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Palantir Technologies has seen significant insider selling, with 35.6 million shares sold valued at $1.87 billion over the past ninety days, while insiders now hold 12.93% of the stock. Institutional investors have increased their stakes, with State Street Corp boosting its position by 96.4%. Analysts have mixed ratings on the stock, with an average target price of $41.00, while UBS Group initiated coverage with a "neutral" rating and an $80.00 price target, indicating potential upside.
Palantir Technologies Inc. saw a 3% stock increase following UBS's initiation of coverage with a Neutral rating and an $80 price target, highlighting strong revenue growth projections for 2025/2026. This uptick coincided with an extended $400.7 million partnership with the U.S. Army, reinforcing Palantir's role in military data analytics. Despite positive forecasts, UBS noted concerns over the company's high valuation, trading at 49 times revenue and 124 times free cash flow based on 2025 estimates.
Palantir Technologies Inc. saw a 3% stock increase following UBS's initiation of coverage with a Neutral rating and an $80 price target, highlighting strong revenue growth projections for 2025/2026. This uptick coincided with an extended $400.7 million partnership with the U.S. Army, reinforcing Palantir's role in military data analytics. Despite positive forecasts, UBS noted concerns over the company's high valuation, trading at 49 times revenue and 124 times free cash flow based on 2025 estimates.
Palantir Technologies Inc. saw a 3% stock increase following UBS's initiation of coverage with a Neutral rating and an $80 price target, highlighting strong revenue growth projections for 2025/2026. This uptick coincided with an extended $400.7 million partnership with the U.S. Army, reinforcing investor confidence in Palantir's government contracts despite concerns over its high valuation.
Palantir Technologies Inc. shares rose 3% following UBS's "Neutral" rating and a new price target of $80, alongside a $400.7 million contract extension with the U.S. Army. UBS analyst Karl Keirstead highlighted strong revenue growth forecasts for 2025/2026, although he expressed caution over the company's high valuation metrics. The Army contract reinforces Palantir's role in military data analytics, boosting investor confidence in its future prospects.
The S&P 500 and Nasdaq Composite reached new highs, while the Dow faced its eighth consecutive loss as investors await the Federal Open Market Committee's interest rate decision. Despite a positive trend in new highs, breadth data indicates underlying market weakness, with more decliners than advancers. Nvidia's stock correction continues, raising concerns about future sales, yet analysts remain optimistic about tech stocks' growth driven by the AI Revolution.
Super Micro Computer's stock fell nearly 5% amid concerns of potential delisting from the Nasdaq, following a series of financial reporting issues and the resignation of its accounting firm, Ernst & Young. The company is seeking to raise capital through equity and debt to stabilize its finances. Despite recent declines, the stock is still up about 23% this year.
The Dow Jones Industrial Average rose 0.1% as markets anticipated a Federal Reserve meeting, while Super Micro Computer plummeted 10% after being removed from the Nasdaq 100. Notable stocks included Palantir, MicroStrategy, and Axon, with earnings reports from Darden, Nike, and FedEx expected this week.
Wall Street closed mixed on December 16, 2024, with the Dow Jones Industrial Average down 0.2%, the Nasdaq Composite up 0.1%, and the S&P 500 virtually unchanged. Investors are optimistic about a potential 25-basis-point rate cut from the Fed's upcoming meeting, following high inflation numbers. Technology stocks showed strength, with Marvell Technology and Palantir Technologies rising 2.1% and 3.9%, respectively.
MicroStrategy has acquired 15,350 BTC for approximately $1.5 billion, marking its sixth consecutive week of purchases, and increasing its total holdings to 439,000 BTC valued at $45 billion. This acquisition, funded by selling 3.8 million shares, comes ahead of the company's inclusion in the Nasdaq-100 index, which is expected to enhance its financial flexibility for future Bitcoin investments. With a year-to-date yield of 72.4%, MicroStrategy aims to reach its goal of accumulating $42 billion in Bitcoin.
Palantir Technologies Inc.
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