Why the Palantir Stock Rebound Is Just Getting Started

InvestorPlace06-20

Palantir Technologies (PLTR) has surged back above $25 per share, for reasons beyond mere hope and hype.A recent analyst buy rating is helping to disseminate the bull case for this AI enterprise ...

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AgentW
·06-20
I've mentioned $Palantir Technologies Inc.(PLTR)$ many times in my sell put strike $21. Happy to collect some pocket money. As I'm sitting 100% profit in my very old position, I'm looking for first target at 31 back to 25 to retest it before it goes back up to the 42!!! Last intrinsic value I calculate this was at $17-$19. So trade carefully my friends!! Be nimble if u get it at higher prices! Still I remain long term bullish on $Palantir Technologies Inc.(PLTR)$
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href=https://investorplace.com/market360/2024/06/why-the-palantir-stock-rebound-is-just-getting-started/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palantir Technologies (PLTR) has surged back above $25 per share, for reasons beyond mere hope and hype.A recent analyst buy rating is helping to disseminate the bull case for this AI enterprise ...</p>\n\n<a href=\"https://investorplace.com/market360/2024/06/why-the-palantir-stock-rebound-is-just-getting-started/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0208291251.USD","symbol_name":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) 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(NYSE:PLTR) entered rebound mode last month, and appears set to stay there for quite some time. Now back above $25 per share, a move to even higher prices may be just around the corner for Palantir stock.Investors are warming back up to the AI enterprise software company’s shares, for reasons that go beyond mere hope and hype.We’re not the only ones who have recently taken notice about Palantir’s success in generative AI software, and its impact on driving a growth resurgence.Besides market participations increasingly coming to this conclusion, so too has a Wall Street sell-side analyst, who this week issued a bullish research note on PLTR.Although subsequent gains may arrive more gradually, here’s why you may want to seize the opportunity today, and enter a position.Palantir Stock and its Newest ‘Buy’ RatingOn June 17, Argus Research’s Joseph Bonner issued a “buy” rating on PLTR, with a price target of $29 per share. In the research note, Bonner focused mainly on Palantir’s potential to continue capitalizing on growing AI software demand from commercial clients.Bonner highlighted Palantir’s AI Platform’s impact on revenue growth and improved profitability.Analyst predicts sustained earnings growth in the coming years. Bonner predicts an average annual earnings growth of 19% over the next five years.The market has responded positively to this buy rating. Palantir stock surged 6.15% on rating release day. Despite increasing bullishness for PLTR, we understand your hesitation to enter a position.After all, PLTR continues to sport a sky-high valuation of 75.8 times forward earnings. However, while Bonner honed into key aspects of the Palantir bull case, there is a lot more to it than that. Here’s why.Don’t Forget These Other CatalystsAs we have pointed out in prior Palantir stock coverage, the company’s success in AI may not just be limited to its commercial segment.Based on recent results and contract wins, the launch of AIP and other AI endeavors appear to be having a positive impact on the performance of Palantir’s governmental business as well.Last quarter, governmental sales growth re-accelerated from 11% to 16%. Late last month, the company announced that it had won a $480 million contract with the U.S. Department of Defense .This contract is for the development of a prototype for the DoD’s Maven artificial intelligence system. Subsequent company announcements could further indicate that the governmental segment is experiencing a much stronger growth resurgence.Taking into account both Palantir’s strong commercial and government growth prospects, forget about earnings rising by just 19% annually over the next five years. With Palantir scaling up faster than anticipated, this could translate into far more outsized levels of earnings growth.Again, don’t expect this bull case for PLTR to play out immediately. Count on it being a gradual process. That said, the next big run-up for Palantir may only be a little bit more than a month away.Bottom Line: Feel Free to Hop on the PLTR BandwagonInvestor enthusiasm for Palantir Technologies is heating back up, but it’s not as if this has become a “too hot to touch” situation. Buy in today, at around $25 per share, could prove profitable.Although the excitement could cool down for a bit after the recent “buy” rating, there’s plenty that could drive the next big boost.Namely, Palantir’s next scheduled quarterly earnings release, expected to occur sometime in early August. The latest results and updates to outlook could drive another wave of bullishness.Alongside this, the company in the coming months could announce additional contract wins and corporate collaboration agreements. So far in 2024, Palantir has entered or expanded partnership deals with major companies like Oracle (NYSE:ORCL) and Eaton (NYSE:ETN).As the bull case gets even stronger, feel free to hop on the Palantir stock bandwagon.Palantir stock earns a B rating in Portfolio Grader.