Summary
- Palantir Technologies Inc. entered a rare bear market, but it may not be over.
- At a 140x forward earnings multiple, bulls can no longer afford to take it easy.
- Concentration risks on Palantir’s government contracting must be considered, but I’m not too bearish on that for now.
- PLTR is susceptible to a general market decline, as earlier investors cash in on the bubble. Even Ark Invest took the opportunity to take some risks off.
- I argue why, if you have not joined the PLTR stock bandwagon yet, you shouldn’t attempt to bet on this bubble now.
- I am JR research, an opportunistic investor who identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. I run the investing group Ultimate Growth Investing.
Investors in high-flying AI company Palantir Technologies Inc. (NASDAQ:PLTR) saw its wings clipped recently as it dropped into an unlikely bear market. Yet, the stock is still up almost 300% as I write this
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JR Research is an opportunistic investor who identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. He tends to avoid overhyped and overvalued stocks while capitalizing on battered stocks with significant upside recovery possibilities. He runs the investing group Ultimate Growth Investing, which specializes in identifying high-potential opportunities across various sectors. The group is designed for aggressive investors seeking to capitalize on high-growth opportunities, and investors looking for growth opportunities at a reasonable price. Learn more. Take advantage of my expertise and join the Ultimate Growth Investing community today. Benefit from my market insights, investment recommendations, and in-depth analyses to enhance your portfolio and navigate the investing landscape with confidence. Learn more about how Ultimate Growth Investing can help you today.
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