Palantir's PLTR Stock Could Make A Move To $20 Soon! Palantir Stock news, price targets, & analysis!

Ladies and gentlemen, gather 'round as we embark on a thrilling journey through the heart-pounding world of finance, where the race for supremacy is being waged with the swiftness of a cheetah on the prowl! Our spotlight today falls on none other than Palantir, the dazzling star of the stock market (NYSE:PLTR), which has been causing quite the stir lately, and I must say, the excitement is palpable! Can you believe it? This stock has gone beyond doubling its value year-to-date, leaving other AI-related companies in the dust. The burning question on every growth investor's mind is whether PLTR is still a golden ticket at its current levels or if we've reached the pinnacle of this heart-stopping rally. But, dear reader, let me share my fervent belief that the company's rosy earnings outlook might just be a tad too rosy, given its track record.

Now, let's dive headfirst into the whirlwind of recent PLTR stock news! Picture this: Palantir is no longer just a military tech powerhouse; it's spreading its wings into the civilian sector! There have been whispers of groundbreaking deals with an asset management firm in Houston and an Italian medical foundation. Wait, there's more! The grand prize on the horizon is a colossal contract from Britain's National Health Service, potentially worth a jaw-dropping $580 million over five glorious years. Can you say "wow"? For those who've been rooting for Palantir as a growth story, this is music to your ears.

But hold on, dear readers, because the plot thickens. While Palantir is far from being penniless, boasting a hefty $2.2 billion in annual revenues, its market cap is an astonishing 15 times that figure. It had its ups and downs, zooming to $35 per share after going public in 2021, only to plummet to $6.40 this year before donning the flashy title of "artificial intelligence" for its database apps. The buzz around generative AI gave it a wild boost until recent interest rate hikes threw a curveball into the mix.

Skeptics, like myself, argue that Palantir is riding a bit too high on its horse, pointing to modest profits and a 13% year-over-year growth rate. According to the folks at Fintel, only 8% of the stock is being shorted, but a whopping 57% of off-exchange trading volume has shorts written all over it. The clouds of uncertainty seem to be gathering, my friends.

And now, fasten your seatbelts, because the headwinds are picking up speed. Palantir's stock, despite its recent rocket-like ascent, remains a far cry from its peak at $39 per share in January 2021. Its revenue growth has been decelerating, with a 24% increase in 2022 and an expected 16% growth in 2023, falling shy of its earlier target of 30% annual revenue growth until 2025. The culprit? Government contract timing and commercial platform hurdles, they say. But fear not, for Palantir is arming itself with new weapons, like an AI Platform, to bring back that heart-pounding growth. It's even tightening its belt and starting a colossal $1 billion buyback plan. Will these measures save the day?

In conclusion, my dear readers, the name of the game is valuation, and it's playing for keeps. Even with its spectacular rally, boasting a price-to-sales ratio that's nearly as high as the heavens at approximately 15 times, the stock is teetering on the edge of perfection. One wrong step, and it could tumble into the abyss of downside risks faster than you can say "stock market." Brace yourselves, because PLTR stock has already taken an 11% hit from its high this year, and the mighty Morgan Stanley (NYSE:MS) has raised the red flag with a downgrade, all due to those nagging valuation concerns. Wall Street analysts are raising their eyebrows in caution, while retail investors are clinging to the hope of momentum. But mark my words, as the momentum loses its sheen, investors in the AI arena will undoubtedly shift their gaze to companies with bulging wallets and ever-growing margins—something Palantir is currently lacking.

Oh, the suspense, the thrill, the rollercoaster ride that is Palantir! Will it be a triumphant tale of meteoric success, or is there a plot twist lurking around the corner? Stay tuned, my friends, for this financial saga is far from over, and the excitement is bound to keep us on the edge of our seats!

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Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice or financial advice and it should not be taken as investment advice or financial advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.

[kaosperez]

Very good video! I believe PALANTIR just got another $30 million dollar deal 👏 in health care