🚨 Palantir Stock: Game OVER! (This is CRAZY) #pltr #palantir #pltrstockprediction

Summary

In this video, SC from Mest discusses Palantir Technologies' stock performance, highlighting its approach to an all-time high at over $32 per share. The company has shown significant growth since December 2022, with a robust balance sheet and potential. The video delves into Palantir's cost bases, institutional investments, and recent contracts, such as the Army Titan prototype. It also addresses the AI bubble debate, valuation concerns, and the company's future growth prospects, suggesting a target price of over $80 per share, contingent on continued profitability and institutional interest.

Takeaways

• 📈 Palantir Technologies (PALER) is approaching an all-time high, currently trading just over $32 a share, with significant momentum since December 2022.
• 💹 The company has shown consistent growth, turning profitable in the last quarter of 2022 and generating over $134 million in net profit for the second quarter of 2024.
• 💼 Palantir has a strong balance sheet and is attracting institutional investors, with the number of institutional holders around 1,200, indicating growing interest since the company's profitability increase.
• 🏦 Notable institutional investors such as Norbank, BlackRock, and Citadel Advisors have made significant purchases in the second quarter of 2024, while others like Renaissance Technologies have reduced their holdings.
• 🤖 Palantir's Chairman, Peter Thiel, compares the current AI revolution to the internet boom of 1999, suggesting a potential bubble but also emphasizing the long-term impact of AI on various industries.
• 📊 The company's valuation is considered high, with a forward earnings multiple of over 92 times and a sales multiple of over 31 times on a trailing basis, indicating potentially expensive stock.
• 📈 Despite high valuation, Palantir is expected to have a growth rate of 275% in 2024, which could justify its current valuation if sustained over time.
• 💰 The company recently won a $174 million contract for the Army Titan next-gen intelligence hub, which could be a significant catalyst for future growth.
• 🚀 There is speculation about Palantir being added to the S&P 500, which could provide a further boost to the stock's momentum.
• 📉 While there is optimism, the video also cautions about the risks associated with growth investing, especially considering the high valuation and the potential for multiple compression.
• 📚 The presenter suggests a fair value for Palantir in the range of $18 to $20, and plans to dollar-cost average into the stock at these levels.

Q & A

What is the current share price of Palantir Technologies mentioned in the video?

The current share price of Palantir Technologies mentioned in the video is just over $32.

What is the all-time high share price for Palantir Technologies?

The all-time high share price for Palantir Technologies is just over $44, almost $45.

How much has Palantir's stock price increased since December 2022?

Palantir's stock price has increased by 49% since December 2022.

What was the net profit for Palantir in the second quarter of 2024?

The net profit for Palantir in the second quarter of 2024 was over $134 million.

What is the position cost distribution for Palantir investors as mentioned in the video?

The position cost distribution shows that 98-99% of Palantir investors are currently in the green and profitable.

What is the average cost for all Palantir shareholders?

The average cost for all Palantir shareholders is just over $25.74.

How many institutional holders does Palantir have according to the video?

According to the video, Palantir has about 1,200 institutional holders.

Which institutions made significant purchases in Palantir in the second quarter of 2024?

Significant purchases were made by Norbank, BlackRock, De Shaw, and Citadel Advisors.

What is the potential future target price for Palantir if it continues to grow its bottom line profit by over 50% and trades at a 50 times P multiple?

The potential future target price for Palantir in this scenario is over $80 per share.

What is the Army Titan prototype contract that Palantir won, and what does it involve?

Palantir won a $174 million contract from the U.S. Army for the Titan next-gen intelligence Hub, which involves data fusion, AI and machine learning for rapid data analysis, sensor to shooter acceleration, and situational awareness for battlefield environments.

What is the potential catalyst for Palantir mentioned by the Twitter handle go carp?

The potential catalyst mentioned by go carp is the possibility of Palantir being added to the S&P 500, which could drive more momentum for the stock.

What is the potential total return for Palantir if it reaches the mentioned future target price of $80 per share?

The potential total return for Palantir if it reaches the future target price of $80 per share is over 145%.