Palantir Proves Bears Wrong (Rating Downgrade)
PLTRPalantir Technologies(PLTR) Seeking Alpha·2024-09-11 01:44
davit85/iStock via Getty Images Thesis Summary Palantir Technologies Inc. (NYSE:PLTR) rallied over 14% on Monday after it was added to the S&P 500 Index (SP500). The stock is up over 30% in the last month, in stark contrast to many other SaaS and AI companies. Palantir has taken it upon itself to prove to investors that AI can be profitable, and therefore so can Palantir. The recent rally in Palantir is well justified, but is the stock getting ahead of itself? Based on fundamentals and technicals, we ar ...