🎁What the Tigers Say | Palantir Joins Nasdaq! Will Entry Boost It to $75?

Palantir is making headlines with its decision to shift from the New York Stock Exchange to the Nasdaq, effective November 26. The company anticipates qualifying for the Nasdaq-100 index, a move that could bring new momentum to its already soaring stock.

With a 52-week low of $15.67, Palantir has surged 282.88% year-to-date to $67.88. Wedbush Securities recently raised its price target to $75.

Could this strategic relisting push Palantir beyond $70?

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Click titles to read the full analysis:

1. @HMH: Palantir - Is the Nasdaq Move the Final Push to $75?

Key Points:

Positioning for What’s Next

1. Core Long Position for Continued Upside

I remain bullish on Palantir as a long-term play in AI and data analytics. With the current rally, however, new entries require discipline:

• Buy Zone: Accumulate shares below $60 on any pullbacks.

• Target: Hold for a medium-term price of $75, provided fundamentals like revenue growth and profitability remain strong.

2. Tactical Options Play for Momentum

The stock’s sharp move creates opportunities for options traders:

• Strategy: Buy $70 calls expiring January 2025 to capture potential post-Nasdaq listing momentum.

• Risk Management: Limit position size due to the possibility of profit-taking after November 26.

3. Short-Term Hedge

Given the stock’s rapid rise, a contrarian hedge may be prudent:

• Strategy: Initiate a bear put spread ($60/$55) if the stock encounters resistance near $65-$70.

• Rationale: This positions for a short-term pullback, particularly if the Nasdaq news is fully priced in.

Revised Price Outlook

Based on Palantir’s performance and catalysts:

• Bull Case: $75-$80 (continued momentum post-Nasdaq listing and strong Q4 guidance).

• Base Case: $65-$70 (consolidation after listing-driven rally).

• Bear Case: $55-$60 (profit-taking if Nasdaq inclusion fails to spark additional demand).

Final Thoughts

At closing price of $64.35 on November 22, 2024, Palantir’s valuation reflects high expectations but also significant long-term potential. The upcoming Nasdaq listing could act as a short-term catalyst, while AI-driven growth provides structural tailwinds. For investors and traders, this is a moment to balance optimism with caution.

2. @Optionspuppy:

Key Points:

3 Reasons Palantir Might Struggle to Reach $75

1. Overvaluation Concerns

At its current valuation, Palantir already trades at a premium, largely based on expectations rather than fundamentals. The stock would need to sustain an aggressive growth trajectory to justify a move to $75, which could prove challenging in a tightening economic environment.

2. Potential Profit-Taking

The hype surrounding Nasdaq inclusion may already be priced into the stock. Once the move is complete, some investors might sell on the news, causing downward pressure. Historical patterns show stocks often experience a “sell-the-news” effect after significant announcements.

3. Broader Market Risks

Palantir’s journey to $75 is also tied to the broader market. Rising interest rates or a pullback in the tech sector could stall momentum. External macroeconomic factors, such as geopolitical tensions or slowing AI investment, might also weigh heavily on the stock’s trajectory.

Final Thoughts

Palantir’s Nasdaq move is a bold step that could bring substantial benefits, but the road to $75 is fraught with challenges. Whether the stock reaches this target will depend on how the company capitalizes on this strategic shift and how broader market conditions evolve. For now, the anticipation of this transition makes Palantir a stock to watch closely $Palantir Technologies Inc.(PLTR)$.

3. @KKLEE:

Key Points:

Palantir Technologies’ potential inclusion in the Nasdaq 100 has fueled speculation about its stock rising to $75. Joining this prestigious index could attract significant inflows from institutional funds that track the Nasdaq, increasing demand for Palantir shares. Historically, stocks added to major indexes experience a temporary boost, as seen with Tesla’s S&P 500 entry in 2020.

However, sustaining a $75 price target depends on Palantir’s fundamentals. The company has shown strong growth in AI-driven solutions, but concerns linger over its reliance on government contracts and the volatility of tech stocks in high-interest rate environments. Palantir’s recent profitability milestone could support optimism, yet its high valuation remains a point of debate.

While Nasdaq inclusion might create short-term momentum, long-term performance will hinge on Palantir’s ability to expand its commercial client base and capitalize on the AI boom. Investors should monitor earnings and market conditions closely before banking on a rally to $75.

4. @Emotional Investor:

Key Points:

Yes it's definitely going to hit over $70 after joining Nasdaq, but there are also a number of serious tailwinds on the horizon that could easily push it over the $100 mark, eg huge US army and navy contracts. 

I'm really kicking myself for not getting in at the $26 mark, but then again I was struggling to understand the company, and I never invest in something I don't understand.

Very late to the party buying in at $60, but it's not a FOMO story for me, I now understand the huge upside going forward.

5. @Spiders:

Key Points:

Palantir Technologies recently announced its intention to delist from the New York Stock Exchange (NYSE) and relist on the Nasdaq Stock Market. This strategic move may have broader implications for investors, potentially influencing trading activity and investor sentiment. Some market participants might interpret the transition as a signal to buy or adjust their holdings due to perceived differences in market positioning or company alignment with Nasdaq’s tech-focused environment.

However, for me personally, this change has little significance beyond a logistical shift. The switch from NYSE to Nasdaq does not inherently alter Palantir's financial performance, business operations, or growth potential. As such, it remains a neutral event in my view—merely a change in the venue where its stock is traded, without any fundamental impact on the company’s value or long-term prospects.

6. @Jlim101:

Key Points:

Palantir Technologies' move from the NYSE to Nasdaq on November 26, 2024, is expected to enhance the stock’s visibility and liquidity. Historically, stocks joining Nasdaq and potentially the Nasdaq-100 index have seen average gains of 11% to 17%.

7. @Sayeem:

Key Points:

I think palantir will reach $70 tonight. Given the trend and new price targe of $75 by analyst

Questions for you:

Will Palantir hit $70 after joining Nasdaq?

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⏰Duration

• 4 Dec (24pm EDT)