πŸ‡ΊπŸ‡Έ 2️⃣ March 2️⃣0️⃣2️⃣3️⃣ Palantir ⬇️ short-term price adjustment?

Aqa
2023-03-02

[USD]  $Palantir Technologies Inc.(PLTR)$ isnow USD$7.74. It was USD$7.69 at yesterday's market closing time. At today's Pre market trading, It is USD$7.58, with a loss of USD$0.11 (or - 1.43%}. 

⬇️ Why is $Palantir Technologies Inc.(PLTR)$ 

πŸ‡ΊπŸ‡Έ The Macro Market Factors pressure on PLTR's share price:

1. The S&P 500 fell yesterday, the first day of March, as traders struggled to recover following a losing month.

The broad market index S&P 500 fell 0.47% to 3,951.39, while the tech-heavy Nasdaq Composite lost 0.66% to close at 11,379.48. The blue-chip Dow Jones Industrial Average ended the day just above the flatline.

2. Bond yields extended their February gains, with the benchmark 10-year yield topping 4% for the first time since November. The 1-yesr Treasury yield rise above 5%.

3. The Federsl Reserve: Longer period / higher interest rate 

The Fed officials are now divided over whether recent high inflation data and a continually hit jobs market will require even more restrictive interest rates, or just patience in maintaining tight monetary policy for a longer period of time. Recent government report showed the Fed's preferred inflation index accelerated to a 5.4% annual rate, more than double the Fed's 2% target and faster than the month before. 

⬇️ PLTR was testing its Resistance:

PLTR was testing its immediate resistance of USD$7.61 and USD$7.44. But all these should be just short-term adjustments.

⬆️ PLTR in Upward trend:

PLTR has brokered its downward trend at the beginning of this year. The company has turned in its first profit and that's the norm for the business moving forward:

1. Palantir's customer count rose 55% last year. Palantir added 30 net new customers in Q4 2022, with total customers up 9% quarter over quarter and 55% year on year.

2. Palantir's net dollar retention rate is high at 115%. Palantir's customers spend 115% over the prior-year period which leads to its strong 24% growthin revenue last year. The strong retention rate means Palantir can grow revenue with its existing customer base with out the stress of having to acquire new customers in order to grow its revenue. 

3. Palantir's adjusted gross margins remain above 80%. Ajusted Gross Margin is the amount of money a company has left after subtracting all direct costs of producing or purchasing the goods or services it sells. Palantir's adjusted gross margin has been consistently over 80% in each of the past four quarters, contributing to its profitability. 

4. Palantir is projecting revenue of between USD$2.18 billion and USD$2.23 billion and remaining profitable. 

πŸ€ Opportunity to buy the dip:

The drop in Palantir's share price may just be due to pressure from concerns over the future of the macro economy and it is short-term price adjustment.

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The above is for information. 

Do DYODD before making any trade. 

Good Luck. 

I would like to invite you to share your additional tips in the comment box below. 

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@MillionaireTiger @Tiger_Earnings @Tiger_Academy 





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Comments

  • YaleBrewster
    2023-03-06
    YaleBrewster
    Be careful option premiums starting to drip on the 5 min and 30 min, looks like Palantir going back down. Nasdaq has peaked for the day so we are headed back down.
  • shining87
    2023-03-06
    shining87
    The run up of PLTR that's about to happen over the course of the next couple weeks is going to be lots of fun, and plenty painful for bears.
  • shining87
    2023-03-06
    shining87
    AI is going to drive this stock into M and A.
  • oliana
    2023-03-03
    oliana
    Congrats
  • DQS4288
    2023-03-03
    DQS4288
    πŸ‘πŸ»
  • Waka Tiger
    2023-03-03
    Waka Tiger
    😊
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