PLTR LONG. To buy now or should wait???Hey friends!
Fundamentally PLTR company is very valuable in my opinion. Despite the fact that their products are very expensive, the company is unique. They have won many government contracts and are becoming a fundamental analytical company already.
In PLTR 2 scenarios for me right now.
1.Nice accumulation since 27 may could release strong impulse. (scenario 1) Could be nice for intraday scalping.
2.Or retest of strong support zone 21,5-23$ could provide price to go higher(H&S pattern). (scenario 2) Could be nice for midterm buyers.
Pltrlong
Why buy Palantir before it breaks out
Big data firms are the new social media platforms that see massive revenue growth.
The market needs to come to terms with the possibility that Palantir’s revenues can quintuple until FY 2025.
As the market understands Palantir’s long-term revenue and growth opportunity, the stock will appreciate.
I think this is the next company that needs to be added to the group of FAANG stocks. Big data analytics is big business for NYSE:PLTR as data volumes grow and more analytical capabilities are required to make sense of them. Palantir is set to grow revenues extremely fast over the next five years, and the stock is set to break out.
Their software is mostly used to analyze data and develop solutions to complex problems for businesses and governments that have to manage through tons of data… Palantir's software and predictive analytics capabilities can help predict COVID-19 outbreaks, analyze performance data, fight crime, assist companies with the migration of IT systems, support law enforcement, solve supply chain problems and support effective risk management practices.
One of the biggest entities that collect data are governments. They have endless databases containing information about their citizens, which is also why the government business is an important cornerstone for Palantir to leverage its growth.
Since government contracts are a lucrative source of revenue for Palantir, and the firm collected 56% of its revenues or $610 million from its government customers in FY 2021. In the 1st quarter 2021, Palantir saw its government revenues grow by 76% Y/Y to $208m, and it could crack the $1b annual government revenue threshold by FY 2022.
Besides still not being profitable Palantir's revenues are growing fast and have increased 84% from FY 2018 to FY 2020.
Their own revenue guidance appears to be carefully formulated as the company is still in a phase in which it enjoys revenue growth rates approximating 50%. These rates will normalize with time, but Palantir is set for a golden future.
Revenues could grow from $1.1b in FY 2021 to $5-$6b over the next five years, assuming gradually declining growth rates, which are historically validated.
As times goes by and customers, in both commercial and government area, experience Palantir's software platform, they tend to spend more money, which makes it ultimatly a trend in itself Instead of just signing on new clients and scaling, Palantir clearly has the option to maximize the customer lifetime value by increasing revenues per customer, which it does.
Revenues per customer increased a massive 29% Y/Y to $8.1m in the 1st quarter, which attests to Palantir's strong organic growth capability.
(Source: Palantir)
Potential Risks:
Since profits are still a thing of the future we should rather value them over expected sales than actual net margins. Also because the Plattform itself is so well programmed it will needs less R&D spending.
Another risk for shareholders touches on the subject of dilution. Palantir, as most tech companies, issues a lot of stock for compensation packages, which dilutes shareholders. Palantir's outstanding number of shares increased 80% from FY 2018 to FY 2020 and continued to rise in the 1st quarter 2021.
When the market understands Palantirs full potential and their recurring revenues YaY and that a government focus is a strength, not a weakness. Once the market does that, PLTR should break out and revalue higher.
PLTR BUY/LONG NOW READY! 16.00 to Potentially 81.50!TICKER CODE: PLTR
Company Name: Palantir Technologies Inc.
Industry: Technology | Software - Infrastructure | USA
Position Proposed: BUY
Technical Analysis
1. Large Falling Wedge Pattern Forming
2. Fibonacci Retracement at 0.786 (Silver Zone)
3. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
4. RSI was at OVERSOLD level
The market will more likely than not pullback to 16.00 - 17.00 before another rise up to reach 60.00 and possibly 80.00
Entry: NOW READY (16-20)
1st Partial Take Profit: 59.00 (August - End 2021)
2nd Partial Take Profit: 81.50 (Mid-End 2022)
STOCKS - Palantir $PLTR - Wave 3Algorithm has given entry signals for Palantir Technologies
- Palantir Technologies is ready for the triple digits, to join its peers in FAANG.
- Potential technical breakout.
- Invalidated if the rally turns to a sign of weakness.
GLHF,
DPT
Disclaimer:
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PLTR long trade ideaPLTR is coming back down to the bottom of the recent trading range. $23 is a solid support and it is objective to go long here with stop should be placed below the trading range according to your upside target. On hourly chart, bullish falling wedge and oversold on RSI. Just swinging back to the top of the range is well into double digit potential gain. As we all know, trading range do not last forever, eventually it is going to move one way or the other. My strategy is to take a partial position here and if it breaks up, I will add onto my position. Another way I can see myself adding is when it slightly undercut the bottom of the range to shake off weak handed longs and shorts pile in and if it reverses, then it will be a bear trap. That can be the catalyst for next leg up.
Have a good trade everyone,
T.
Areas of Supports and Resistance for $PLTRI am Bullish long term for this company.
Big data management is the future for almost every Company if you can manage data for other companies it is a win-win for both parties. unlike selling the software as a service to a normal joe they are selling it to big companies which tends to have strict contracts and high per-customer spending. As the CEO said stay here for a long run or find other option. let's stay here.
The company is spending aggressively on the software which will give good returns in a few years.
Follow for more technical analysis.
PLTRPLTR brakes trendline resistance. Also CCI comes out to oversold area and Stochastic cross too.
News of today about PLTR: the company has entered into a six-year strategic partnership with French automotive supplier Faurecia to help the latter accelerate its digital transformation and move toward carbon neutrality.
The French company will use Palantir's Foundry software to obtain better insights on data from manufacturing to purchasing, and from engineering to finances.
Palantir's on the BUY list of ARK's ETF too.
1st target price 30
2nd target 40
Save and Invest
LazyBull
DISCLAIMER: I am not a financial advisor nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.