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":319004725391432,"gmtCreate":1718895412023,"gmtModify":1718972316134,"author":{"id":"3582026637156287","authorId":"3582026637156287","name":"AgentW","avatar":"https://static.tigerbbs.com/ea10cf70360da363ebb351e4e5a0850a","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3582026637156287","authorIdStr":"3582026637156287"},"htmlText":"I've mentioned&nbsp;<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a><v-v data-views=\"1\"></v-v>many times in my sell put strike $21. Happy to collect some pocket money. As I'm sitting 100%&nbsp;profit in my very old position, I'm looking for first target at 31 back to 25 to retest it before it goes back up to the 42!!! Last intrinsic value I calculate this was at $17-$19. So trade carefully my friends!! Be nimble if u get it at higher prices! Still I remain long term bullish on&nbsp;<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","listText":"I've mentioned&nbsp;<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a><v-v data-views=\"1\"></v-v>many times in my sell put strike $21. Happy to collect some pocket money. As I'm sitting 100%&nbsp;profit in my very old position, I'm looking for first target at 31 back to 25 to retest it before it goes back up to the 42!!! Last intrinsic value I calculate this was at $17-$19. So trade carefully my friends!! Be nimble if u get it at higher prices! Still I remain long term bullish on&nbsp;<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","text":"I've mentioned $Palantir Technologies Inc.(PLTR)$ many times in my sell put strike $21. Happy to collect some pocket money. As I'm sitting 100% profit in my very old position, I'm looking for first target at 31 back to 25 to retest it before it goes back up to the 42!!! Last intrinsic value I calculate this was at $17-$19. So trade carefully my friends!! Be nimble if u get it at higher prices! Still I remain long term bullish on $Palantir Technologies Inc.(PLTR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":21,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/319004725391432","repostId":2444422544,"repostType":2,"repost":{"id":"2444422544","pubTimestamp":1718861271,"share":"https://ttm.financial/m/news/2444422544?lang=&edition=fundamental","pubTime":"2024-06-20 13:27","market":"us","language":"en","title":"Why the Palantir Stock Rebound Is Just Getting Started","url":"https://stock-news.laohu8.com/highlight/detail?id=2444422544","media":"InvestorPlace","summary":"After climbing back above $25 per share, Palantir stock is en route to higher prices, as growth and profitability advance.","content":"<html><head></head><body><ul style=\"\"><li><p><strong>Palantir Technologies</strong> (<strong><u>PLTR</u></strong>) has surged back above $25 per share, for reasons beyond mere hope and hype.</p></li></ul><ul style=\"\"><li><p>A recent analyst buy rating is helping to disseminate the bull case for this AI enterprise software company.</p></li><li><p>While subsequent gains may come gradually, there’s plenty in play that could drive the next big liftoff for Palantir stock in the coming months.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/90ea200d988a3ad5f9752cc960796b5c\" tg-width=\"768\" tg-height=\"432\"/></p><p>Source: rafapress / Shutterstock.com</p><p><strong>Palantir Technologies</strong> (NYSE:<strong>PLTR</strong>) entered rebound mode last month, and appears set to stay there for quite some time. Now back above $25 per share, a move to even higher prices may be just around the corner for Palantir stock.</p><p>Investors are warming back up to the AI enterprise software company’s shares, for reasons that go beyond mere hope and hype.</p><p>We’re not the only ones who have recently taken notice about Palantir’s success in generative AI software, and its impact on driving a growth resurgence.</p><p>Besides market participations increasingly coming to this conclusion, so too has a Wall Street sell-side analyst, who this week issued a bullish research note on PLTR.</p><p>Although subsequent gains may arrive more gradually, here’s why you may want to seize the opportunity today, and enter a position.</p><h2 id=\"id_4233408792\">Palantir Stock and its Newest ‘Buy’ Rating</h2><p>On June 17, Argus Research’s Joseph Bonner issued a “buy” rating on PLTR, with a price target of $29 per share. In the research note, Bonner focused mainly on Palantir’s potential to continue capitalizing on growing AI software demand from commercial clients.</p><p>Bonner highlighted Palantir’s AI Platform’s impact on revenue growth and improved profitability.</p><p>Analyst predicts sustained earnings growth in the coming years. Bonner predicts an average annual earnings growth of 19% over the next five years.</p><p>The market has responded positively to this buy rating. Palantir stock surged 6.15% on rating release day. Despite increasing bullishness for PLTR, we understand your hesitation to enter a position.</p><p>After all, PLTR continues to sport a sky-high valuation of 75.8 times forward earnings. However, while Bonner honed into key aspects of the Palantir bull case, there is a lot more to it than that. Here’s why.</p><h2 id=\"id_2224980768\">Don’t Forget These Other Catalysts</h2><p>As we have pointed out in prior Palantir stock coverage, the company’s success in AI may not just be limited to its commercial segment.</p><p>Based on recent results and contract wins, the launch of AIP and other AI endeavors appear to be having a positive impact on the performance of Palantir’s governmental business as well.</p><p>Last quarter, governmental sales growth re-accelerated from 11% to 16%. Late last month, the company announced that it had won a $480 million contract with the U.S. Department of Defense .</p><p>This contract is for the development of a prototype for the DoD’s Maven artificial intelligence system. Subsequent company announcements could further indicate that the governmental segment is experiencing a much stronger growth resurgence.</p><p>Taking into account both Palantir’s strong commercial and government growth prospects, forget about earnings rising by just 19% annually over the next five years. With Palantir scaling up faster than anticipated, this could translate into far more outsized levels of earnings growth.</p><p>Again, don’t expect this bull case for PLTR to play out immediately. Count on it being a gradual process. That said, the next big run-up for Palantir may only be a little bit more than a month away.