Hey there, financial fam! Big news in the trading world: Palantir Technologies Inc ticker symbol PLTR just crossed above the average analyst 12-month target price of $9.55! That’s right, after a blockbuster earnings report, the stock skyrocketed by over 20% – and it’s not done yet. Now, there are 10 different analyst targets but get this – one analyst has a target as high as $20.00! And even with some analysts with lower targets, Palantir’s growth and profitability potential is enormous. I’ve been talking about Palantir for a while now, and I stand by my statement that the $5-$7 range was the ultimate buy-in point for one of the most undervalued companies globally. Even though the stock is around $9 now, it’s still only trading at around seven times forward sales estimates, which is crazy undervalued. But here’s the kicker: most analysts believe Palantir will deliver $0.20-$0.30 EPS this year and next, but they’re already proving higher profitability than projected. And if they can do that during a challenging economic phase, imagine what they’ll do when the economy gets hot again. Plus, with Palantir’s software enabling the Ukrainian military to accurately target tanks and other military targets, the company is making major moves. And with the CEO hinting that they could become an attractive acquisition target, the stock price is only going to go up. So, mark my words – I suspect Palantir stock could be worth around $10 by year’s end. Don’t miss out on this one, fam – PLTR stock is going places.
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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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