Palantir Is A Buy: Why This Stock Could Go A Lot Higher

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Victor Dergunov
Investing Group Leader

Summary

  • Palantir had a strong run-up last year, but shares have been trading sideways for months now.
  • We are likely witnessing a consolidation phase, after which Palantir should head higher.
  • The company enjoys a prominent market position with its government business, and its corporate operations are also expanding.
  • Palantir has enormous growth potential, and its share price should continue to power higher as we advance.
  • Looking for more investing ideas like this one? Get them exclusively at The Financial Prophet. Learn More »

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Palantir (NASDAQ:PLTR) had a strong run-up in 2020 and early 2021, but lately, the stock has mostly moved sideways. Palantir is a market leader in big data analytics and has significant growth potential and plenty of market

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This article was written by

Victor Dergunov profile picture
Victor Dergunov
50.45K Followers

Victor Dergunov is an independent investor and author with 20 years experience. He preaches diversification and shares investment ideas across all market sectors. Victor aims to help readers build portfolios that perform well in all economic conditions.

He runs the investing group The Financial Prophet where he covers all market sectors and shares strategies for well-diversified investing. Features include: the All-Weather portfolio, trade alerts, technical analysis, daily reports with his latest updates, covered call strategies, and direct access in chat. Learn more.

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.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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