104% GAIN ON AI SOFTWARE STOCK PLTR – RAISING THE TARGET ZONE
By Nigam Arora & Dr. Natasha Arora
AI software stock PLTR is long from $20.15. The stock is trading at $41.22 as of this writing.
Defense
In the defense sector, the need for AI is immense. PLTR has established itself as a leader.
Commercial Traction
PLTR has been trying to expand beyond defense. PLTR is starting to gain reasonable traction in the commercial sectors.
Valuation
At this price, PLTR is way overvalued. However, valuation is only one of the parameters that are used to make decisions.
Technicals
Technically, the stock is breaking out at this time.
There is a group of investors who do not understand valuations and often do not even understand what the stock does, but they buy based on breakouts using traditional technical analysis. … Please click here or the title below to read more.