Cathie Wood & Ark Invest's Buys 1,353,667 Shares of Palantir Technologies Inc. (PLTR)
By: Ark Invest Daily | May 7, 2024

• Cathie Wood and Ark Invest's trade activity from today 5/7.





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The. Troublesome issue with Palantir lies in its current valuation metric
Trailing P/E is in triple digits
The forward ratio is in the high single digits
These two ratios are forecasting a future that is way ahead of the current revenue growth
Hype moved the price in the past 12 months

Interesting market reaction. look like 1800s AI gang operation.

$PLTR gaining traction. I think it is possible to break 22 today, and a new HOD is also possible. Lets see.

Buying PLTR May 24 2024 25 Call like crazy. This was pure manipulation. 27.5 - 30 coming soon, IMO.

*Earnings

A 9 percent drop premarket is obviously complete manipulation on a great but a shave less great as presumed.
Don't be fooled. $30 will come.

CORRECTED-UPDATE 3-Palantir raises 2024 forecast on robust AI demand, but falls short of lofty expectations
7:32 PM ET, 05/06/2024 - Reuters
(Corrects the number of analysts polled in paragraph 3 to 17, not four)

By Arsheeya Bajwa

May 6 (Reuters) - Data analytics firm Palantir Technologies raised its annual revenue forecast on Monday, riding on strong demand for its services that help businesses deploy artificial intelligence applications.

However, its shares fell more than 7% in after-hours trading as the raised revenue forecast was below analysts' expectations.

The company, co-founded by billionaire Peter Thiel, raised the mid-point of its expectations for annual revenue to $2.68 billion, which fell short of an average estimate of 17 analysts of $2.71 billion, according to LSEG data.

"(The share reaction was) probably a result of investors expecting a far greater beat and raise versus what Palantir delivered," said Morningstar analyst Malik Ahmed Khan.

Palantir has benefited from the generative AI boom thanks to its artificial intelligence platform (AIP), which, among other uses, tests and debugs code and helps evaluate AI-related scenarios.

"AIP is driving a huge part of both our new customers and growth within existing customers, and it's having a huge impact on our business," chief revenue officer Ryan Taylor told Reuters.

Taylor said businesses were signing "seven-figure deals shortly" after completing its AI boot camps, which give potential clients access to its platform for up to five days and have been credited with driving rapid customer additions.

Palantir reported first-quarter revenue of $634.3 million which beat analyst expectations and its largest quarterly profit, according to a CEO letter.

Much of the focus has been on the company's attempts to diversify its revenue to reduce its reliance on government spending. Palantir works closely with governments, providing software for visualizing army positions, among other things.

Revenue growth in the U.S. commercial business, which accounts for sales to businesses in the country, slowed to 40% year-over-year in the first quarter, compared to 70% in the prior quarter.

This deceleration was never going to be received well, said RBC Capital Markets analyst Rishi Jaluria.

The Denver, Colarado-based company, however, raised its 2024 U.S. commercial revenue forecast to above $661 million from its earlier expectations of about $640 million.

(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Tasim Zahid)

After Hour Shake the tree....see who sells................

Timberrrrr…

Every checkout camera photo at CVS, Lowes, Home Depot is pushed to Palantir.
You’re being watched by Peter Thiel and you don’t care.

Don't invest in PLTR because of my post......... do your research on any stock you are interested in......But PLTR does have a similar characteristic I like....
MSFT didn't make computers, they made them run,
PLTR doesn't make AI CHIPS for COMPUTERS
PLTR helps make AI users friendly for companies that use PLTR software....

I like the sound of an early MSFT investment into PLTR. Now to hold for the long term.

This is like buying MSFT in the early stage of growth.

Palantir Technologies (PLTR) Stock Poised For a Big Move This Week
By: Schaeffer's Investment Research | May 6, 2024

• PLTR received a price-target hike before earnings tonight, and could be in store for more

• Palantir reports earnings tonight and has a history of outsized post-report moves

Palantir Technologies Inc (NYSE:PLTR) stock is up 6.5% to trade at $24.85 at last check, thanks to a price-target hike to $23 from $20 at Citigroup. The bull note comes ahead of the software company's first-quarter earnings report, due out after the market closes today.

