It can be much more higher, Tesla and Amazon also had over 1100 Price-to-earnings ratios in their first years, from that level PLTR is far away. Also a famous one made a new target for PLTR which is $200. Also some other analysts forecast around $120 to $125 short term. Dan Ives from Wedbull one of the early ones says it is like an Oracle company, so $500 billion market cap for sure. Some other say it will be a trillion market cap long term for sure. In good months this PLTR stock is making around +50% moves, so this would be around $125 for end of February. And then there is a new book published from CEO Karp of Palantir at around 18th of February. So I would not go short at all in this stock. They have the best AI nerds, and the people working there make the difference. Also DOGE needs PLTR to be really effective doing their job. And Musk and Karp are getting closer and closer each week, becoming best friends. This is not priced in. And the future is very bright for PLTR, they have a very big advantage and gap with their software no one can compete with. So it is just a matter of time, this company will grow a lot. And nearly all bank analysts have it on sell or hold rating only, so there are still plenty of investors not into this stock positioned. Another argument for PLTR to be bullish.
Personally I think it is actually the opposite from any technicals aspects. The floor should be around $94 level I think, the last Fibo extensions before $108. Also today and yesterday the $99 to $100 level is bought strongly. I really doubt this stock can go down a lot short term. There is much more upside potential. The next level above $108 is $120 and then again around $157 level, so your idea of shorting may be just a one day close lower today, will see. My opinion on PLTR.
I like! My best buy and hold, from 15$ early on, bought some relatively cheap puts as we went in the last few months. I also have a short call a 110$ expiring 14feb, but would buy it back and keep the shares.
I didn't work hard lol Also not life changing. I just wanted to pick an early bird fresh from ipo and hold to it. I don't even like so much what they do... but that was an incentive, if I bet on what I like I normally lose money.
Hi, I am long at ca. $37 since later 2024 and I won't sell before $220 as this is my minimum target (for the year of 2025 I would say). I think it is possible to reach my higher target $320 for PLTR then later in the next years. And this is not the end of course. By the way Jim Simons the legendary hedge fund performance record holder has this stock also overweighted in his personal porfolio. And I read that Ray Dalio another very big hedge fund also added this stock to his portfolio (do not have all details, but he maybe still adding it). Institutionials holding percentage does grow steadily over time (recent past has shown). That is good as they are strong hands and they are still adding PLTR for sure (as recent numbers is showing it too).
https://niftytrader901.substack.com/p/niftytrader901-i-am-making-changes Buying gap ups mentioned. Century mark move a catalyst. I said to my SO I expected a move to just under 100 post earnings. 27:12 in this video: roppel has not been as much of a fan on this company, he kind of comes and goes with enthusiasm. His partner bought in though. Not a trump play, it is a growth story exceeding expectations play. Many many people do not understand it.