Hey, financial enthusiasts! Let me give you the lowdown on Palantir Technologies Inc. (NYSE:PLTR). The stock has been on a wild ride lately, and some analysts are feeling pessimistic. However, we’re staying bullish on this one, and here’s why. Palantir is sitting pretty at the intersection of data and AI, which is where the future is headed. In today’s world, the amount of data being generated is overwhelming, and humans simply can’t keep up. This is where AI comes in, and Palantir is well-positioned to benefit from this trend. The recent profitability of the company in Q4 2022 is also an exciting development. Sure, there are some challenges ahead, such as the potential review of six major government contracts over the next year and a quarter. But we’re confident that Palantir has what it takes to maintain profitability and grow its customer base in the long run. While some analysts are cautious due to slowing revenue growth rates and market uncertainty, we believe that Palantir is relatively cheap compared to its peers, with a P/E ratio of 36.0x C2024 EPS $0.24 compared to the peer group average of 92.8x. This is an opportunity to get in on a growth stock at an affordable price. So, keep an eye on Palantir as it continues to navigate the ever-changing market. We expect some volatility in the near term, but we’re confident that Palantir is a strong player in the mid-to-long term. Don’t miss out on this one, folks!
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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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