PLTR is 43.8% higher in 2024, and is trading at its highest level in over a month today. The shares are not far off their March 4 nearly three-year high of $27.50, and have support in place at their upward-sloping 80-day moving average. Year-over-year, the equity is up 234%.

A big chunk of those gains are attributed to post-earnings bull gaps. Palantir has a volatile history of post-earnings reactions, gapping higher by 30.8% after the February report, but also shedding 10.5% after its August report. Overall, the stock averages a post-earnings move of 17.2%, regardless of direction. This time around, for Tuesday's trading, the options market is pricing in a larger-than-expected post-earnings move of 21.4%.

For a stock with all these healthy gains over various timeframes, the analyst community has been awfully slow to react. Of the 14 brokerages covering PLTR, 11 still maintain "hold" or worse ratings. And considering the consensus 12-month price target of $20.87 is a 15.7% discount from the stock's current perch, another encouraging earnings report could prompt more bull notes this week.

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Pltr share price had an ASCENDING TRIPLE TOP BREAKOUT on Friday 3-May-2024.

We had share price signal of a DOUBLE TOP BREAKOUT on 26-April-2024.

No idea if Cathie Wood follows T/A... Probably she feels the good vibs? GLTA

PS: The Dailies have been in UPTREND for the past 10 sessions. However, the Weeklies have not confirmed the Dailies yet. Hopefully this week it may happen. We shall see.

PLTR 10Q due 5/6
T+1 settlement begins 5/28

Cathie Wood & Ark Invest's Buys 45,453 Shares of Palantir Technologies Inc. (PLTR)
By: Ark Invest Daily | April 30, 2024

• Cathie Wood and Ark Invest's trade activity from today 4/30.



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I appreciate these updates on Cathie Wood. Thanks for posting them.

Cathie Wood & Ark Invest's Buys 203,197 Shares of Palantir Technologies Inc. (PLTR)
By: Ark Invest Daily | April 29, 2024

• Cathie Wood and Ark Invest's trade activity from today 4/29.



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Palantir Technologies stock was rising Friday after a former Bear upgraded shares of the software firm on confidence in growth thanks to artificial intelligence.

Watch for NEWS from BIG PHARMA using AI to speed up DEVELOPMENT of DRUGS and clinicial data platforms.... This will allow customers to more easily manage clinical trial data and help increase the speed and effectiveness of setting studies
If PLTA get a any of the ACTION (They will) we SHOULD go MUCH HIGHER
Good luck......

Parexel and Palantir Expand Collaboration to Accelerate Clinical Data Delivery and Power Clinical Outcomes for Patients
https://newsroom.parexel.com/news-releases/news-release-details/parexel-and-palantir-expand-collaboration-accelerate-clinical

Pltr share price had a DOUBLE TOP BREAKOUT today on 26-Apil-2024.

Even though the Dailies have been in Uptrend for the last 3 sessions, the Weekly has not confirmed this yet.

The Weeklies have been in Downtrend for the last 2 Weeks. Hopefully this changes as well to an Uptrend soon. I can rarely trust where share price is going with Pltr. We shall see. GLTA

Cathie Wood & Ark Invest's Buys 100,334 Shares of Palantir Technologies Inc. (PLTR)
By: Ark Invest Daily | April 26, 2024

• Cathie Wood and Ark Invest's trade activity from today 4/26.



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Cathie Wood & Ark Invest's Buys 45,229 Shares of Palantir Technologies Inc. (PLTR)
By: Ark Invest Daily | April 25, 2024

• Cathie Wood and Ark Invest's trade activity from today 4/25.



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You maybe right......
We will know more after 5/6

Cant go wrong here imo

"That ship has sailed".................IMO
Now we wait for earnings.......on5/6

Entry at 20 looking like a possibility

Buy and HOLD......
That's the Message....
These Prices are at its Lowest it's been in a year.....
It may go lower, but it may turn around after 5l6
Put a Bid in on 5/19 to buy another 500 @ $20.00. Did not fill.

