Palantir: Don't Follow It Off The Cliff, Overpriced Generative AI Story
PLTRPalantir Technologies(PLTR) Seeking Alpha·2024-08-19 21:00
Just_Super/iStock via Getty Images We previously covered Palantir Technologies Inc. (NYSE:PLTR) in May 2024, discussing the normalization in market sentiments surrounding generative AI stocks, despite the SaaS company's robust performance metrics thanks to the successful AIP boot camps. We had upgraded our rating to a Buy then, preferably after a moderate retracement to its previous support levels of $18s for an improved margin of safety. Since then, PLTR has maintained a floor at $20 while rallying by  ...