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PALANTIR TECHNOLOGIES INCPALANTIR TECHNOLOGIES INCPALANTIR TECHNOLOGIES INC

PALANTIR TECHNOLOGIES INC

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$PLTR needs more gas to $30 In my current assessment of NYSE:PLTR , drawing parallels to my journey from Wisconsin to Texas, I recognize that market movements, much like a road trip, are not linear. Institutions influence the market, creating fluctuations akin to pit stops for fuel on a long drive. A recent analysis, referenced in an article article prompted me to explore NYSE:PLTR 's potential Acknowledging the non-linear nature of security trades, I concur with analysts suggesting a $30 target. The daily chart reveals an unaddressed gap, necessitating market adjustments by institutions. I speculate a potential rise to $30-$36, contingent on market creation to fulfill institutional orders. While anticipating a mild pullback, comparable to a brief detour on my journey, I emphasize understanding institutional footprints for enhanced trading analysis and potential profitability. A forthcoming article will delve into a detailed technical analysis to elucidate my rationale further.
NYSE:PLTRLong
by segantad
1
Palantir: Betting on a Drop Below $23 with Put OptionsIn recent weeks, Palantir Technologies (PLTR) has shown significant growth, reaching a key resistance level at $25. However, despite attempts to breach this level, the price failed to sustain above it, indicating potential buyer exhaustion and the possibility of a correction beginning. Trading volume analysis confirms the lack of strong buyer pressure at current levels, making a pullback scenario likely. The key support level is at $23, and breaking below it could accelerate the price decline. Considering the expected correction, I am looking at a strategy using bearish put options with a weekly expiration. This will limit potential losses while offering the opportunity to profit from a decline in shares below $23. The strategy involves selecting options with a potential profit-to-risk ratio of 1 to 1.88, which is attractive from a capital and risk management perspective. In conclusion, key factors to monitor will be the price dynamics relative to the $25 level and changes in trading volumes. Any signs of weakening buyer interest could serve as confirmation of the beginning of the correction and a signal to enter a bearish position through put options.
NYSE:PLTRShort
by Shved126
The Bullish Case for Palantir Technologies ($PLTR)NYSE:PLTR is in a strong bullish momentum and breaking resistance levels. This is the year it will test and breaks its previous all time highs. Strong Revenue Growth: Palantir Technologies has shown impressive revenue growth in recent years. In 2023, the company's revenue increased by 17% year-over-year to $558 million in Q3. This growth can be attributed to the company's expanding customer base, which now includes major clients like the National Health Service in England. AI Integration: Palantir has been integrating artificial intelligence (AI) into its analytics platform, which has been a game-changer for the company. This has allowed Palantir to offer more value to its clients and has contributed to its revenue growth. Government Contracts: Palantir has a long history of securing lucrative government contracts, and this trend is expected to continue. In 2023, the company was awarded a $414 million data-communication platform contract with England's National Health Service. This demonstrates the company's ability to secure large deals and maintain strong relationships with government clients.
NYSE:PLTRLong
by EgideSimba
PLTR Pre-Earnings Buzz: Can It Breach $24 Amidst Anticipation?Earnings Spotlight: With Palantir's (PLTR) earnings report looming, excitement simmers as the stock held its 4-hour Point of Control (POC). Could this signal a pre-earnings jump towards $24? Key Points to Ponder: Earnings Catalyst: The upcoming report on February 6th could significantly impact the stock price. Positive results could fuel the surge towards $24. Confirmation Crucial: Before celebrating, watch for solid confirmation signals like increased volume, breakouts above resistance, and bullish momentum indicators. Market & News Vigilance: Keep a close eye on broader market trends, company-specific news, and industry developments that might influence the outcome. Risk Management Paramount: Regardless of earnings expectations or technical signals, prioritize risk management with a stop-loss order. Remember: Past performance doesn't guarantee future results. Technical analysis has limitations. Thorough research and understanding of inherent investment risks are crucial. This is an idea for informational purposes only, not financial advice. Seek professional guidance before making investment decisions.