Waiting to see if we get a gap fill and base on the 200 DMA. That's my sense of what will set the stage for the next phase of the rally. Convenient that market conditions are facilitating that.

Who are you talking with?

Interesting yet basic awareness of what you posted adds little to savvy investors who are more informed than most participants who know little about timing for both buying and selling stocks.

Yes, buying stock is known by everybody indiscriminately regardless of value, timing, and knowledge of the most other important aspects of this game requires.

But we are thankful of their participation and toiling efforts.

Learning the ropes could be costly unless one happens to be smart to learn fast a lot about what it takes to cover the whole effort. Discipline, knowing to buy value, money and portfolio management, T/A and F, Cycles of B&B how to listed and read what the market/stock is implying, following the technical signals, timing the buys and sells, and much more.

GLTY

.

You seldom will get in at the LOWS or SELL at the HIGHS.....
If you are not comfortable, the stock-market is not your play
Don't invest more than you can afford to LOSE

Roozyy?

I hope your wishes are granted. That appears to be the hope from an update in the chart of a deteriorating technical picture.

Palantir Tech share price is smugly settled in the mode of DESCENDING TRIPLE BREAKDOWN of 15-April-2024.

The CEO needs to look in the mirror daily, lol.

The shares have been in DOWNTREND in the Dailies since early March!

The Weeklies confirmed the DOWNTREND last week unfortunately.

Given the present challenges and the environment my expectations have shrunk.

However, dreaming is always good and is free no matter the human condition and environment.

Cheers & GLTY

+

Cathie Wood & Ark Invest's Buys 7,103 Shares of Palantir Technologies Inc. (PLTR)
By: Ark Invest Daily | April 11, 2024

• Cathie Wood and Ark Invest's trade activity from today 4/11.



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No doubt

$30 right around the corner. !!

Will Palantir Stock Find Support At 50-Day Line Amid AI Outlook?

https://www.investors.com/news/technology/pltr-stock-buy-now/?src=A00220

Is the Deal Between Palantir Technologies and Oracle a Game Changer?
Danny Vena, The Motley Fool
Mon, Apr 8, 2024, 2:00 PM EDT

One of the most high-profile trends over the past year or so has been the growing adoption of artificial intelligence (AI). The latest advances in this quickly evolving field have created something of an AI gold rush as businesses scramble to determine how best to leverage this nascent technology.

There are a vast and growing number of applications for generative AI, which can create original content, including text, images, and video. It can also summarize data, produce presentations, and streamline time-consuming and mundane tasks, thereby increasing worker productivity. Time is money, so companies are eager to claim their share of the expected windfall.

Now, AI software and data analytics pioneer Palantir Technologies (NYSE: PLTR) and database and cloud computing specialist Oracle (NYSE: ORCL) are joining forces to help bring AI to the masses.
The letters AI emblazoned on a cloud symbol positioned above a circuit board.
Image source: Getty Images.
A pairing of titans

In a press release on Thursday, Palantir and Oracle announced a far-reaching collaboration to combine their AI and cloud expertise to further accelerate the adoption of AI. The duo will "provide secure cloud and AI solutions aiming to power businesses and governments around the world."

The goal of the partnership is to help organizations get the most value out of their data, thanks to the combination of Palantir's "leading AI and decision acceleration platforms," which will leverage Oracle's "distributed cloud and AI infrastructure."

Palantir offers three broad-based data analytics software services. Gotham is the company's original government-centric and defense-oriented data analytics platform. Foundry offers similar services for corporate and enterprise clients, and Metropolis handles banks, hedge funds, and other financial services firms.

As part of the agreement, Palantir will move Foundry workloads to Oracle Cloud. Furthermore, Palantir will make Gotham and Artificial Intelligence Platform (AIP) -- its generative AI offering -- deployable across Oracle's distributed cloud for the first time.

