Haha...an analysis from a potential short seller can't be taken into consideration!
Palantir: A Tale Of Two Cities (Technical Analysis, Rating Downgrade)
Palantir's technical analysis is overwhelmingly positive, with strong charts, accelerating bullish momentum in moving averages, and bullish indicators in both daily and weekly time frames.Despite strong earnings, Palantir's valuation appears significantly overvalued, with P/S and P/E ratios near or at all-time highs, not justified by current growth rates.The stock's revenue growth is moderate, and EPS growth has slowed, clashing with its high valuation multiples, indicating a disconnect between fundamentals and stock price.Given the divergence between bullish technicals and overvalued fundamentals, I downgrade Palantir to a hold rating, suggesting caution for investors. hapabapa Thesis Back in October, I reiterated my buy rating on Palantir Technologies Inc., stock, and it has surged over 65% since that call. From my technical analysis below, I determine that the technicals could not be better as charts, moving
Palantir: A Tale Of Two Cities (Technical Analysis, Rating Downgrade)Disclaimer: 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.