Shares of Palantir are Making Crazy
Palantir shares (NYSE: PLTR), are up nearly 3% in premarket trading Thursday to maintain a healthy run.
Today's rally was fueled by a Raymond NS: HTMLMD James analyst who began research coverage on Palantir stock and gave it a Strong Buy rating.
Shares of Palantir are Making Crazy
Shares of Palantir are Making Crazy
His price target of $20 per shares reflects the upside potential of almost 100 percent.
In an initiation note, the analyst explained to clients that after falling by 75% from its peak in early 2021.
Shares of Palantir are Making Crazy
the risk/reward ratio was compelling for a business with a 30% rate of growth, gross margin structure in 80% with increasing contribution margins.
Shares of Palantir are Making Crazy
"Unicorn" is not to be confused for highly valued private companies. We see Palantir in this instance as a cultural unicorn almost mythical.
Shares of Palantir are Making Crazy
The cure for his positive thesis about Palantir is a total asset of $120 billion. Palantir has been called a "cultural unicorn".
Shares of Palantir are Making Crazy
Image Source-Market Insider
Analysts also see a strong financial model that is characterized by high contribution margins, fast growth and high gross margin.
Shares of Palantir are Making Crazy
Image Source-NYTIMES
Nio has seen its ( NIO) stock price drop by more than 50% in a year. Investors are worried about Nio's slow growth.
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