One of the obvious target markets is government customers and enterprise users seeking greater control over their data. The release highlighted Oracle's "air-gapped regions for defense and intelligence customers," and Palantir's work with law enforcement and government intelligence agencies is well documented. Combining Palantir's AI-powered data analytics with Oracle's secure cloud seems like a no-brainer.

A win-win situation.

Both Palantir and Oracle have been attracting attention for their AI efforts in recent months.

Palantir's expansion beyond its original government mandate has served the company well. In the fourth quarter, revenue of $608 million grew 20% year over year, and Palantir generated its fifth consecutive quarterly profit, but that tells just part of the story. While government revenue -- which tends to be lumpy -- grew 11% year over year, commercial revenue increased 32%. This was led by its U.S. commercial segment -- its fastest-growing business -- as revenue soared 70% year over year and is expected to jump at least 40% in 2024.

The catalyst for that growth was AIP. Palantir began offering boot camps to kick-start customer adoption of AI and demand has been off the charts. By working side-by-side with Palantir's engineers, companies can solve real-world and business-specific problems with the help of its generative AI-powered application.

In October, management announced Palantir's intention to complete 500 such boot camps over the coming year. The company has since "blown that goal out of the water," hosting more than 560 boot camps across 465 organizations in just four months.

Oracle has also been attracting attention for its recent successes. In its fiscal 2024 third quarter (ended Feb. 29), revenue of $13.3 billion grew 7% year over year, generating adjusted earnings per share (EPS) of $1.41, up 16%.

It was Oracle's backlog, however, that raised eyebrows. The company's remaining performance obligation (RPO) -- or contractually obligated sales that haven't yet been booked as revenue -- jumped to $80 billion, up 29% year over year to an all-time record.

Furthermore, Oracle's cloud infrastructure revenue increased 52% year over year. This far outpaced the performances of Amazon Web Services, Alphabet's Google Cloud, and Microsoft Azure, which generated growth of 13%, 26%, and 30%, respectively. This suggests Oracle was stealing market share at the expense of the competition. CEO Safra Catz said demand for its AI cloud capabilities "substantially exceeds supply," and expects Oracle's cloud infrastructure operation to remain in a "hypergrowth phase ... for the foreseeable future."
Is the deal a game changer?

One of the biggest benefits of this deal is that Palantir and Oracle will -- jointly and individually -- offer a wide range of complementary cloud and AI services. Oracle Cloud provides "performance, scalability, and flexibility." When combined with Palantir's "leading data and AI platforms," it offers users the best of both worlds and could attract potential customers who might otherwise pass.

Given their growth prospects and the tantalizing AI wild card, both stocks offer compelling opportunities. Oracle is currently selling for 22 times forward earnings, making it a steal. At 70 times forward earnings and 16 times forward sales, Palantir might seem prohibitively expensive, but those metrics fail to factor in its accelerating growth. However, the forward price/earnings-to-growth (PEG) ratio -- which takes that growth into account -- results in a multiple of less than 1, the standard for an undervalued stock.

While the deal might not rise to the level of being a game changer, it does enhance the prospects of two of AI's fastest-rising stars. It will also likely help both companies continue to expand their market share in the fast-growing AI space.
Should you invest $1,000 in Palantir Technologies right now?

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Is the Deal Between Palantir Technologies and Oracle a Game Changer? was originally published by The Motley Fool

https://finance.yahoo.com/news/deal-between-palantir-technologies-oracle-180000463.html

Furthermore, looking at my regular chart, I don't see a pattern of H&S formation.

You are taking the curves in an uptrend itself and flatten it out to make it look as a H&S formation.

The main Weeklies is in an Uptrend. That is lost in a horizontal view. Seeing it on a horizontal axis the relative positions and trends and scale of values is not an equal representation as it is in a horizontal H&S that naturally reflects all in a balanced manner. That is just how I see it.

TrendSpider, interestingly, my chart says LOW POLE REVERSAL today on 4-April-2024. I prefer this one as my choice since it happens to be a positive outcome.

Apparently the two opposing chart patterns are interpreted in opposing viewpoints.

