NEWSLETTER
During the past month, the Nasdaq compound has fallen by 11%, with a 4% decrease on March 10, its largest decrease in a single day since September 2022.
The sale of the sale began at the end of February. Some market actors linked the market movement towards uncertainty on the rates of President Donald Trump and his possible effect on the economy.
But Dan Niles, founder and portfolio manager of Niles Investment Management, says that the sale of technology is promoted by income estimates, not tariffs, according to CNBC.
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“They are not tariffs demolishing these technological actions. It is the fact that income estimates for six of the seven largest in (magnificent 7 technological actions) were reduced for the first quarter after informing the fourth quarter, ”he said in CNBC.
Unlike many of his technology partners, Palantir's finances remained resistant.
The Palantir stock took off and then withdrew
Palantir (Fungus) It is known for providing data analytical software promoted by ai to the government and the military of the United States, as well as commercial customers. The action increased by 340% in 2024, fueled by the growing demand for ai software.
In early February, Palantir recorded results of the fourth quarter that exceeded the expectations of Wall Street.
The company reported adjusted profits of 14 cents per action for the quarter, exceeding the estimate of consensus of 11 cents. The income reached $ 828 million, 36% more year after year and exceeding the consensus of $ 776 million. The income of the whole year grew by 29% to $ 2.87 billion.
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Palantir also provided a stronger guide than expected. For the whole year 2025, it predicted sales between $ 3.74 billion and $ 3.76 billion, which exceeded the average estimate of $ 3.52 billion.
“Our initial ideas around the commercialization of large language models have evolved from theory to fact,” said Alex Karp, co -founder and executive director of Palantir.
After the profits, Palantir's shares reached a closing peak of $ 124.62 on February 18. But in recent weeks, it has removed 30% at $ 86.24, affected by the Pentagon Budget cuts, the Karp shares sales plan and the broad correction of the market.
The analyst reduces the price objective of Palantir's shares
Loop Capital Analyst Mark Schappel recently fell its target price in Palantir from $ 141 to $ 125 and reiterated a purchase rating, according to Thefly.com.
LOOP continues to see Palantir as one of the first software leaders in business artificial intelligence, which is in a “turning point” as the small -scale pilot programs move to the production and measure that the cases of use of ai “grow exponentially in all industries,” the investment firm wrote.
After a meeting with the Palantir Management, Loop Capital expressed greater confidence in its investment thesis. However, the company lowered the target price, since the proposed federal spending cuts and the relatively high palantir assessment in the midst of a broader agitation in the market have weighed the shares.
More Palantir
- Analyst that predicts Palantir Rally updates the objective of the price of the shares
- The analyst reviews the objective of Palantir's shares after the fall
- The veteran fund manager sounds alarm in Palantir's actions
Yahoo Finance estimates the term price of multiple shares in almost 158.
Palantir sauce has caught the attention of high profile investors. On March 10, Cathie Wood's ARK funds added 152,000 shares of the company.
The closure of $ 86.24 of Palantir in March represented an 8%gain. The action has increased by 14% in the year to date.
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