Palantir Hits Spotlight as BofA Lifts Price Target to Street High

GuruFocus05-13

Palantir Technologies (PLTR, Financial) gained attention Monday after Bank of America boosted its price target to $150, marking the highest estimate among major Wall Street firms.The firm kept its Buy...

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Comments

  • Guavaxf30
    05-13
    Guavaxf30
    Palantir is one of my safest pick. Where last night's rally was across most tech sectors, the truth is the risk factors are not over. What happened was basically Donald Trump backing down as China did not really give the US anything of worth. Which means, the ban on chips and counter ban on rare earth still stands. But Palantir is unique in that it is realtively unaffected by the ongoing trade wars.  For one, almost all their customers are domestic American. For another, the government business moat is really strong against volatile movements.  And then there is the declaration that the Trump government will be spending more than a trillion $ to shore up security. And Palantir stabds to get quite a lot if this business. DYOD.
    • poppii: 
      Great analysis! Palantir's position is solid! [Victory]
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