Palantir: Rally Isn't Over Yet (Rating Upgrade)
Portfolio Pulse from
Palantir's stock has surged 65.88% since October 2024 due to strong earnings and revenue growth. Despite a high forward P/E ratio, its valuation is reasonable compared to peers. Key support is at $40.90, with potential targets near $72.

November 18, 2024 | 2:15 pm
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POSITIVE IMPACT
Palantir's stock has increased significantly due to strong earnings and revenue growth, with potential for further gains despite a high P/E ratio.
Palantir's stock has shown strong performance due to exceeding earnings and revenue expectations. The high P/E ratio is offset by a reasonable valuation compared to peers, suggesting potential for further price increases. Technical analysis supports this with key support and target levels.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100