Investment advisory suggests buying Palantir shares at this moment.
Ready to dive into some AI action? Here's the lowdown on buying Palantir, the fallen AI stock that's caused a stir in the tech world. After an epic rally last year, giving a 400% boost to its value, it's taken a beating and lost over 30%.时机到了投资坠毁的AI股票Palantir了。在去年的疫情时期,该股价 Х。样Неуocurve。但此后,它缩水了超过 30%。 The rollercoaster ride didn’t stop there. In January, the stock shot up 64% before plummeting in mid-February**. 事情并不简单。在2月中旬,它曾获得 64%的杀手锏,但在那之后直接下跌。
But why has Palantir taken such a hit? Blame it on the Washington Post. They published a memo from the US Department of Defense that mentioned a planned 8% reduction in the defense budget over five years. Given that Palantir heavily relies on government and military clients, investors panicked and dumped the stock. Things got worse when it was revealed that CEO Alex Karp was planning to sell almost ten million of his own shares over the next six months, which sapped confidence even further.
But here’s the thing—Palantir is still one of the leading AI and cybersecurity providers. They help governments and businesses efficiently analyze and use their data with AI. The Artificial Intelligence Platform (AIP), introduced in 2023, is a game-changer in the AI sector.
While some analysts deem the stock overpriced—with a price-to-earnings ratio over 200—others see enormous potential in Palantir. One such optimistic analyst is Mark Schappel of Loop Capital. After meeting Palantir’s CFO David Glazer, he waxed lyrical about the stock on "TipRanks":
“Good times call for quality. Investors should focus on solid players in their respective niches, with strong competitive positions, healthy margins that are growing, and consistent cash flow and robust balance sheets. Palantir ticks all these boxes.**”
Schappel was particularly impressed by a demonstration of the AIP platform. He was floored by its user-friendly interface, modern design, and adaptability, which he believed gave Palantir a decisive competitive edge.
Apart from that, Schappel highlights Palantir’s sales bootcamps strategy. In five-day bootcamps, potential clients are shown how to use Palantir’s AI tools in real-life scenarios, expediting the move from pilot projects to full-scale implementations. Schappel believes this sales approach is extremely effective—so much so that it's been adopted by competitors like Snowflake.
Now, let’s weigh the analysts’ opinions: buy, hold, or sell? Schappel advises buying Palantir stock and has set a price target of $125, suggesting a potential upside of around 45%. Bank of America agrees with this assessment. However, the majority of analysts are holding back, recommending that investors hang on to their shares. The average price target is $94, offering a potential upside of a more modest 9%.
Ultimately, the future of Palantir depends on whether it can meet its ambitious growth targets. Despite the long-term opportunities presented by its strong position in AI and cybersecurity, the stock may be swayed by current uncertainties in the short term.
If you’re an AI enthusiast, you should also check out the Artificial Intelligence Index by BÖRSE ONLINE, which invests in some of the industry’s top players.
Source: Börsenmedien AG (February 27, 2023)
Conflict of Interest Disclosure 公司的主要持股人和出版社的大部分股东Mr. Bernd Förtsch has invested directly and indirectly in the financial instruments and related derivatives mentioned in this publication. He might profit from the potential price movements that the publication could induce.
Conflict of Interest Disclosure The author of the article holds direct positions in the financial instruments mentioned in this publication and might profit from potential price movements caused by the publication.
Conflict of Interest Disclosure: The price of the financial instruments mentioned in this publication relies on an index as the underlying. Börsenmedien AG has developed this index and retains the rights to it. Börsenmedien AG has entered into an agreement with the issuer of these securities, providing the issuer with a license to utilize the index. Börsenmedien AG receives remuneration from the issuer for doing so.
- Despite the recent decline in Palantir's stock-market value, the company remains a leading provider of AI and cybersecurity solutions, particularly for government and business data analysis.
- Mark Schappel, an analyst at Loop Capital, is optimistic about Palantir's future, praising its user-friendly Artificial Intelligence Platform (AIP) and effective sales bootcamps strategy.
- In comparison to other analysts' more moderate price targets for Palantir, Schappel anticipates a significant upside, setting a target of $125, suggesting a potential increase of around 45%.