Palantir (PLTR) potential to reach $15 and beyond?
If you have been following my article, you would have noticed I am holding $Palantir Technologies Inc.(PLTR)$ as I believe in their software technologies.
I have also shared another article on how we look at the company’s business while assessing them as well.
Today I would like to share on why I think Palantir (PLTR) have the potential to go $15 and beyond.
How PLTR Price is traded following the events and news
I am not sure if you are following the news and events why there is a surge in PLTR price over the last 2 weeks.
Here is a summary which I have come up and put in place on the date and the surge in price related to the events.
(1) 10 May - Palantir: Up 23.39% After Earnings And A Turning Point Has Been Reached. Ark bought 4.37 million shares of the company.
(2) 18 May - Cathie Wood-led ARK Investment Management bought over 1.26 million shares of Palantir Technologies Inc at an estimated valuation of about $13 million based on Wednesday's closing price (17 May).
(3) 19 May - Palantir shares jump another 7% in morning trading Thursday after surging 8% on Wednesday amid optimism that lawmakers in Washington would reach a deal to raise the U.S.'s debt ceiling.
(4) 23 May - Cathie Wood’s ARK Investment continued loading up on shares of Palantir on Monday(22 May), adding about $4 million worth of stock across multiple funds.
If you noticed, the recent price surge is mainly due to the increase in investment by ARK investment, but is it really all due to them, that is why the price surge.
I would look at how the technical analysis show us.
Palantir (PLTR) Technical Analysis
If you look at the signal, it is all BUY signal for SMA and EMA, Palantir Technologies’ (PLTR) 10-Day exponential moving average is 11.06, while Palantir Technologies’s (PLTR) share price is $12.84, making it a Buy.
Palantir Technologies’s (PLTR) 100-Day exponential moving average is 8.57, while Palantir Technologies’s (PLTR) share price is $12.84, making it a Buy.
Palantir Technologies’s (PLTR) stock price is $12.84 and Palantir Technologies’s (PLTR) 50-day simple moving average is 8.73, creating a Buy signal.
Palantir Technologies’s (PLTR) stock price is $12.84 and Palantir Technologies’s (PLTR) 100-day simple moving average is 8.22, creating a Buy signal.
Palantir Technologies’s (PLTR) stock price is $12.84 and Palantir Technologies’s (PLTR) 200-day simple moving average is 8.02, creating a Buy signal.
This would mean that this would be an opportunity time to load more PLTR if you are thinking of holding them.
The reason why Palantir (PLTR) would be in a better position now is because of the real life scenario that they are going to use Palantir software to catalog and assess damages to buildings and infrastructure
Why Palantir (PLTR) software is used for such large scale data collection
The reason why Palantir (PLTR) software would be used by the Ukrainian government agency to catalog and assess damages to buildings and infrastructure is they need the ability to identify what is being collected is not false positive.
In data collection, a lot of software out there claimed that they are able to have low rate of false positive.
But how many actually have deployed their software on a super large scale basis to collect data information, start crunching them.
https://blog.palantir.com/alerting-and-detection-strategy-framework-52dc33722df2
Through their Alerting and Detection Strategies (ADS), Categorization provides a mapping of the ADS to the relevant entry in the MITRE Adversarial Tactics, Techniques, and Common Knowledge (ATT&CK) Framework.
False Positives are the known instances of an ADS misfiring due to a misconfiguration, idiosyncrasy in the environment, or other non-malicious scenario. These false positive alerts should be suppressed within the Security Information and Event Management tool (SIEM) to prevent alert generation when a known false positive event occurs.
This is important as more and more organization would be embarking on large scale data collection, with PLTR’s strategy, it can be identified faster and suppressed so as not to interrupt the rest of the collection process.
Summary
I would believe it will be within this quarter that PLTR can reach $15 and beyond.
There would be customers looking to engage PLTR for another large scale projects as more and more infrastructure projects are also near completion, it is time to take stock and collect the data.
I am still holding onto my PLTR holdings for more growth.
Appreciate if you could share your thoughts in the comment section whether you think PLTR can reach $15 and beyond?
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Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.
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.
PLTR chart appears to be in full on bull steam ahead mode. next gap up to $14 is nearly complete. $19 gap up could be within reach by mid june? then its rather clear, sunny skies all the way to $26 imho, july / august? when the chart shows a 'double top', watch for the s p to DROP. Then add more!
nvda is blowing up the market-Ai is bigger thn we thought the article said -no its bigger than they thot- we knw it was going to b big - Its a new Species- and PLTR is going to b the securest thot process behind it-
Consolidation is part of the market. Happens to any stock from Boeing to bed bath and beyond. Adding the lack of a debt deal, AI bubble and overall pressure on the economy with impending recession. We can expect a heavy amount of selling tomorrow. Divided federal reserve and many stocks are overbought. No telling if theres a bull market or bear market yet. But we can all agree the markets hate uncertainty. This will reflect in the prices.
Is there an AI etf with NVDA, MSFT, PLTR, and related stocks?
Bubble will burst will create tons of bag holders. Do not fall into the trap
Great ariticle, would you like to share it?
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