NYSE:PLTRLong
by ParabolicP
1
A Case for Resistance Being Broken in PLTR StockSome bears in PLTR stock have undoubtedly exited their positions following the company's earnings beat and solid guidance. But not everyone. One analyst from RBC maintained a sell rating and set a fresh price target of $5.00. Closer to the 'market is always right' side of things, today's massive 30% jump has shares pressing against possible churn-like and disgruntled resistance dating back to 2021. The area spans roughly $21 - $26 and includes a now pierced 38% retracement level, the stock's lifetime 50% level above, and most immediately, offers pattern readers a "is it or is it not" double top position relative to PLTR's November high. I'm vested in seeing the bright and upside of things for PLTR and an emerging bull trend in place, and that this is one of those situations where resistance will be overcome. That said though, and controlling the champagne flow, a hedge adjustment from a married put to a collar placed around the improved trend was determined to be a prudent move.
NYSE:PLTR
by tyler.chris
PLTR Palantir Technologies Options Ahead of EarningsIf you haven`t bought PLTR ahead of the previous earnings: Then analyzing the options chain and the chart patterns of PLTR Palantir Technologies prior to the earnings report this week, I would consider purchasing the 19usd strike price Calls with an expiration date of 2024-3-1, for a premium of approximately $0.73. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:PLTRLong
by TopgOptions
5
Palantir's Stock Soared: AI Demand Propels Revenue Beat Palantir Technologies ( NYSE:PLTR ) has sent ripples through the financial markets with its staggering fourth-quarter earnings report, igniting a surge in its stock price by over 19%. The company's robust performance, fueled by burgeoning demand for its Artificial Intelligence (AI) platforms, has exceeded analyst expectations and set the stage for continued growth in 2024. Let's delve into the details of Palantir's ( NYSE:PLTR )remarkable ascent and what lies ahead for this tech powerhouse. Unprecedented Growth Amid AI Boom: Palantir's ( NYSE:PLTR ) fourth-quarter revenue soared to $608.4 million, marking a substantial 20% increase compared to the previous year. This impressive surge in revenue underscores the company's stronghold in the AI sector, with CEO Alex Karp highlighting the unyielding demand for large language models in the U.S. market. The expansion of Palantir's ( NYSE:PLTR ) AI Technology Platform (AIP) has been nothing short of extraordinary, evident in the staggering sixfold increase in AI technology pilots conducted over the past year. Driving Forces Behind Success: The success story of Palantir ( NYSE:PLTR ) is multifaceted, with several key factors driving its meteoric rise. Firstly, the company's strategic focus on developing cutting-edge AI solutions tailored to meet the evolving needs of various industries has been instrumental. Palantir's ( NYSE:PLTR ) ability to harness the power of AI to unlock valuable insights from vast datasets has positioned it as a vital player in sectors ranging from defense to commercial enterprises. Furthermore, Palantir's( NYSE:PLTR ) impressive growth in its U.S. commercial division, with a staggering 70% year-over-year revenue increase, underscores its ability to penetrate new markets and expand its customer base. The company's commercial customer count surged by 55%, a testament to the widespread adoption of its AI-driven solutions across diverse sectors. Projections and Outlook: Looking ahead, Palantir ( NYSE:PLTR ) remains bullish about its prospects, with revenue guidance for the first quarter of 2024 ranging between $612 million and $616 million. While this falls slightly short of analysts' expectations, the company's full-year revenue projection of $2.65 billion to $2.67 billion aligns closely with Wall Street estimates. This bullish outlook reflects Palantir's confidence in its ability to capitalize on the burgeoning demand for AI platforms and cement its position as a leader in the industry. Charting the Course: From a technical standpoint, Palantir's ( NYSE:PLTR ) stock has displayed a remarkable upward trajectory, trading within an ascending channel since early August. While recent price action has encountered resistance near the 50-day moving average, investors remain optimistic about the stock's potential to breach the channel's top trendline, currently hovering around $22.80. Palantir ( NYSE:PLTR ) could be a promising investment opportunity in the expanding realm of AI technology, with potential gains following the earnings report. Conclusion: Palantir's ( NYSE:PLTR ) stellar performance in the fourth quarter underscores the company's unwavering commitment to innovation and its ability to capitalize on the growing demand for AI-driven solutions. With robust revenue growth, expanding market presence, and bullish projections for the future, Palantir ( NYSE:PLTR ) is poised to continue its ascent as a trailblazer in the realm of AI technology. As investors eagerly await further developments, Palantir ( NYSE:PLTR ) remains a compelling choice for those seeking exposure to the transformative power of artificial intelligence.
