares of Palantir. Don’t hit the “buy” button, though, until you’ve considered a potential issue with one of Palantir’s government contracts.Also, remember that just because Palantir stock declined somewhat, this doesn’t automatically mean it’s a bargain. After conducting your due diligence on Palantir Technologies, you’ll surely think twice before committing your hard-earned capital to a risky investment.Who Bought 1.5 Million Shares of PLTR Stock?Ark Invest CEO Cathie Wood is known for taking chances on innovative technology companies. Was it unwise for her to make a monster-sized investment in Palantir Technologies, though?Reportedly, Wood (or more precisely, several Ark Invest funds) purchased over 1.5 million shares of PLTR stock in total while it was down from its peak price. So, if you’re a fan of Wood and Ark Invest, you might choose to pick up a few Palantir Technologies shares for your portfolio.However, don’t just follow Wood’s buy-the-dip strategy without doing your own research. A dip isn’t the same thing as a good deal, after all. Remember, Palantir Technologies’ GAAP-measured trailing 12-month price-to-earnings (P/E) ratio of around 60x is much higher than the sector median P/E ratio of 26.08x.Don’t get the wrong idea. I concur with Wedbush Securities analyst Dan Ives’ statement from earlier this year, that Palantir Technologies is “poised to be a major player in this AI Revolution over the next decade.” That’s a fair assumption to make, but it doesn’t mean that sensible investors should overpay for Palantir stock.Palantir Stock: Be Cautious and Wait PatientlyProspective investors should stay tuned for future developments concerning Palantir Technologies’ business relations with the U.S. military. Until then, it’s wise to steer clear of Palantir stock.Moreover, just because Wood’s funds bought PLTR stock on the dip, this doesn’t mean it’s actually cheap. Sure, Palantir Technologies is part of the AI revolution and that’s exciting. Still, prudent investors should only invest in Palantir when the risk-to-reward balance is favorable.Therefore, be patient and let Palantir stock drop 10% or even 20%. Then, you can re-evaluate the company and the stock. 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Still &nbsp;harping on the US army fake news while they had alreadysigned a new contract with them &nbsp;today 🤦🏻‍♂️ this is embarrassing of this website","listText":"Slow. Still &nbsp;harping on the US army fake news while they had alreadysigned a new contract with them &nbsp;today 🤦🏻‍♂️ this is embarrassing of this website","text":"Slow. 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