Who will win? We shall see.

I look forward eagerly for the trading session right ahead.

PS: The Dailies have been in Downtrend for the last 5 sessions. However, the Weeklies have been in Uptrend for the past 9 weeks.

Keep an eye on $PLTR here, failed moves can often develop into sharp reversals
By: TrendSpider | April 4, 2024

• Keep an eye on $PLTR here, failed moves can often develop into sharp reversals.



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Palantir saved at the neckline & 50 SMA for now...
By: TrendSpider | April 1, 2024

• Palantir saved at the neckline & 50 SMA for now. $PLTR

If sellers take out this $22/$23 area, a gap test would likely be in order.



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Jim Chanos & Palantir Shorts Are In Trouble! PREDICTIONS
2 days ago..............

Good Article.....Thanks
AIP reminds me of when AMZN started....
AMZN started with SELLING BOOKS to create their COMMERCIAL BASE..........
and Name recognition..........
PLTR is using AIP to create their COMMERCIAL BASE
What PLTR has that AMZN or MSFT didn't have before they became big
was The GOV CONTRACTS,,,,,,,,,,,,,,,,,,,,,,,,,

Cathie Wood Thinks Palantir Could Disrupt Microsoft in Artificial Intelligence (AI). Here's Why I Think She's Right.
Adam Spatacco, The Motley Fool
Sun, Mar 31, 2024, 3:45 AM EDT

Earlier this month, Ark Investment Management CEO Cathie Wood sat down for a podcast conversation hosted by former NBA stars Andre Iguodala and Evan Turner. While Iguodala may be best known for his NBA accolades, the athlete has a prolific career off the court as a start-up investor.

During the podcast, Wood spoke at length about major themes fueling the artificial intelligence (AI) narrative. One of the emerging players in AI is big data analytics company Palantir Technologies (NYSE: PLTR).

Wood has a large position in Palantir through her exchange-traded funds (ETFs). During her conversation, she put forth the idea that Palantir could end up being one of the largest AI companies in the world and even pose a threat to Microsoft (NASDAQ: MSFT).

Here's why I agree with Wood, and how Palantir could become one of the most lucrative investment opportunities in the AI realm.

Palantir's creativity is paying off
Big tech took the spotlight in 2023. Microsoft kicked off the AI revolution with a multibillion-dollar investment in ChatGPT developer OpenAI. Alphabet and Amazon both swiftly followed, with each investing in a competing platform called Anthropic. Moreover, chipmaker Nvidia invested in the world's most valuable privately held software start-up, Databricks.

With so much money flowing into high-profile AI businesses, it was easy for investors to overlook Palantir's moves. Last April, the company launched its fourth software application: the Palantir Artificial Intelligence Platform (AIP).

In an effort to commercialize the product in a low-cost, efficient way, Palantir began hosting immersive seminars called bootcamps. During these events, prospective customers have an opportunity to demo Palantir's various products and identify a use case centered around AI.

I find this lead generation strategy to be quite creative and effective. By showing customer leads exactly how Palantir can help bolster their AI ambitions, the company has experienced an acceleration in client growth.

In 2023, Palantir grew its overall customer base by 35% annually. But more importantly, the company increased its commercial customer count by 44%. This is important as skeptics have expressed doubt that Palantir will ever truly grow beyond its legacy government business and could fail to penetrate commercial enterprises.

https://finance.yahoo.com/news/cathie-wood-thinks-palantir-could-074500631.html

Analyst who correctly forecast Palantir's stock rally updates outlook
By: The Street | March 29, 2024

The artificial intelligence boom has helped many tech stocks, including Palantir Technologies, produce market-beating returns.

While the S&P 500's 10% first-quarter return is nothing to sneeze at, Palantir shares surged 34%. Its shares also substantially outperformed the benchmark index over the past year, returning 172% since March 2023. Meanwhile, the S&P 500 is up about 29%.

Those extraordinary gains likely surprised many investors who were concerned that the Peter Thiel-founded company would struggle because the possible recession and congressional wrangling over the debt ceiling would dent demand.

