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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