Billionaire investment legend Stanley Druckenmiller is quickly becoming one of my favorite big-money managers to follow quarter to quarter.
The "elephant in the room" with Palantir Technologies is a FWD P/E above 200 and a market cap of 100X+ sales, reflecting expectations of accelerated growth. Is the market correct? Palantir's unique position in the AI application layer, proven scalability, and alignment with Western values drive its potential to become a $1 trillion company, justifying its high valuation. Using Microsoft as a benchmark, Palantir needs $90B in revenue, $68B in gross profit, $23B in FCF, and a 40.3% revenue CAGR to be a $ 1 Trillion company.
The three major tech stocks in the US that I am watching today all look a bit mixed, perhaps because of the overall noise and over extension of some of these companies.
Shares of Palantir Technologies Inc. (NASDAQ:PLTR) lost 3.21% over the past five trading sessions, dragging down its year-to-date gain to a still-impressive 81.30%.
In a week that saw Palantir Technologies Inc. NASDAQ: PLTR stock end the week on a sell-off, the company announced a deal that supports the long-term bullish case for Palantir. Specifically, the company signed a 5-year, $100 million contract with the U.S. government to co-develop what it calls a Nuclear Operating System (NOS).
Jim Cramer is a popular television personality and a former hedge fund manager. He has made some interesting stock predictions in the past, and as an anchor on Squawk on the Street and host of Mad Money, he often discusses the impact of tariffs on the stock market and selects stocks that are worth a bet.
Every investor is familiar with one of the most successful and widely followed stories in the market today, particularly in the world of aerospace and defense stocks. However, there is a new stock in the mix that has proven to be potentially just as successful as its leading peer (if not more) due to its underlying technology and prime positioning in the industry.
Shares of Palantir Technologies Inc. (NASDAQ:PLTR) lost 5.71% over the past five trading sessions, dragging down its year-to-date gain to a still-impressive 73.88%.
The data-analytics company was added to the large-cap Russell 1000 index during the latest reconstitution.
After surging to an all-time high of nearly $145, Palantir (NASDAQ: PLTR) shares have sharply retraced, currently trading around $130 following a 10.6% drop in the last trading session.
Palantir (PLTR -9.04%) has already delivered solid returns to patient investors. If you invested $10,000 in the stock at the start of 2024, that investment is already worth $83,000.
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