Palantir is probably one of the best stocks I've ever seen in a very long time due to the fact they have focused on long term growth and improvement and been able to increase their revenue tremendously while earnings are about to turn positive. Just like Tesla, Palantir has been a flat company since its founding in 2005. Tesla shot up when their profits turned positive with substantial growth. Palantir is about to the same. It will be the next stock like Tesla and we will all say Palantir.
(NOW I AM TALKING ABOUT THEIR FINANCIALS NOT EARNINGS PER SHARE PEOPLE) Palantir's quarterly earnings have been tremendous over time and show great signs of growth. In 2nd quarter of 2020, their revenue was 251million with negative earnings of -110million. The fourth quarter of 2020 saw increased revenue to 322million and earnings of -148million (due to cash flow struggles before). The first quarter of 2021 saw even increased revenue even more to 341million with narrowed losses of earnings of only -123 million. When their earnings come up, it will be absolutely insane as these new contracts are going to send the stock even higher. When people realize the profitability of this company and it turns their earnings positive, this stock will shoot.
The bottom line is that they are making crazy amounts of money that is progressing over time. They are signing deals with DataRobot and agencies across the globe that provides database software and technologies. Palantir's cash flow problems are over now, so this stock will float even higher.
Right now Palantir has been hitting resistance levels at around $27-29 a share. Once they break that barrier, the stock will literally go to the moon and move past 45 then 60 then 90 in an instant. This isn't some meme stock I am hyping up, this is literally an amazing company with the best CEO. Like look at his hair. If that doesn't convince you to buy, then I don't know what is.
THIS IS THE MOST UNDERVALUED STOCK I HAVE EVER SEEN! LETS MAKE THIS AS INSANE AS GME AND AMC!
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