However, where others saw risk, TheStreet Pro's Stephen Guilfoyle saw an opportunity. He bought shares when they were trading below $10 in April 2023, allowing him to profit handsomely from surging optimism over AI spending.

Given Palantir's shares rocket-ship ride higher and a current price near $23, Guilfoyle has updated his analysis and stock price target.

Palantir's demand driven by AI wave

Guilfoyle's purchase of Palantir stock last year was based on its strong, debt-free balance sheet, improving free cash flow, and a clearer pathway to profit growth.

The highly successful launch of OpenAI's ChatGPT in December 2022 has proven to be a boon for the company, making Guilfoyle's prediction prescient.

Interest in using AI to digest, interpret, and create new insights from siloed data has swelled across most industries, resulting in the most rapid research and development since the Internet Age in the 1990s.

Banks are using AI programs to hedge risks, evaluate loans, and price products. Drugmakers are exploring its use in predicting drug targets and clinical trial outcomes. Manufacturers are evaluating if it can boost production and quality. AI may also help retailers forecast demand, manage inventories, and curb theft.

AI's widespread applications seem boundless, which has led many companies and governments to turn to Palantir's deep expertise in managing and protecting data for help in training and running new AI apps.

Palantir's (PLTR) roots stretch back to helping the U.S. government design systems for counter-terrorism. Its Gotham platform continues to assist governments in those efforts today. It also offers solutions that manage, interpret, and report data across enterprise and cloud networks to large companies too.

Its deep data experience positioned it perfectly to help customers design large language models and other AI solutions using its AI platform (AIP).

"The demand for [Artificial Intelligence Platform] AIP is unlike anything we have seen in the past twenty years," said CEO Alan Karp last summer. "We are currently in discussions with more than three hundred additional enterprises to deploy AIP within their organizations, all of which are searching for an effective and secure means of adapting the latest large language models for use on their internal systems and proprietary data."

Karp's optimism appears to have been well-placed. Palantir's year-over-year sales growth has exceeded 20% in each of the past three quarters, and its earnings per share growth in each of those quarters has been in the double-digit percentages.

Revenue totaled $736 million and earnings per share were 9 cents in the fourth quarter, up 21% and 16% from the previous year.

Wall Street analysts think Palantir's profit growth will continue. The consensus analyst estimate for earnings in 2024 and 2024 is 33 cents and 39 cents, respectively, an increase of 34% and 17%.

Palantir pause may set up another opportunity

Initially, Guilfoyle's Palantir stock price target was $12. However, he bumped that target to $18 last June, $20 last July, and $22 last August.

Shares eclipsed $22 in February, reaching a high of $27.5 in early March. Since then, they've retreated about 16% to $23.

Guilfoyle thinks Palantir's pullback may be creating another upside opportunity for investors.

"Palantir is on sale and I'm buying for future generations," wrote Guilfoyle recently. "Palantir remains a top-15 long-side allocation for me."

The biggest knock against Palantir is its valuation.

The company's shares aren't cheap by most metrics and boast a sky-high price-to-earnings (P/E) ratio, a fact that Guilfoyle concedes.

"The stock trades at 74 times forward-looking earnings (probably a little less now), 25 times sales, and 15 times book," said Guilfoyle.

Tech stocks are known for trading at higher valuations because of their faster growth rates. Still, Palantir's P/E is significantly higher than that of many companies in the sector. For example, Nvidia and Advanced Micro Devices, two other AI stock beneficiaries, have forward P/E ratios of 38 and 56.

Nevertheless, Guilfoyle thinks Palantir's got enough going right for it to deserve a premium valuation. In his words, it has a "fortress-like balance sheet" and substantial operating cash flow.

Operating cash flow exceeded $700 million in the past 12 months, and its current ratio, a measure of its ability to pay short-term liabilities with short-term assets, is 5.5, giving it plenty of financial firepower to take advantage of the AI opportunity.

Guilfoyle believes shares will trade higher since the AI spending trend appears to have multi-year legs. His price target is $27.

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