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Palantir Technologies Inc.

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Earnings Expectation for 2/5: $PLTRPLTR For its upcoming earnings report on February 5, Palantir Technologies (PLTR) is expected to announce operating earnings of $187 million, translating to 8 cents per share, with a revenue forecast of $603 million​​. This aligns closely with another source which anticipates earnings of 8 cents per share on a slightly lower revenue estimate of $602.41 million​​. The anticipation surrounding these earnings has contributed to a notable increase in the stock's price, demonstrating investor optimism and interest in the company's performance and future prospects.
NYSE:PLTR
by WallSt007
Strong technical potential for up to 60% advance PLTR was a true market leader back in 2020, but in brutal bear market of 2021-2022 the price was devastated almost by 90% of decline. While price still is far bellow its all time highs and thus has substantial overhead supply, my technical analysis shows substantial potential for at least one more wave higher in 2023. Thesis : until price respects and holds its Sep'23 lows 13.6, I expect price to form continue forming the right side and handle of the cup, following by the break-out to 23-28 ideal resistance zone.
NYSE:PLTRLong
by artemfedorov
3
Palantir and Coles Supermarkets Forge Strategic PartnershipPalantir Technologies Inc. (NYSE: NYSE:PLTR ), a global leader in AI systems, has announced a transformative 3-year partnership with Coles Supermarkets Australia Pty Ltd (ASX: COL), a prominent Australian supermarket and retail giant. The collaboration aims to revolutionize Coles' workforce strategy and analytics by leveraging Palantir's cutting-edge platforms, including the Artificial Intelligence Platform (AIP). Unveiling the Partnership: The partnership signals a strategic shift for Coles as it seeks to enhance operational excellence and redefine its end-to-end workforce strategy and integrated supply chain functions. By integrating Palantir's platforms into its store operations across 840 supermarkets, Coles aims to streamline decision-making processes, optimize workforce planning, and improve the overall customer and team member experience. Palantir's Role in Workforce Transformation: Palantir's platforms ( NYSE:PLTR ), particularly the Foundry platform, will play a pivotal role in reshaping Coles' approach to workforce management. The suite of workforce tools configured on Palantir will analyze a vast amount of data, comprising over 10 billion rows, including store details, team member information, shifts, and allocations. This comprehensive analysis aims to provide real-time insights, enabling Store and Department Managers to make informed decisions that optimize costs and improve both customer and team member satisfaction. Harnessing the Power of Artificial Intelligence: The partnership emphasizes Coles' commitment to harnessing the power of AI to drive digital transformation at scale. Coles plans to utilize Palantir's ( NYSE:PLTR ) Advanced Analytics 'Smarter Forecast' to enhance workforce planning and shift efficiency dynamically. The integration of AI into the retail ecosystem will empower front-line teams to respond more effectively to ever-changing trading conditions and customer needs. The Foundry Platform and Retail Ecosystem: Palantir's ( NYSE:PLTR ) Foundry platform will serve as the backbone of this innovative collaboration, bringing together legacy data systems and machine learning into a shared end-to-end view of Coles' retail ecosystem. This inclusive approach encompasses Bakery Production Planning tools for in-store bakeries and Ocado Fulfilment Centres, showcasing the adaptability and versatility of Palantir's solutions. Coles' Vision for the Future: Matt Swindells, Chief Operating & Sustainability Officer at Coles, expressed excitement about the partnership and its potential to redefine workforce management. He highlighted the capability of Palantir's Foundry platform to provide a suite of tools utilizing AI to empower front-line teams. Coles envisions a future where departments are optimally resourced, ensuring the best return on workforce spend and driving superior customer outcomes in-store. Global Impact and Retail Industry Growth: Ashwin Rajan, Head of Commercial for Australia at Palantir ( NYSE:PLTR ), emphasized the global significance of the partnership and its contribution to Palantir's growing presence in the retail industry. The collaboration with Coles showcases Palantir's ability to be integral to core operations in a challenging retail environment, enabling digital transformation on a large scale. Conclusion: The Palantir-Coles partnership marks a significant milestone in the evolution of workforce management, demonstrating how AI and data analytics can reshape traditional retail practices. As the collaboration unfolds over the next three years, it is poised to set new standards for operational efficiency, cost optimization, and customer satisfaction in the retail industry.
