$Palantir Technologies Inc.(PLTR)$ 🅱️ullish📈
I've opened positions again before upcoming October dip after reviewing my chart for another scalp to $42.
🎯🎯🎯 Palantir Powers Up While Cramer Flips Like a Pancake! 🎯🎯🎯
Kia ora Tiger traders!
Let’s talk Jim Cramer, the ultimate flip-flop analyst! Not too long ago, he labelled Palantir (PLTR) a “meme stock,” claiming it was little more than “press releases.” He even threw shade at CEO Alex Karp for dropping F-bombs during calls—seriously, Jim? 😆 Fast forward to 1 October 2024, and Cramer’s performed yet another 180—now claiming Palantir “can go higher from here.” This guy’s flipping faster than a pancake on a hot skillet! 🤸♂️🍳 Are we watching Mad Money or Mad Gymnastics? 🏅😂
💡 Why I’m Bullish at $39.61 💡
Palantir isn’t just surviving, it’s thriving! After hitting a new 52-week high of $39.24 on 3 October 2024, and gaining 148% year-to-date, I’ve re-entered at $39.61. Wedbush has raised their price target to $45, calling Palantir a true game-changer in the AI space. The Live Edge AI partnership with Edgescale is reshaping industries like manufacturing and utilities—this isn’t a meme, this is a full-blown AI revolution! 📊🤖
Here’s why Palantir stands out: They’re sitting on $4 billion in cash with zero debt—a financial fortress. Even in an economic downturn, their customers are unlikely to cut Palantir software, because it’s one of the few AI SaaS products that consistently saves companies more than it costs to implement. Palantir isn’t just a growth stock—it’s a resilient play in any market conditions.
Meanwhile, Peter Thiel has finished his 12.4 million share sale, removing any potential selling pressure, giving Palantir a clear path for further growth. 🚀
Hey Tiger Traders, how many more flips do you reckon Cramer has left before he lands on the right side of Palantir? 😜
How does Palantir’s cash reserves and cost-saving AI SaaS model set it up for massive gains heading into 2025?
Happy trading ahead. Cheers, BC 🍀
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