Chances of upcoming intensive pullback are high.
Dynamics since the beginning of the year: -22%
Current level compared to all-time high: -68.4%
Since the beginning of the year, Palantir shares have fallen 22% in the face of a sharp revaluation of tech stocks.
The paper ended yesterday's session at $14.20, about 68% below the all-time high of $45.00 recorded in January 2021. Based on the current value of the shares, the company's market capitalization reaches $28.4 billion.The strong decline in Palantir's stock, which saw the company's market capitalization shrink by two-thirds, seems to us to have created a buying opportunity given the positive outlook for higher revenue growth driven by increased demand for data analytics software.
Palantir's average target price is around $24, which means upside potential of 66% from current levels over the next 12 months.
Dynamics since the beginning of the year: -22%
Current level compared to all-time high: -68.4%
Since the beginning of the year, Palantir shares have fallen 22% in the face of a sharp revaluation of tech stocks.
The paper ended yesterday's session at $14.20, about 68% below the all-time high of $45.00 recorded in January 2021. Based on the current value of the shares, the company's market capitalization reaches $28.4 billion.The strong decline in Palantir's stock, which saw the company's market capitalization shrink by two-thirds, seems to us to have created a buying opportunity given the positive outlook for higher revenue growth driven by increased demand for data analytics software.
Palantir's average target price is around $24, which means upside potential of 66% from current levels over the next 12 months.
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