$Palantir Technologies Inc.(PLTR)$
PLTR is heading to $15 to $18 range, that is where I will be re-entering. Now that the company has a history, the growth rate is established and the conclusion on the valuation can be drawn as high.
The press clippings on their order bookings are just anecdotal. Why do we need that, when we have history of sales and profitability growth ?
The market sentiment is not very cautious, there is no appetite for hyper valued stock with the hope that earnings will grow into it. The pressure is on valuation to match the hard number.
To be clear, I really like Palantir as a company and I think they have a bright future. However, I simply think they are overvalued right now. If/when they ever trade at a fair price, I plan to buy shares.
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- littlesweetie·05-22Your plan is to wait for a better price before making a purchase.LikeReport
- MR_Wu·05-22🙌🏻LikeReport
- RogerHenderson·05-22🙌LikeReport