Top 4 Stocks About to Reach Their 52-Week High

A 52-week high is a technical indicator used by some of the world's top traders and investors to determine the current and future value of a stock. In this report we reveal today's top 4 stocks about to reach their 52-week highs.

By clicking the link above you will automatically opt-in to receive emails from FinStrategist

Government Surveillance Contractor Palantir's AI Tactics Under Microscope By Wall Street Analysts: Must 'Demonstrate' Growth To Justify Valuation

Chris Katje
May 07, 2024

Software and data analytics company Palantir Technologies (NYSE:PLTR) reported first-quarter financial results after market close Monday.

Analysts size up the first-quarter earnings beat and what's next for the company.

The Palantir Analysts: Goldman Sachs analyst Gabriela Borges has a Neutral rating and raised the price target from $13 to $14.

Mizuho analyst Gregg Moskowitz has a Neutral rating and $21 price target.

Related Link: Palantir Stock Is Falling Tuesday: What’s Going On?

Goldman Sachs on Palantir: The company's Bootcamp interactive workshop could be in the early stages of conversion, according to Borges.

"We believe investors will focus on the sustainability of US Commercial growth to underwrite whether Palantir can maintain or accelerate 20%+ total revenue growth over the medium term," Borges said.

The analyst said Palantir beat revenue estimates from analysts and raised its full-year revenue and operating income guidance.

"We continue to view Palantir as uniquely positioned to leverage its core data stitching competencies into enterprises that are looking to deploy AI use cases."

The analyst said over 915 organizations have participated in AI boot camps to date, with 136 deals closed in the first quarter.

"We look to gauge to what extent Palantir can consistently convert bootcamps into bookings and revenue as we believe this go to market is still in the early stages of being formalized."

Mizuho on Palantir: The company's artificial intelligence platform showed encouraging signs, Moskowitz said.

The analyst said the first-quarter financial report was solid with "healthy revenue upside."

"The rebound in Government was a pleasant surprise, although the Commercial beat coming entirely from strategic commercial contracts was not," Moskowitz said.

The analyst said the strong report and raised guidance "could help alleviate potential investor concerns."

"We believe PLTR needs to consistently demonstrate stronger execution and growth in order to justify a higher valuation."

The analyst said Palantir showed strong momentum for its AI Platform, with high demand coming from U.S. enterprises.

"Mgmt also reiterated that it is seeing exceptional interest in its AIP bootcamps, which are helping PLTR meaningfully compress sales cycles as new customers are landing and expanding at an accelerating rate."

The analyst's $21 price target is based on an enterprise value divided by sales multiple of 18.5x for 2024 estimates and 15.5x for 2025 estimates. Moskowitz said the premium multiple to other enterprise software companies is based on Palantir's "strong strategic positioning with large customers and the potential for accelerated growth in future years."

PLTR Price Action: Palantir shares are down 14% to $21.65 on Tuesday, versus a 52-week trading range of $8.66 to $27.50. Palantir shares are up 180% over the last year.

Read Next: Wedbush’s Dan Ives Smells ‘Golden Buying Opportunity’ In Palantir’s Pullback After Q1 Earnings As He Lauds ‘Jalen-Brunson-Like’ Performance

Photo: World Economic Forum on Flickr 

Continue Reading...

Popular

Mortgage rates ease for second straight week, leaving average rate on a 30-year home loan at 6.95%

LOS ANGELES (AP) — Mortgage rates eased again this week, though the latest pullback leaves the average rate on a 30-year home loan at close to 7%, where it's been much of this year.

Microsoft Is Betting Big on AI, Outpacing Rivals with New Strategy

Satya Nadella, CEO of Microsoft, bet on AI future by partnering with OpenAI and investing in startups. Analysts see Microsoft as top public cloud leader by 2032.

The No. 1 Crypto of 2024 (Trading for Less Than 10 Cents) - Ad

25X Predicted For THIS Crypto -- Starting on June 24th, this tiny 3-cent crypto just partnered with one of the biggest companies in the world... Amazon. And one team of crypto experts has identified it as the most promising crypto of 2024. You can see all of the details surrounding the No. 1 Crypto of 2024 here.

As CEOs focus on stopping corporate tax hikes, Biden's team makes case to them on global alliances

WASHINGTON (AP) — President Joe Biden's chief of staff argued to an influential group of CEOs Thursday that the Democratic incumbent's emphasis on global alliances would help their businesses, even as the group rolls out an effort to preserve tax cuts that former President Donald Trump signed into law.

The 7th Trillion Dollar Company? - Ad

There are six American companies worth over $1 trillion. Could there be a seventh soon? This company signed a massive deal with Apple until 2040 and is also involved with Nvidia, Google, and Samsung. Could this be the next trillion-dollar company? A top stock expertpicker thinks so.

Top 2 Utilities Stocks That May Rocket Higher In June

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

Elon's New A.I. Device is About to Shock the World - Ad

Using this device you see... Elon Musk just tested a new type of A.I. that according to Wired Magazine will usher in... "The next step in human evolution."

Elon Musk Introduces Private Likes To Protect Users, But People Want To Know About The Rampant Adult Content On X

Elon Musk's social media platform X, formerly Twitter, is introducing a feature to keep likes private, aiming to protect users from potential backlash for their online activity.

General Motors Reveals $6B Stock Buyback - What's Going On?

General Motors announces a $6 billion share repurchase plan, aiming to boost shareholder value amidst positive financial performance.

