Long Position on PLTR @ $32.25 on 1/27/2021 (Momentum)

Palantir Technologies Inc. (PLTR) builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations.

It offers Palantir Gotham, a software platform for government operatives in the defense and intelligence sectors, which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.

The company also provides Palantir Foundry, a platform that transforms the ways organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place.

Palantir Technologies Inc reported 3rd Quarter September 2020 earnings of $0.09 per share on revenue of $289.4 million. The consensus earnings estimate was $0.04 per share on revenue of $279.1 million.

The company said it expects fourth quarter revenue of $299.0 million to $301.0 million. The current consensus revenue estimate is $298.20 million for the quarter ending December 31, 2020.

Following a pullback yesterday, this stock should see an increase in share prices as it breaks out of its "bullish flag" formation.

Entry Point: $32.25

Stop Loss: $30.65

Trading Range: $8.90 - $39.58

Target Price: $35.65

Updates

1/27/2021 11:47:22 AM

PLTR closed at $40.00

Position closed on 1/27/2021 at price of $40.00 with a 24.03% gain in 0 days.

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