Michael Vi/iStock Editorial via Getty Images
Summary
- Since my last report on PLTR, Palantir’s stock has surged by ~35% to $37 per share, catalyzed by multiple partnership announcements, AIPCon event, and inclusion into the S&P 500.
- Despite Palantir’s robust business momentum, its valuation is detached from financial realities, as seen through a reverse DCF model in this note.
- Insiders are selling aggressively, and I am trimming again. Read on to learn why!
- We are in an asset bubble, and I can help you navigate it profitably. At The Quantamental Investor, we pursue bold, active investing with proactive risk management Join Now
Introduction
In early August, I downgraded Palantir Technologies Inc. (NYSE:PLTR) to a tactical “Sell” rating after yet another post-ER pop:
Your investing journey is unique, and so are your investment goals and risk tolerance levels. This is precisely why we designed our investing group – “The Quantamental Investor” – to help you build a robust investing operation that can fulfill (and exceed) your long-term financial goals.
At TQI, we are pursuing bold, active investing with proactive risk management to navigate this highly uncertain macroeconomic environment. Join our investing community and take control of your financial future today.
READ FULL ARTICLE HERE!
