PLTR | Palantir Technologies Inc. Stock Overview (US: NYSE)
Palantir Technologies (PLTR) may be poised to be one of the big winners of the second half of 2022.
Palintir has built their data platforms with government and military customers in mind, they provide the most cyber security, and whoever is in second place is not even close.
They recently got a surprise upgrade from Piper Sandler who sees strength in Palintir’s U.S. government business. With increasing cyber security threat from Russia, Palintir could end up being a winner.
PLTR has been crushed by inflation fears the last several weeks, but it looks to be oversold at these levels, a patient investor may be rewarded.
One advantage companies like PLTR have in a bear market is that they are a “Best of Breed” in their sector. When you are the best in your industry, you tend to be the first one to bounce back, and while it likely won’t happen overnight, PLTR is way too good of a company to be trading at these levels long term.
PLTR is one of the high multiple growth stocks that tend to get beaten up on inflation or recession fears. But they have a highly effective product that the government and military will only become more and more dependent on. An investor with a long term vision can begin buying small amounts or PLTR.
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