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Palantir Technologies Is Within The Optimal Buy Range Now

Aug. 04, 2021 7:10 AM ETPalantir Technologies Inc. (PLTR)59 Comments


  • Palantir recently launched Foundry for Builders, their product targeted at hypergrowth startups, heralded the company's entry into the SMBs space.
  • We think this initiative is pivotal as this clearly demonstrates the potential scalability of the company's business model beyond the government and enterprise space.
  • We also highlight some key metrics for investors to watch closely as the company is due to report Q2's report card on August 12.
Palantir Technologies headquarters campus exterior view in Silicon Valley. - Palo Alto, California, USA - 2019
Michael Vi/iStock Editorial via Getty Images

Investment Thesis

Palantir's (NYSE:PLTR) business model may not be easy for some SaaS investors to understand. The company primarily serves some of the biggest government and commercial customers that many retail investors may unlikely to have worked intimately within their

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of PLTR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (59)

4SustainableStocks profile picture
I think it’s interesting that the street is in fact slightly underweight and especially combined with the fact that on Friday Aug 6 there was unusual bearish sweep style options activity for PLTR. Key numbers here are as follows:

Trade type: CALL
Exp Date: 2022-06-17
Strike price: $40
Volume: 2175
Open Interest: 10297
(Source: Newsedge Equities, Aug. 6, 2021 @ 1:11pm)

This is unusual compared to average volumes and also it is quite a bit “Out of the money”
Does author or anyone else want to have a crack at why traders and street is bearish, while many SA articles are REALLY bullish?
MarineCorps profile picture
Speculate we see $30 or slightly higher after earnings.
JR Research profile picture
@MarineCorps The price action looks well primed to move higher.
Cristi_an profile picture
or how the Karp would say: the optimal sell range:

2021-08-04 20:04:28
PLTR Karp Alexander C. See Remarks S - Sale+OE $22.09 -1,915,887 6,432,258 -23% -$42,326,989
vitosoranno1 profile picture
The upcoming second quarter earnings report, due on August 12th, will contain some startling news and will be the impetus to move PLTR upward -- perhaps into the $30 range.
Long PLTR and looking forward to the upward move.
JR Research profile picture
@vitosoranno1 We are looking forward to the earnings call too!
Thanks for your article. I will keep an eye on those metrics in the earnings presentation. Long PLTR. I've consistently added shares under $25. Wish I had purchased more at $9. We plan to hold long term. I bought aggressively at $19 recently and anything under $20 I will shift money to buy. Have a great day!
JR Research profile picture
@CReardon, You are welcome! Long PLTR
Still up 110% "only" in less then a year, such a loser? Thanks, we'll laid out piece!
depsee profile picture
I haven't seen so many negative comments since everyone, including myself got "Kindred".
There was more positivity in Seadrill as it spun down the toilet bowl.
Im long 😁
No chance of putting ANY funds here. NO FN WAY! Not even at $11!
@letgetcgn Putting 1000 shares in today. If it drops, buying more. Do your research and look out 10 years. The future is obviously data analytics powering AI.
@letgetcgn Why do you bother commenting then? Why not spend time understanding something you might invest in?
Brute80 profile picture
Yes and it’s been in that range since November of last year.
cdgingrich profile picture
"Optimal buy range"???? WTF is that???
JR Research profile picture
@cdgingrich refers to the range where we think offers a great opportunity for investors to add exposure. From $21 to $24.
@cdgingrich did you really not understand what the author meant by optimal buy range?
04 Aug. 2021
@JR Research If it drops to $19 should we hold off until it rises back to $21 to buy?
Yawn ............These everyday articles are becoming boring. Please give it a break.
vitosoranno1 profile picture
Go to another site if you are bored. I find these articles to be informative.
JR Research profile picture
@vitosoranno1 Happy to know that!! Thank you!
@Eminef I don’t think the articles are boring.
RickJensen profile picture
Here's your daily pump of PLTR.
Notice how they all seem to use the same picture. It's almost like they are following a template.....
carxzzx profile picture
@RickJensen, yeah, I'm a long and the same photo is becoming tiresome. No imagination or effort from the authors. It is interesting to take a look at the entire structure where Palantir is located in Denver.

But hey, the interior of the Tel Aviv office is cool!
JR Research profile picture
@RickJensen We have a fixed set of approved stock photos that we can use. It just happened that this looks the most appealing since we don't think the authors coordinated our choices. :)
RickJensen profile picture
@JR Research
Nice to know. But eating cold cereal everyday, gets old. Why don't PLTR authors get approval for pictures of (www.palantir.com/...).
That would actually be worthwhile, since no one seems to know about it.
There is actually very little use of big data in business today. My wife works for a HUUUGE company as a director. She has very little data available to make decisions, so many companies are flying blind doing things like they did in the 90s.
@AbolishtheFed what’s the company? Because your premise of “very little use of big data” doesn’t make sense and is false on many counts and there is actual revenue to support this for many years (look at cloud spend alone)

It may matter depending on industry so it would help if you let us know what company / sector your wife’s employer is in.
@AbolishtheFed There is a world of difference between "very little use" and "not visualizing the use" of data.
@Ghengisahn no comment on the company, but it’s in the healthcare field. But what I see is that there is a very large market for this because it is not being used as widespread as we would think.

There are a surprising number of industries/companies that are flying blind. I’m not talking retail or grocery etc, they have their inventory and operations run very tight. I think some higher margin businesses are behind the curve.

I’m very excited for the Foundry product, it seems to have all the answers.
fturriaf profile picture
great analysis. On SBC, IMHO there is still a chance to increase as the company is hiring massively (which is great), so not confident on EPS to met wall-street expectations this Q. Anyways, I would agree on the overall positive forecast for the company and their business. Thanks for highlighting how absurd is to compare PLTR with other SaaS companies focused on SME space.
JR Research profile picture
@fturriaf Thank you! That's right, PLTR is operating in the space of its own.
For any company with PE~150 a single piece of bad news may cause a sell-off. Being a recent meme stock with huuuuge expectations, I wonder how many investors will sell once PLTR again goes above their buying price...
Is this a good company - probably so, but I don't believe there won't be a better entry point in foreseeable future.
I sold when PLTR was 30+ and am recently long PLTR with 1 stock :) to always keep it in sight
@drunja this comment seems short term, if so stay out. It is a long term play, in time, what you said will play out, then, the horses will run.
For long term, 3 years n onward, now is a buying opportunity.gl
@drunja I sold back in the high 30s and rebought it all back in the 20s. Holding some other nonconviction stock which i am hoping will go up so i can dump them and buy more of PLTR and U.
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