</p><h2 id=\"id_3314550137\">Bottom Line: Feel Free to Hop on the PLTR Bandwagon</h2><p>Investor enthusiasm for Palantir Technologies is heating back up, but it’s not as if this has become a “too hot to touch” situation. Buy in today, at around $25 per share, could prove profitable.</p><p>Although the excitement could cool down for a bit after the recent “buy” rating, there’s plenty that could drive the next big boost.</p><p>Namely, Palantir’s next scheduled quarterly earnings release, expected to occur sometime in early August. The latest results and updates to outlook could drive another wave of bullishness.</p><p>Alongside this, the company in the coming months could announce additional contract wins and corporate collaboration agreements. S</p><p>o far in 2024, Palantir has entered or expanded partnership deals with major companies like <strong>Oracle</strong> (NYSE:<strong>ORCL</strong>) and <strong>Eaton</strong> (NYSE:<strong>ETN</strong>).</p><p>As the bull case gets even stronger, feel free to hop on the Palantir stock bandwagon.</p><p>Palantir stock earns a B rating in Portfolio Grader.</p></body></html>","source":"investorplace_stock_picks","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why the Palantir Stock Rebound Is Just Getting Started</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy the Palantir Stock Rebound Is Just Getting Started\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-20 13:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/market360/2024/06/why-the-palantir-stock-rebound-is-just-getting-started/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palantir Technologies (PLTR) has surged back above $25 per share, for reasons beyond mere hope and hype.A recent analyst buy rating is helping to disseminate the bull case for this AI enterprise ...</p>\n\n<a href=\"https://investorplace.com/market360/2024/06/why-the-palantir-stock-rebound-is-just-getting-started/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0719512351.SGD":"JPMorgan Funds - 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Now back above $25 per share, a move to even higher prices may be just around the corner for Palantir stock.Investors are warming back up to the AI enterprise software company’s shares, for reasons that go beyond mere hope and hype.We’re not the only ones who have recently taken notice about Palantir’s success in generative AI software, and its impact on driving a growth resurgence.Besides market participations increasingly coming to this conclusion, so too has a Wall Street sell-side analyst, who this week issued a bullish research note on PLTR.Although subsequent gains may arrive more gradually, here’s why you may want to seize the opportunity today, and enter a position.Palantir Stock and its Newest ‘Buy’ RatingOn June 17, Argus Research’s Joseph Bonner issued a “buy” rating on PLTR, with a price target of $29 per share. In the research note, Bonner focused mainly on Palantir’s potential to continue capitalizing on growing AI software demand from commercial clients.Bonner highlighted Palantir’s AI Platform’s impact on revenue growth and improved profitability.Analyst predicts sustained earnings growth in the coming years. Bonner predicts an average annual earnings growth of 19% over the next five years.The market has responded positively to this buy rating. Palantir stock surged 6.15% on rating release day. Despite increasing bullishness for PLTR, we understand your hesitation to enter a position.After all, PLTR continues to sport a sky-high valuation of 75.8 times forward earnings. However, while Bonner honed into key aspects of the Palantir bull case, there is a lot more to it than that. Here’s why.Don’t Forget These Other CatalystsAs we have pointed out in prior Palantir stock coverage, the company’s success in AI may not just be limited to its commercial segment.Based on recent results and contract wins, the launch of AIP and other AI endeavors appear to be having a positive impact on the performance of Palantir’s governmental business as well.Last quarter, governmental sales growth re-accelerated from 11% to 16%. Late last month, the company announced that it had won a $480 million contract with the U.S. Department of Defense .This contract is for the development of a prototype for the DoD’s Maven artificial intelligence system. Subsequent company announcements could further indicate that the governmental segment is experiencing a much stronger growth resurgence.Taking into account both Palantir’s strong commercial and government growth prospects, forget about earnings rising by just 19% annually over the next five years. With Palantir scaling up faster than anticipated, this could translate into far more outsized levels of earnings growth.Again, don’t expect this bull case for PLTR to play out immediately. Count on it being a gradual process. That said, the next big run-up for Palantir may only be a little bit more than a month away.Bottom Line: Feel Free to Hop on the PLTR BandwagonInvestor enthusiasm for Palantir Technologies is heating back up, but it’s not as if this has become a “too hot to touch” situation. Buy in today, at around $25 per share, could prove profitable.Although the excitement could cool down for a bit after the recent “buy” rating, there’s plenty that could drive the next big boost.Namely, Palantir’s next scheduled quarterly earnings release, expected to occur sometime in early August. The latest results and updates to outlook could drive another wave of bullishness.Alongside this, the company in the coming months could announce additional contract wins and corporate collaboration agreements. So far in 2024, Palantir has entered or expanded partnership deals with major companies like Oracle (NYSE:ORCL) and Eaton (NYSE:ETN).As the bull case gets even stronger, feel free to hop on the Palantir stock bandwagon.Palantir stock earns a B rating in Portfolio Grader.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":13,"commentSize":1,"repostSize":1,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}