Palantir Technologies: Will the Company Soar?
February 1, 2022
Palantir is an intelware company that specializes in search technology with consulting services layered on top. According to Seeking Alpha, Palantir might not do well in 2022: “Palantir Stock: Bullish, But Downward Pressure On Price.”
Palantir’s stock has dropped considerably in the past six months. People who purchased stocker before October 2020 are doing all right, but November 2020 buyers lost their money. Palantir is projected to have growth an that appears to be the only bright spot at the moment.
The stock market is experiencing inflation and it is suspected to last longer than six months. Value stocks will benefit the most in this market, while growth stocks, like Palantir, will suffer. Macroeconomic factors will impact growth stocks. Palantir might not be doing too well, but it is doing better than it was last year.
Also there is more positive news:
“What’s especially good is that PLTR continues to “weave” itself into very large organizations. Obviously there are the military partners, which most investors know about. But PLTR is getting closer with commercial partners, left, right, and center. For example, IBM (NYSE:IBM), Amazon (NASDAQ:AMZN) and Rio Tinto (NYSE:RIO).
Quite importantly, this news isn’t just flowing from PLTR press releases. Sure, some of the distribution is fluff, hype and related PR. However, what gets me excited is that these tie-ups are showing in presentations, case studies, earnings reports, and much more. Again, PLTR is becoming a critical part of the fabric, not just simple player, or dashboard provider.
Third, PLTR regularly provides real-world updates, useful research, plus case studies. This is a strong positive for hiring, and keeping the talent pool aware of PLTR, but it’s also good for designers and developers in other companies that could be doing business with PLTR.
Palantir is definitely going to see upheavals in 2022, but search and intelware technology has always been a challenging sell when repositioned for business use cases.
Whitney Grace, February 1, 2022
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