Updated: Apr 13, 2021
Palantir Tech (PLTR), Mkt Cap 50b, growth stock but still loss making thus no PE nor div yield.
Palantir Tech is a software company that specializes in big data analytics for both the US government & commercial customers. The company was co-founded by Peter Thiel, the VC best known as a co-founder of PayPal.
With sticky government contracts, Mgt's projection of >30% revenue growth in fiscal 2021 & strong pricing power in its products, Palantir will be an interesting tech name to look at for the longer haul. Recently it got sold down as its IPO lock-up period ended, but this dip could be a great opportunity for investors who missed Palantir's initial rally.
From the Chart, price action is bouncing off from a confluence of support (see blue arrow) on higher than average volume & both RSI/Stochastics are curling up from oversold regions. Should price fail to rally, the stop out level can be at 21.13+/- (red dotted line).
This is an opinion piece. Please always do your own due diligence on the company's fundamentals & assess if the Fundamental / Technical analysis opinions are applicable to your trading/investing needs.
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