Buy This Sub-$5 Play on His Final Masterpiece - Ad

I just issued my latest prediction on how this billionaire is about to shock the world with what I believe will be his final masterpiece. Once he flips the switch... Which could happen as early as mid-2024... I believe it could send this sub-$5 play skyrocketing in the coming months.

Trump's Niece Says Insane To Pardon 'Convicted Criminal Who's Trying To Destroy America': 'Absolutely Terrible Idea'

Donald Trump's niece Mary Trump recently slammed the idea of pardoning the ex-president after he was found guilty in the first of his four criminal trials.

June 24th - The Biggest Crypto Event in History - Ad

According to the man who called every major market top and bottom for the last 29 years... A single event triggering on June 24th will send the crypto market soaring. But what's more exciting... is that this event could send a small sector of the crypto market soaring 5X, 25X, and even 100X higher in just days.

GameStop-Themed Memecoin Spikes Again On Roaring Kitty's 'The Dark Knight' Meme Post

A new social post by controversial trader Keith Gill, known by his social media name Roaring Kitty, has injected fresh volatility into GameStop (CRYPTO: GME) memecoin. 

What's Going On With Novavax Stock?

Novavax, Inc. shares are trading higher Wednesday, and the stock is up by more than 300% over the past month. Here's a look at what's going on.

One Billionaire's Genius Plan to Save the US Dollar From Collapse? - Ad

If you're holding any US dollars, you need to see what this tech titan is up to now... This could be the biggest change to our financial system since the creation of the Federal Reserve in 1913. Hurry... He has said he could flip the switch "as early as mid 2024."

5 Wall Street Legends Just Bought This One Stock - Ad

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

AES' Kuihelani Facility: Biggest Solar Plant In Hawaii Flips the Switch on Clean Energy

The AES Corporation's AES Hawaii launched the Kuihelani Solar-plus-Storage facility, generating 60MW of renewable energy and reducing Maui's reliance on fossil fuels.

MAJOR BUY SIGNAL: Move Fast, Washington/Pelosi/Mill... - Ad

His system has found stocks that soared 1,174%, 2,123%, and 11,422%. But one investment he just uncovered in Washington D.C. could be his biggest discovery yet. It involves President Biden, Nancy Pelosi, trillions of dollars -- and the biggest economic shift since 1958.

Boil-water advisory lifted in Atlanta after water system problems

ATLANTA (AP) — Residents in Atlanta no longer must boil water before drinking it, officials said Thursday, six days after a west of downtown affected service and spurred the advisory.

Younger Generations Are Accelerating The Demise Of Mutual Funds

Mutual fund decline continues as ETF ownership rises, driven by lower costs and personalized solutions. Advisors must adapt to meet investor needs.

Exposed: 3 Cent Crypto to Explode June 24th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Community health centers' new crisis: The need for backup power

HEALDSBURG, Calif. (AP) — The 2017 , which killed 22 people and destroyed 5,600 buildings, was already a stressful time at Alliance Medical Center’s clinic here, as workers who picked grapes in the nearby vineyards streamed into the nonprofit community health center with burns, symptoms of smoke inhalation, and other crises.

Elliott Management Reportedly Builds $2B Stake In Southwest Airlines, Plans To Push For Change

Elliott Investment Management, an activist investor, has built a nearly $2 billion stake in Southwest Airlines, and is set to advocate for changes to enhance the airline's underperforming shares.

4 Cryptos Set to Outperform Bitcoin in 2024 - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Toyota's Certification Crisis Extends Beyond Japan, Could Impact EU Operations

Toyota Motor Corp. faces severe implications worldwide after discrepancies in vehicle certifications breach United Nations standards, impacting operations across 62 countries including the EU.

NIO Plans Organizational Changes At Onvo Sub-brand: What's Going On?

NIO reportedly unveils organizational restructuring, including the rebranding of strategic units, under its Onvo sub-brand, aiming for business and organizational advancement.

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.

An investment firm has taken a $1.9 billion stake in Southwest Airlines and wants to oust the CEO

DALLAS (AP) — Activist shareholder Elliott Investment Management has bought a $1.9 billion stake in Southwest Airlines and is seeking to force out the CEO of the airline, which has struggled with operational and financial problems.

A Dark Economic Force Is Coming... - Ad

This force is more powerful than the Fed, the IMF, the World Bank, and BlackRock combined -- and it's coming for your money in 2024. Take these three steps to protect your wealth now.

Is Tesla Done Downsizing? New Job Openings In Sales, Vehicle Service, Energy Storage Signal Growth Strategy Shift

The company now has openings for field service technicians for its energy storage segment as well as an opening for a Megapack sales engineer based out of Palo Alto.

Production starts at Senegal's first offshore oil project

DAKAR, Senegal (AP) — Production has started at Senegal's first offshore oil project, the Australian group Woodside Energy said Tuesday, as the country's new government eyes higher profits from natural resources.

Amazon's Betting Big on This Unknown AI Company - Ad

Amazon has just made a stunning $144 million investment in one small AI company. Why? Because this under-the-radar firm holds the key to unleashing the full potential of next-gen AI... Its technology is crucial for the most advanced AI chips, including Nvidia's latest breakthrough.

In Wyoming, Bill Gates moves ahead with nuclear project aimed at revolutionizing power generation

Bill Gates and his energy company are starting construction at their Wyoming site for a next-generation nuclear power plant he believes will “revolutionize” how power is generated.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service