Palantir: Buy The Drop (Technical Analysis)
Summary
- Palantir's shares have dropped after the release of its first quarter report, but the size of these declines seems unwarranted.
- The company reported solid revenues of $634 million, beating analyst expectations, and Palantir has generated net profits during each of the last six quarterly periods.
- Palantir's guidance figures for the second quarter and full-year periods were slightly disappointing, but its strategic approach is well-defined and recent declines in share values could be a buying opportunity.
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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