$PLTR 22/2/2021 Analysis
NYSE:PLTR
Palantir are involving in the development of data integration and software solutions. It operates through the Commercial and Government segments. The Commercial segment offers services to clients in the private sector. The Government segment provides solutions to the United States (US) federal government and non-US governments. It offers automotive, financial compliance, legal intelligence, mergers and acquisitions solutions. The company software also helped the US government track down Bin Laden.
The company shares had spike down 34% from its highs and recently ARK bought in a massive volume during the dip. My opinion on the stock is that the stock price had great upside potential as the company revenue commercial segment are very little compare to the revenue derived from government contracts. If PLTR can expand more of its services to the commercial segment, the upside potential of the stock price will be huge. Also, ARK fund management had bought in a huge volume of PLTR shares during the dip 18/2/2021. I myself plan to hold the stock for medium - long term.
Support: 22 - 24
Resistance: 31, 40
My position
Average Price: 27.78
Stop Loss: 22.17
Take profit: Unlimited
Palantir are involving in the development of data integration and software solutions. It operates through the Commercial and Government segments. The Commercial segment offers services to clients in the private sector. The Government segment provides solutions to the United States (US) federal government and non-US governments. It offers automotive, financial compliance, legal intelligence, mergers and acquisitions solutions. The company software also helped the US government track down Bin Laden.
The company shares had spike down 34% from its highs and recently ARK bought in a massive volume during the dip. My opinion on the stock is that the stock price had great upside potential as the company revenue commercial segment are very little compare to the revenue derived from government contracts. If PLTR can expand more of its services to the commercial segment, the upside potential of the stock price will be huge. Also, ARK fund management had bought in a huge volume of PLTR shares during the dip 18/2/2021. I myself plan to hold the stock for medium - long term.
Support: 22 - 24
Resistance: 31, 40
My position
Average Price: 27.78
Stop Loss: 22.17
Take profit: Unlimited
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