Palantir Bullish Long-Term Play
Updated
Palantir shares rose to a yearly high near $33 in the evening trading session on Friday, September 6, after announcement Palantir joins the S&P 500 index.
Palantir was one of the strongest contenders for inclusion in the broad market S&P500 index.
This inclusion, as well as Dell (DELL), comes after tech companies Super Micro (SMCI) and Crowdstrike (CRWD) also joined the index earlier this year.
Technical 1-month graph indicates on Reversed Head-and-Shoulders structure in development.
Potentially it can bring Palantir stocks, up to $100 per share over the next several years.
Palantir was one of the strongest contenders for inclusion in the broad market S&P500 index.
This inclusion, as well as Dell (DELL), comes after tech companies Super Micro (SMCI) and Crowdstrike (CRWD) also joined the index earlier this year.
Technical 1-month graph indicates on Reversed Head-and-Shoulders structure in development.
Potentially it can bring Palantir stocks, up to $100 per share over the next several years.
Trade active
September 9, 2024
👉 Palantir stock has almost doubled in price in 2024, following AI king, Nvidia Corp. only, that is currently added nearly 116.2 percent year-to-date.
👉 The technical graph indicates that robust gain in Palantir shares has accelerated, being supported with recent S&P500 Index inclusion.
Trade active
September 23, 2024
👉 Palantir stock has surged higher, almost to all the history highs after joining S&P 500 Index.
👉 This time Palantir is +124.6% YTD, now # 3 best outperformer over the all SP500 Index components in 2024.
Trade active
October 3, 2024
👉 Palantir stock has reached new all the history high at daily close, first time since January 27, 2021
Trade active
October 25, 2024
👉 Palantir stock pop above $45 mark, to the highest ever level since January, 2021.
👉 The Denver, Colorado-based company is expected to release its fiscal Q3 earnings results after the market closes on Monday, Nov. 4.
Ahead of this event, analysts expect Palantir Technologies to report a profit of $0.05 per share, up 66.7% from $0.03 per share in the year-ago quarter.
👉 Palantir currently in 2024 is # 3 performer over the all S&P500 Index components, since nearly +165 per cent Company's market cap added this year.
Trade active
November 5, 2024
Palantir Technologies
PLTR pop +13% late Monday to new all the history high, almost to $50 per share, as software maker reported September quarter results that beat estimates by analysts amid surging demand for artificial intelligence platforms.
Adjusted per-share earnings in the September quarter rose to $0.10 from $0.07 in the year-ago quarter, topping consensus of $0.09.
Revenue climbed 30% to $725.5 million, exceeding Wall Street's $703.7 million estimate.
"It is the speed with which institutions in the US, in particular, have adopted our platforms and artificial intelligence capabilities more broadly that has been, and we believe will continue to be, the driver of our growth," Chief Executive Officer Alexander Karp said in a shareholder letter.
US revenue advanced 44% to $499 million, driven by a 54% jump in commercial.
Trade active
November 5, 2024
👉 With more than 20% Daily gain, Palantir Technologies has almost reached 50-dollar mark.
👉 Currently, Palantir shares are the 2nd-highest gainer in 2024 among all S&P 500 components with nearly +190 percent gain this year, trying to dethrone AI King, Nvidia stock.
Trade active
November 5, 2024
👉 Palantir shares +200% in this year.
Note
November 6, 2024
Wooo Hooooo-ooo...!
👉 ARE YOU TIRED WITH MY UPDATES FOR PALANTIR? OR NOT YET? 😁
👉 Palantir stock
PLTR currently RANKS #1 in 2024, among all S&P 500 components.
This Super Duper software maker is up nearly 220 percent this year, and finally has unseated the King of AI, Nvidia (as well as all other stocks).
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