Hey guys, it’s your favorite financial YouTuber back again with some exciting news about Palantir Technologies (PLTR)! Can you believe the stock is up 25% this year after a tough 2022 where it crashed by 65%? That’s right, Palantir is back and stronger than ever! I’m super confident that this is more than just a short-lived rally, because Palantir’s business is looking amazing! Their recent quarterly results suggest that they could have more room to run, and here are three reasons why I think more growth is likely ahead for the business: First of all, Palantir’s business continues to grow. For 2023, the company is projecting revenue of between $2.18 billion and $2.23 billion, while remaining profitable. That’s huge news! It looks like the company has turned a corner, with profitability being the norm from here on out. Secondly, Palantir is a potentially underrated buy this year. If the company is able to continue to produce profitable results while growing its business, there should be much more bullishness surrounding the stock. Buying shares of Palantir now, while they’re still down more than 40% from their 52-week highs, could be a smart move for long-term investors. And lastly, Palantir’s reduction in headcount comes after Chief Executive Officer Alex Karp said at the World Economic Forum in January that the company planned to increase headcount this year even as it scrutinized expenses. This shows that Palantir is committed to keeping costs under control while still growing its business. Now, I know there are some naysayers out there who think that Palantir’s growth is slowing down and that the stock is due for a major correction. But I’m not buying it! Palantir has established itself as a significant player in the data analytics market, and with improving profitability and strong dilution prospects, I strongly believe that PLTR’s market valuation will continue to climb over the long term. So, what are you waiting for? Don’t miss out on this incredible opportunity to invest in Palantir while the stock is still undervalued. As always, make sure to do your own research and invest responsibly. Thanks for watching, and I’ll catch you guys in the next video!
#stocks #stockmarket #stockstobuy
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Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice or financial advice and it should not be taken as investment advice or financial advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.
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