NYSE:PLTRLong
by DEXWireNews
$PLTR ELLIOT WAVE ANALYSIS This analysis reflects my perspective on NYSE:PLTR through the lens of Elliott Wave theory. I acknowledge the potential for error and welcome any feedback or alternative viewpoints. After thorough analysis, it seems that NYSE:PLTR has concluded its impulsive phase and is now set for a significant downward movement. Currently navigating through sub wave C of wave 2 correction, it's anticipated to retrace to approximately the 0.618 retracement level, marked by the green rectangle, which serves as a pivotal point due to robust support. Although this projection isn't definitive and relies on typical wave 2 correction patterns, it provides a useful estimate for potential price movement.
NYSE:PLTRShort
by thekidtrader11
4
PALANTIR starting a new multi-month rally to $45Palantir (PLTR) has been trading within a long-term Channel Up pattern every since the August 05 2022 High. The recent consolidation within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) was successful as it held the latter as Support and broke above the former. Since we are technically on the 2nd long-term Bullish Leg of the Channel Up, this break-out, along with the 1D RSI breaking above its Lower Highs trend-line, should set in motion a multi-month rally similar to the one that started on the May 04 2023 Low. This gives us three Targets to aim in succession: a) $24.50, which represents a +58.90% rise such as the one that peaked on November 21 2023. b) $37.00, which represents a +136.51% rise such as the one that peaked on June 07 2023. c) $45.00, which represents a +243.33% rise such as the one that peaked on August 01 2023. The latter two would break the original (blue) Channel Up and start a divering (dotted) more aggressive one. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:PLTRLong
by TradingShot
3
Earnings Expectation for 2/5: $PLTRPLTR For its upcoming earnings report on February 5, Palantir Technologies (PLTR) is expected to announce operating earnings of $187 million, translating to 8 cents per share, with a revenue forecast of $603 million​​. This aligns closely with another source which anticipates earnings of 8 cents per share on a slightly lower revenue estimate of $602.41 million​​. The anticipation surrounding these earnings has contributed to a notable increase in the stock's price, demonstrating investor optimism and interest in the company's performance and future prospects.
NYSE:PLTR
by WallSt007
Strong technical potential for up to 60% advance PLTR was a true market leader back in 2020, but in brutal bear market of 2021-2022 the price was devastated almost by 90% of decline. While price still is far bellow its all time highs and thus has substantial overhead supply, my technical analysis shows substantial potential for at least one more wave higher in 2023. Thesis : until price respects and holds its Sep'23 lows 13.6, I expect price to form continue forming the right side and handle of the cup, following by the break-out to 23-28 ideal resistance zone.
NYSE:PLTRLong
by artemfedorov
3
Palantir and Coles Supermarkets Forge Strategic PartnershipPalantir Technologies Inc. (NYSE: NYSE:PLTR ), a global leader in AI systems, has announced a transformative 3-year partnership with Coles Supermarkets Australia Pty Ltd (ASX: COL), a prominent Australian supermarket and retail giant. The collaboration aims to revolutionize Coles' workforce strategy and analytics by leveraging Palantir's cutting-edge platforms, including the Artificial Intelligence Platform (AIP). Unveiling the Partnership: The partnership signals a strategic shift for Coles as it seeks to enhance operational excellence and redefine its end-to-end workforce strategy and integrated supply chain functions. By integrating Palantir's platforms into its store operations across 840 supermarkets, Coles aims to streamline decision-making processes, optimize workforce planning, and improve the overall customer and team member experience. Palantir's Role in Workforce Transformation: Palantir's platforms ( NYSE:PLTR ), particularly the Foundry platform, will play a pivotal role in reshaping Coles' approach to workforce management. The suite of workforce tools configured on Palantir will analyze a vast amount of data, comprising over 10 billion rows, including store details, team member information, shifts, and allocations. This comprehensive analysis aims to provide real-time insights, enabling Store and Department Managers to make informed decisions that optimize costs and improve both customer and team member satisfaction. Harnessing the Power of Artificial Intelligence: The partnership emphasizes Coles' commitment to harnessing the power of AI to drive digital transformation at scale. Coles plans to utilize Palantir's ( NYSE:PLTR ) Advanced Analytics 'Smarter Forecast' to enhance workforce planning and shift efficiency dynamically. The integration of AI into the retail ecosystem will empower front-line teams to respond more effectively to ever-changing trading conditions and customer needs. The Foundry Platform and Retail Ecosystem: