#1 - Palantir Technologies (NASDAQ:PLTR)
The first stock that cracks this list is Palantir Technologies (NYSE:PLTR) which went public via a direct listing in late 2020. The “big data” company is controversial for a couple of reasons.
First, the company exists in the tech sector and has been affected by the general souring on tech stocks in the first quarter of 2021. And more importantly, investors are cautious because Palantir generates a large portion of its business from government contracts via its Gotham software product.
However, Palantir is working to make inroads in its commercial business via its Foundry software product. Foundry will provide a central operating system for an organizations’ data. According to Palantir this will have applications ranging from health care to manufacturing. To help market Foundry, Palantir has increased its sales force. The company is also increasing its partnerships to expand its distribution channels.
If you were in on Palantir stock when it went public, you’re sitting on a gain of over 150%. However, if you waited until the beginning of 2021, your gain is only about 3%.
About Palantir Technologies
Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.
Read More - Current Price
- $80.55
- Consensus Rating
- Reduce
- Ratings Breakdown
- 2 Buy Ratings, 11 Hold Ratings, 6 Sell Ratings.
- Consensus Price Target
- $41.00 (49.1% Downside)
