FUNDAMENTAL ANALYSIS
Palantir's 2021 outlook disappoints investors:
Year-over-year revenue growth of greater than 30% (instead of greater than 47% as it's been in 2020)
And for Q1 2021, they expect:
Year-over-year revenue growth of 45%.
Adjusted operating margin of 23%.
For the fourth quarter, Palantir reported an adjusted profit of 6 cents per share, including stock-based compensation. Revenue climbed 40% to $322 million, said the provider of data analytics software to U.S. government agencies. Analysts had projected a 2-cent adjusted profit on revenue of $300.7 million. (Source: INVESTOR'S BUSINESS DAILY)
Besides, Palantir reported a Q4 loss from operations of $156.6 million.
If Palantir benefited most from the covid19 crisis, the next results will tell. I believe the company has many triggers to earn profit, not just covid19.
TECHNICAL ANALYSIS
Palantir has shaped two bullish bat patterns that may indicate an upside trend reversal in the coming weeks from the current level (25). However, there's an important support level at around 21-23 (22.5) that might be touched and in my opinion, it is the best moment to enter. Maximum latent loss would be at around 17.58.
Palantir's 2021 outlook disappoints investors:
Year-over-year revenue growth of greater than 30% (instead of greater than 47% as it's been in 2020)
And for Q1 2021, they expect:
Year-over-year revenue growth of 45%.
Adjusted operating margin of 23%.
For the fourth quarter, Palantir reported an adjusted profit of 6 cents per share, including stock-based compensation. Revenue climbed 40% to $322 million, said the provider of data analytics software to U.S. government agencies. Analysts had projected a 2-cent adjusted profit on revenue of $300.7 million. (Source: INVESTOR'S BUSINESS DAILY)
Besides, Palantir reported a Q4 loss from operations of $156.6 million.
If Palantir benefited most from the covid19 crisis, the next results will tell. I believe the company has many triggers to earn profit, not just covid19.
TECHNICAL ANALYSIS
Palantir has shaped two bullish bat patterns that may indicate an upside trend reversal in the coming weeks from the current level (25). However, there's an important support level at around 21-23 (22.5) that might be touched and in my opinion, it is the best moment to enter. Maximum latent loss would be at around 17.58.