NEWSLETTER
It was November 2, 2023, and Alex Karp had great news.
“We obtained the most significant profit in the 20 years of history of our company”, the co -founder and CEO of Palantir Technologies (Fungus) He said in his letter to the shareholders.
“With these results, our company is now eligible for its inclusion in the S&P 500, a milestone in which we have been working and we knew it was within reach,” Karp said.
A month later, Stephen Guilfoyle had some news to share.
The veteran merchant had appointed Palantir as his best selection of actions by 2024, instead of Alphabet technological icons (Googl) and Microsoft (MSFT) .
But he didn't stop there.
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A year later, Guilfoyle did something he had never done before: he selected the Denver provider of the Big-Data Analytics software as his selection of shares again by 2025.
“My children and grandchildren will have equity in PLTR,” The The Street Pro said in his column.
He also called Palantir, who joined S&P 500 last year, as his best trade.
The merchant buys Palantir after the stock hit the concerns strongly
Palantir may sound like a strange choice at this time.
The company's shares recently fell after the news that Tesla Tsla CEO Elon Musk and government efficiency department sought to drastically reduce federal expenditure, even in the Department of Defense.
Approximately 50% to 60% of Palantir's income come from government contracts, and most of this business is derived from the United States government, particularly from the Pentagon. Then the company's shares were affected.
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In addition, the Secretary of Defense, Pete Hegseth, told the DOD to produce plans to reduce 8% of the defense budget in each of the next five years.
Jefferies Brent Thill analyst, who maintained a low performance rating in Palantir's actions. Said on March 4 that Karp had sold shares valued at $ 45 million in the previous two weeks after selling more than $ 2 billion in 2024.
Although Karp has sold 21% of its general participation, its current negotiation plan of Rule 10B5-1 allows another 17 million shares to be sold until September 2025 Thill said. The analyst thinks that the company's multiple of profits will contract even more.
On the other hand, Wedbush affirmed a higher performance rating and an objective price of $ 120. The investment firm said on March 4 that “the efficiency approach to the Dixes initiatives could be an important blow to Palantir's tastes during the next year, since its unique software value proposal develops perfectly in this broader topic of Beltway Bajo (President Donald Trump) and Musk.”
Analyst indicates positive developments
On March 5, William Blair improved Palantir to the market performance of a low yield without an objective price, after the “sale of Doge sales” in the shares from $ 125 to $ 84 in the last three weeks.
Palantir's assessment is “still foamy” with a potential risk of more than 40% due to delays in government contracts, but “there have been positive developments,” said the investment firm. Gurufocus nailed the term price profits of the share in approximately 151.
Chris Versace is optimistic about Palantir, since the company's bullpen company added.
“While much has been done on the company's exposure to the federal government, its software is used in 90 industries and the largest global government sector represented 55% of the income last year,” he, “he,” he, “he,” he, “he,” he, “he,” he, “he,” he, “he,” he, “he,” he, “he,” he, “he,” he, “he,” he. ” <a target="_blank" href="https://pro.thestreet.com/portfolio/were-adding-this-polarizing-ai-name-to-the-bullpen”>Said to readers
While these percentages coincided with those of 2023, he added: “The Palantir customer count jumped to 711 that left 2024 of 497 at the end of 2023, almost double compared to the end of 2023”.
Related: Analyst that predicts Palantir Rally updates the objective of the price of the shares
Versace said that he is seeing signs of greater recoil in the “Dege cost reduction efforts”, with the Republicans of the US Senate who press so that Congress codifies the expenses of expenses.
He also said that the recent decision of the Supreme Court not to let Trump hold certain payments to foreign aid organizations is not a good omen for the hopes of the White House to reduce the expense assigned by Congress.
Versace said that the government has waste to reduce and inefficiencies to be highlighted, “but Congress approval on proposed duxes cuts means public voting records, and that increases the chances of Dux cuts smaller than those said above.”
Guilfoyle said in a professional position in Thestreet that he had used recent weakness as an opportunity to buy more Palantir shares on March 6 And he said he could add more depending “on how the commercial session on Thursday (evolved”).
“Everyone knows that PLT is my bigger long position,” Guilfoyle said.
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