Palantir: Price slide as an entry opportunity? Risky but promising - financial expert gives assessment.

Palantir: Price slide as an entry opportunity? Risky but promising - financial expert gives assessment.

According to a report by www.boerse-online.de,

Palantir stock, a major player in artificial intelligence, is up about 200 percent in 2023. The company helps its customers analyze and use data and serves both government and commercial customers. Despite the positive performance, the stock suffered a double-digit decline in December amid concerns about possible tensions between Palantir and the US Army over data ownership.

The article points out that Palantir may still be an attractive investment, especially since the company has an impressive customer base and is considered a potential candidate for the S&P 500. In the past, the CFO has expressed optimism about profitable growth and predicted potential GAAP profitability that would qualify the company for inclusion in the S&P 500. This could further strengthen the stock. Additionally, analysts suggest Palantir may turn profitable this year and revenue could rise 16 percent.

The December share price drop could be an opportunity for potential investors to invest in the stock. However, the article points out that investing in Palantir remains relatively risky, particularly given the current challenges with customers and the macroeconomic environment. Analysts have varying opinions on the stock's upside potential, and it is recommended to continue monitoring Palantir's performance.

Overall, the information from the article shows that despite the share price drop in December, Palantir still has potential given its customer base and potential profitability. Nevertheless, it is important to evaluate the investment carefully and take the risks into account.