PLTR STOCK NEWS: know this before EARNINGS! Palantir stock price targets with pltr stock analysis!

Let’s discuss Palantir Technologies PLTR stock. We will discuss why an institution has recently added Palantir stock to their assets and why Cathie Wood of Ark Invest has been buying more. After that, we will discuss new PLTR stock price targets and Palantir Technologies stock price predictions by analysts along with why Palantir can surge in price after their approaching earnings report. Then lastly we will discuss why Palantir’s free cash flow is so important and why Palantir could sustain themselves for up to 9 years without profits but luckily for us, they will turn profitable way before that is even needed. Go and press the like button right for more stock market news updates, comment your PLTR stock price predictions down below, turn on all subscription notifications to stay informed, and now let’s make you some free money with Webull. Recently The Swiss National Bank has started a position in PLTR stock which just adds to Palantir’s strong institutional backing which includes Ark Invest who has increased their investment in PLTR stock by over 60% in the latest quarter. Out of approximately 171 companies that Ark Invest owns Palantir is ranked by weight as number 23 which is extremely good considering that PLTR is new to the market compared to other stocks that Cathie Wood endorses. The PLTR stock has been consolidating lately but luckily the upcoming earnings report on August 12 can provide us with a big enough catalyst to cause the PLTR stock price to rally. After Palantir’s first-quarter earnings report the stock rose by 7.4% and we could see a repeat of this however the main price target we should focus on is $33.59 which is what the author of this article thinks is Palantir’s true value. Currently, analysts have a high revenue growth rate for Palantir which spans from 29.4% to 35.6% in most cases but these are conservative estimates. The main problem for many analysts is Palantir’s forward price to earnings ratio which has reached triple digits and this could negatively impact investor sentiment towards PLTR stock which can cause investors to sell thus lowering the stock price. Some analysts even think that PLTR stock could fall down to $9 share however while this is plausible I think it is highly unlikely for the following reasons. First off, Palantir’s revenue growth was 49% year over year and the revenue growth rate for the second quarter is projected to be 43% which would equate to $360 million. Also, the adjusted operating margin is fantastic at an estimated 23%. For the full year of 2021 Palantir’s adjusted free cash flow can be over $150 million dollars thanks to its many government and commercial contracts. With that being said Wall Street analysts are still not very bullish on PLTR stock, for example, TipRanks has an average Palantir price target of $22.33 but if earnings somehow disappoint which I don’t think they will PLTR could fall to a great buying price. However, if Palantir continues to win government contracts while infiltrating the commercial sector we could see Palantir start to rally again. In the upcoming earnings report, we want to pay attention to two main things, the first is their revenue growth and the second is their free cash flow margin. Analysts project that total revenue for 2022 will be $1.92 billion which is an upgrade from the previous forecast. If we apply a 44.3% margin which was their margin from last quarter then free cash flow could rise to $850.2 by the end of 2022.

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Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice and it should not be taken as investment advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment purposes only.

SOURCES: https://www.fxstreet.com/news/pltr-news-palantir-technologies-falls-to-close-the-week-reversing-its-recent-trend-202108091103

https://investorplace.com/2021/08/pltr-stock-is-worth-at-least-57-percent-more-at-4-00-based-on-its-free-cash-flow/

https://investorplace.com/2021/08/pltr-stock-wonderful-company-inflated-price/

https://investorplace.com/2021/08/pltr-stock-stuck-trading-range-heres-how-it-could-go-higher/

https://www.benzinga.com/trading-ideas/long-ideas/21/08/22424430/palantir-may-be-on-the-verge-of-a-breakout-after-earnings

https://finance.yahoo.com/news/investors-given-palantir-technologies-nyse-154431599.html

https://cathiesark.com/ark-funds-combined/complete-holdings

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