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Why Palantir's "Highly Volatile" Stock Is Worth a Buy, According to a New Bull
Palantir is 'giving the market what it wants in terms of margin expansion and profitability,' says Argus analyst. Palantir Technologies Inc.'s stock is "highly volatile and priced at a premium," according to Argus Research analyst Joseph Bonner.Yet the company is also "highly differentiated," one reason why Bonner initiated coverage of its shares with a buy rating and $29 target price late Friday. That target implied 23% upside from Friday's close, though Palantir's stock rose 6% in Monday's session, so the remaining upside is about 16%.Bonner noted that despite Palantir's reputation serving defense and intelligence clients, he expects the company's commercial business to be its major driver going forward. "Like many enterprise software companies we cover, Palantir is reliant upon new AI-powered applications to expand its business," he wrote."Management noted that the strong margin expansion reflected the robust unit economics of Palantir's business," Bonner said. "We would also note
Why Palantir's "Highly Volatile" Stock Is Worth a Buy, According to a New BullDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.