Army Contract, But There’s Still More Upside
#PLTR LOCK UP PERIOD DATE SOFTWARE#
Looking for reasonably valued software stocks with big room to grow? Check out our theme on Mid-Cap SaaS Stocks A change of -17% or more over twenty-one trading days has a 8% event probability, which has occurred 22 times out of 270 in the last year.Palantir stock declined 17% over the last twenty-one trading days (about one month), compared to the broader market (S&P500) which rose by 3%.A change of -6.3% or more over ten trading days has a 28% event probability, which has occurred 79 times out of 281 in the last year.Palantir stock declined 6.3% over the last ten trading days (two weeks), compared to the broader market (S&P500) which rose by 1.3%.A change of -6.1% or more over five trading days has a 23% event probability, which has occurred 66 times out of 286 in the last year.Palantir stock declined 6.1% over a five-day trading period ending, compared to the broader market (S&P500) which rose 0.3% over the same period.Deals such as these across industries could help to drive growth for Palantir.įive Days: PLTR -6.1%, vs. Dewpoint Therapeutics, a biotech company, indicated that it would leverage Palantir’s technology to discover treatments and cures for challenging diseases, by analyzing lab data and other data sources, including data from the published literature and databases. Separately, Korean behemoth Hyundai Heavy Industries will leverage Palantir’s tools in various areas including shipbuilding and offshore engineering. For example, just over the past two months or so, we’ve seen a couple of interesting deals that validate the broad applications of Palantir’s platform. government and these technologies are becoming increasingly valuable in the commercial space as well, as AI plays a greater role in the economy. The company’s artificial intelligence (AI) software tools are trusted by the U.S. The longer-term opportunity also looks solid.
Sales are on track to rise by around 40% in 2021 (results are likely due in February) and Palantir further sees its revenues growing at levels of over 30% each year between 2021 through 2025. Despite the recent concerns, Palantir’s overall growth rate is likely to remain solid. However, we think that Palantir stock looks like a good pick at its current market price of about $15 per share.
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