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@mster:$Palantir Technologies Inc.(PLTR)$ There are a lot of negativities around Palantir, such as concerns about insider selling by management and skepticism about their AI initiatives, with some critics arguing that their AI efforts are merely riding the trend's wave without substantial merit. Despite these concerns, Palantir recently reported stellar earnings, achieving a "triple beat" by exceeding expectations on both the top and bottom lines and raising their guidance. Following this impressive performance, the stock surged over 12% at the time this article was written. The most recent earnings report highlighted some significant statistics that have caught the attention of investors and analysts alike. Palantir reported a revenue of $678 million for the quarter, up 27% year-over-year, beating the consensus estimate of $654.2 million. The company also posted an adjusted earnings per share (EPS) of $0.09, surpassing the expected $0.08. Additionally, Palantir raised its full-year revenue guidance to a range of $2.74 billion to $2.75 billion, reflecting increased confidence in its growth trajectory. Some analysts believe that the stock is now well-priced, with limited upside potential. From a technical perspective, the stock price appears poised to head up to $30, where it is likely to encounter strong resistance. However, if the stock can surpass $30 and sustain that level, it would signal a very bullish outlook for Palantir. My take is that Palantir is a risky play—it could either plummet to zero or skyrocket, depending on how the company performs and broader market trends. If one can afford the risk, there is no harm in holding a small position. Who knows? The stock might be worth $100 a share in a couple of years, or even within a few months, with some luck. I have couple of Cash Secured Put option contracts on Palantir That went into the money When the stock plummeted during yesterday's market meltdown, however they will likely be worthless By the time market closes on Friday. Will continue to sell CSPut at around $21-$23 as that's my ideal price entry for Palantir @TigerEvents @CaptainTiger @TigerStars @MillionaireTiger @Daily_Discussion Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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