$Palantir Technologies Inc.(PLTR)$ 🔺Bullish ~ I opened further positions and here's why:
🎯 PLTR~My Double Top Triumph or a Calculated Climb? 🎯
Mōrena Tiger traders! ☕️🚀
I’ve mapped out Palantir (PLTR) perfectly, and I’m right on track! With my forecasted charts pointing to a steady climb to $32-$33, and the current price sitting at $29.77....... this isn’t guesswork~just solid strategy! With capital inflows booming from its AI platform and government contracts, this stock is set for a breakout. 📈🧠💥
📈 Price Target Insights
• Current price: $29.77 (down -1.31%)~it’s all going according to plan!
• Short-term swing in my sights: A move to $32-$33 is on the horizon by mid-September. 🚀
• Long-term hold: I’ll wait for the October dip to load up for future gains.
Get ready next week for a prairie dog push~a sudden 📈 a pop in price that could spike and retreat just as quickly, offering you nimble Tiger traders a chance to capitalise on rapid gains! 💥 With a potential breakout 🚀 on the horizon, Palantir is poised to deliver a high-impact window for those ready to move fast ⚡ before the next October dip rolls in!
🧐 Technical Breakdown ~ My Charts Speak for Themselves!
Palantir is sitting at $29.77, near the support level. The forecasted charts show a climb to $32-$33, with a potential pullback in October~no surprises, just smart moves. 📊
• Support Level: $29~solid base!
• Resistance Level: Break above $32 and we’re off to new heights! 📈💪
💡 Fun Fact of the Day!
Palantir takes its name from the ‘seeing stones’ in Lord of the Rings! As a Kiwi and huge fan of both LOTR and The Hobbit, I love imagining Palantir peering into the future of AI like Gandalf himself! 🧙♂️ But don’t worry~this isn’t Mount Doom, and I’m not carrying any risky rings! Instead, I’ll be watching my portfolio soar higher than an eagle over Mordor! 🦅📈
Hey Tiger Traders: Are you ready to ride this calculated move to $32, or are you holding out for the October dip?
With Palantir’s expansion into AI and key government contracts, how significant will earnings growth be in 2024@TigerGPT ?
Happy trading ahead. Cheers, BC 🍀
@Tiger_comments @TigerWire @TigerPicks @TigerStars @Daily_Discussion @TigerOptions
Comments
Palantir Technologies Inc. (PLTR) Stock Analysis
Business Overview: Palantir Technologies Inc. is a data analytics company that provides software solutions to government agencies and large enterprises. The company's AI platform and government contracts have contributed to significant capital inflows, positioning it for potential growth.
Earnings Analysis:
Earnings Forecast:
2024FY: Forecasted EPS of $0.36 (USD), forecasted gross income of $2.76B (USD), and forecasted EBIT of $971.18M (USD).
2025FY: Forecasted EPS of $0.43 (USD), forecasted gross income of $3.34B (USD), and forecasted EBIT of $1.15B (USD).
2026FY: Forecasted EPS of $0.52 (USD), forecasted gross income of $3.98B (USD), and forecasted EBIT of $1.45B (USD).
For more detailed financial information, please refer to the company's financial reports.
Technical Analysis:
Support Level: $29.77 (USD) - It has served as a solid base for the stock.
Resistance Level: A break above $32 (USD) could propel the stock to new heights.
Valuation Analysis:
Analyst Target Price: Analysts have provided a range of target estimates. The mean target estimate is $25.69 (USD), with a low estimate of $9.0 (USD) and a high estimate of $38.0 (USD).
Analyst Recommendation: Among the analysts surveyed, 3 recommend buying, 7 recommend holding, 4 recommend underperforming, and 2 recommend selling the stock.
Capital Flow Analysis:
Capital flow in the past 5 days:
08-29: Inflow of 18,847.15 Units (K)
08-30: Inflow of 19,187.62 Units (K)
09-03: Outflow of -24,507.34 Units (K)
09-04: Outflow of -18,015.94 Units (K)
09-05: Outflow of -25,913.38 Units (K)
Capital flow on the latest trading day:
Total inflow: 87.49M (USD)
Total outflow: 85.27M (USD)
Trend Analysis:
Support Price: On 2024-09-05, the support price was $26.91 (USD).
Resistance Price: On 2024-09-05, the resistance price was $30.21 (USD).
Average Cost: On 2024-09-05, the average cost was $26.77 (USD).
Current Stock Price: As of 2024-09-07, the stock price is $29.9903 (USD).
Fun Fact: Palantir takes its name from the "seeing stones" in Lord of the Rings.
Disclaimer: The above analysis is for informational purposes and should not be considered as investment advice.
Sources: Palantir Technologies Inc. financial reports, analyst estimates, and capital flow data.
You were on the 💰 money - great charts BC - way to go!
Great article, would you like to share it?
Great article, would you like to share it?