Palantir's ( NYSE:PLTR ) Foundry platform will serve as the backbone of this innovative collaboration, bringing together legacy data systems and machine learning into a shared end-to-end view of Coles' retail ecosystem. This inclusive approach encompasses Bakery Production Planning tools for in-store bakeries and Ocado Fulfilment Centres, showcasing the adaptability and versatility of Palantir's solutions. Coles' Vision for the Future: Matt Swindells, Chief Operating & Sustainability Officer at Coles, expressed excitement about the partnership and its potential to redefine workforce management. He highlighted the capability of Palantir's Foundry platform to provide a suite of tools utilizing AI to empower front-line teams. Coles envisions a future where departments are optimally resourced, ensuring the best return on workforce spend and driving superior customer outcomes in-store. Global Impact and Retail Industry Growth: Ashwin Rajan, Head of Commercial for Australia at Palantir ( NYSE:PLTR ), emphasized the global significance of the partnership and its contribution to Palantir's growing presence in the retail industry. The collaboration with Coles showcases Palantir's ability to be integral to core operations in a challenging retail environment, enabling digital transformation on a large scale. Conclusion: The Palantir-Coles partnership marks a significant milestone in the evolution of workforce management, demonstrating how AI and data analytics can reshape traditional retail practices. As the collaboration unfolds over the next three years, it is poised to set new standards for operational efficiency, cost optimization, and customer satisfaction in the retail industry.
NYSE:PLTRLong
by DEXWireNews
PLTR Has Reached Key Upside Levels: Tighten StopsPrimary Chart : Palantir Technologies Inc. NYSE:PLTR on a daily time frame with key Fibonacci Levels drawn as well as support, resistance, the 21-day EMA, and a critical VWAP from the bear-market lows of December 2022 Palantir Technologies Inc. NYSE:PLTR , once a tech darling of the 2020-2021 bull market in equities, has achieved a substantial retracement now of its vicious 2021-2022 bear-market decline. PLTR has been a popular stock ever since going public via a direct public offering, the same type of registered share offering used by NYSE:SPOT and Slack Technologies, LLC, which is now owned by Salesforce. PLTR provides data-analysis and AI technologies to large government agencies, including defense agencies and branches of the military, as well as large corporations. Despite periods of consolidation—especially from August 1, 2023, to November 1, 2023, PLTR has been in a primary-degree uptrend since its bear market low on December 27, 2022. The uptrend has been mostly strong and supported by the volume-weighted average price anchored to the bear-market low (green), which is shown on the Primary Chart above. Price has also run into a major long-term Fibonacci level at $20.74. This level is also shown on the Primary Chart in gold. Using a logarithmic scale, this Fibonacci level at $20.74 is a 61.8% retracement of the all-time high to the December 2022 low. Above this level suggests more upside. Below this level suggests either (i) consolidation, or (ii) resumption of the downtrend (if key long-term support levels break decisively). When plotted on a linear chart, PLTR has also reached (and stalled at) a critical Fibonacci retracement of its entire bear-market decline. This .382 Fibonacci retracement at $20.85 is often where bull flags or bear flags consolidate within a given trend. Some might view this level as a decisive level for the bbear case given that 38.2% of the bear-market decline has been retraced, and therefore, rising above this level would suggest the uptrend has further to climb (e.g., $25.46 at the 50% retracement shown in green below). So this level at $20.74 / $20.85 (whether viewed as a .618 Fibonacci retracement or a .382 Fibonacci retracement) is crucial to monitor. Supplementary Chart A This post argues that the primary uptrend looks as though it has become extended. Does this mean the high has been reached for the this particular uptrend? It's not wise to call the end of a primary trend until technical confirmation has occurred. Picking a long-term high is nearly impossible. The negative divergences on weekly and daily time frames are shown in the following charts: Supplementary Chart B Supplementary Chart C Supplementary Chart D Supplementary Chart E Supplementary Chart F So momentum has definitely slowed in this AI / tech / data-analysis name, and negative (bearish) divergences have arisen. At a minimum, this could signal a period of consolidation lies ahead in the first half (1H) of 2024. The supplementary charts show the divergences one should watch carefully. This may provide a reason for bullish position traders and investors to tighten stops. And if key levels snap decisively, such as the $16.36 level or the August 2023 supports at $13.68 or the VWAP (green) from December 2022, then watch for a retest or break of lows.
Editors' picks
NYSE:PLTR
by SquishTrade
24