NYSE:PLTRLong
by DEXWireNews
PLTR Has Reached Key Upside Levels: Tighten StopsPrimary Chart : Palantir Technologies Inc. NYSE:PLTR on a daily time frame with key Fibonacci Levels drawn as well as support, resistance, the 21-day EMA, and a critical VWAP from the bear-market lows of December 2022 Palantir Technologies Inc. NYSE:PLTR , once a tech darling of the 2020-2021 bull market in equities, has achieved a substantial retracement now of its vicious 2021-2022 bear-market decline. PLTR has been a popular stock ever since going public via a direct public offering, the same type of registered share offering used by NYSE:SPOT and Slack Technologies, LLC, which is now owned by Salesforce. PLTR provides data-analysis and AI technologies to large government agencies, including defense agencies and branches of the military, as well as large corporations. Despite periods of consolidation—especially from August 1, 2023, to November 1, 2023, PLTR has been in a primary-degree uptrend since its bear market low on December 27, 2022. The uptrend has been mostly strong and supported by the volume-weighted average price anchored to the bear-market low (green), which is shown on the Primary Chart above. Price has also run into a major long-term Fibonacci level at $20.74. This level is also shown on the Primary Chart in gold. Using a logarithmic scale, this Fibonacci level at $20.74 is a 61.8% retracement of the all-time high to the December 2022 low. Above this level suggests more upside. Below this level suggests either (i) consolidation, or (ii) resumption of the downtrend (if key long-term support levels break decisively). When plotted on a linear chart, PLTR has also reached (and stalled at) a critical Fibonacci retracement of its entire bear-market decline. This .382 Fibonacci retracement at $20.85 is often where bull flags or bear flags consolidate within a given trend. Some might view this level as a decisive level for the bbear case given that 38.2% of the bear-market decline has been retraced, and therefore, rising above this level would suggest the uptrend has further to climb (e.g., $25.46 at the 50% retracement shown in green below). So this level at $20.74 / $20.85 (whether viewed as a .618 Fibonacci retracement or a .382 Fibonacci retracement) is crucial to monitor. Supplementary Chart A This post argues that the primary uptrend looks as though it has become extended. Does this mean the high has been reached for the this particular uptrend? It's not wise to call the end of a primary trend until technical confirmation has occurred. Picking a long-term high is nearly impossible. The negative divergences on weekly and daily time frames are shown in the following charts: Supplementary Chart B Supplementary Chart C Supplementary Chart D Supplementary Chart E Supplementary Chart F So momentum has definitely slowed in this AI / tech / data-analysis name, and negative (bearish) divergences have arisen. At a minimum, this could signal a period of consolidation lies ahead in the first half (1H) of 2024. The supplementary charts show the divergences one should watch carefully. This may provide a reason for bullish position traders and investors to tighten stops. And if key levels snap decisively, such as the $16.36 level or the August 2023 supports at $13.68 or the VWAP (green) from December 2022, then watch for a retest or break of lows.
Editors' picks
NYSE:PLTR
by SquishTrade
24
A reversal on the weekly will in turn provide an entry longThe current downtrend on PLTR has recently been diminishing as bears have been losing selling momentum as the price has been in a consolidation phase for the last couple of weeks since crashing from a high of 21 and losing over 20% in stock valuation since it hit a peak of 21.85 during the week of NOV 2023, which sparked a selloff as numerous insiders began to offload shares of their stock around that price. If you were to switch over to the daily and four hour timeframe there has been a shift or pivot in price when it had bottomed around 15.50 and 16.50. Since hitting a low of 16s numerous times but successfully being bought around that price range. As we approach earnings release in early FEBUARY the slow accumulation of shares at the current price range above 16.50 to as high as 16.80 is a good sign. It has failed to break low 17s for some time but the expectation of an earnings beat and along with the electronic tech sector and tech sector as a whole receiving boost to their own valuations. The idea of AI being a dominating factor within the Artificial intelligence space is yet to end. As we near the expectation of this company of join the S&P it will be interesting to see the results at the end of this year. Currently the price has failed to fall below 14 before the last two earnings and currently has held its value above 15USD. We are currently back on trend to the upside if support from buyers continue to prop up the price of PLTR prior to earnings release which in turn could catapult it further if the earnings beat analyst expectations and regular traders flock into the good news to come. 2024-2025 should be a turnaround for this space. The macd an signal line have crossed and the RSI is below 50 which could spark a rally The monthly candle with enough momentum at the current price before this months end of JANUARY can in fact reverse into a green bodied bullish candle leading into an upside from a technical perspective prior to FEB earnings release. The two consecutive weekly green candles at a support of 16.10 was fantastic to see as the buyers have stepped into this price range.
NYSE:PLTRLong
by nickso833
Palantir: Reverse Gear and next targets 🚴📉Analyzing Palantir Technologies from its count starting in December, 2022, we've seen the development of a 5-wave cycle, concluding with the overarching Wave (1). Currently in a Wave (2) correction, the complexity lies in an overshooting flat. A closer look reveals the start with a downward A using an overshooting flat, followed by a WXY towards an ABC correction for the overshooting Wave B. Now, a five-part correction downwards is expected for Wave 5/C/(2). Anticipated to fall between 50% and 78.6%, it must be below the Wave A, given the overshooting nature of Wave B. Consequently, our crucial buying zone is situated between $12.50 and $8.75. 🚀
NYSE:PLTRShort
by freeguy_by_wmc
I'm Bullish. Here's WhyHi Traders, PLTR is oversold on the 2HR, 4HR, and daily charts and has nearly completed a corrective wave. This corrective wave is denoted by the yellow ABC pattern (also known as a Zig Zag pattern) in Elliot Wave analysis. The Wave Trend indicator is extremely oversold since the signal is far below the green boundary as shown on the chart. I anticipate PLTR will close the small gap around the $14.96-$15.94 area, which is also a BULLISH demand zone and a trend support zone. I've decided to use this area as an entry zone. Once price is in this area, consider a bullish position targeting $17. If PLTR closes above $17, target $18.64 based on harmonic pattern analysis, which currently indicates a bullish Gartley. Here's my bullish case, strictly using Technical Analysis: Harmonics PLTR is showing three bullish harmonic patterns (Gartley, Black Swan, and Anti-Nen Star). I'd like to focus on the gartley pattern, which statistically has a 75% likelihood in reaching T1 ($18.66). In the chart below, you can also see the oversold RSI at a value of 28.74 Price Action There is a bearish order block around the $14.75 as denoted in the chart below. Bearish traders sold PLTR back in NOV 23, but PLTR didn't decline further in price. Instead, it gapped up, which indicates Bearish traders exhausted their selling power and will likely be eager to close their positions by buying PLTR at this price point, thereby constituting a bullish demand zone. Trends Trend resistance is $16.98 with trend support at $14.40 as denoted by the trend lines on the chart below. The 200 period moving average (yellow line) is $14.80, which coincides with trend line support, gap analysis, and price action order blocks. I consider this strong support for now. The 9 period (purple line) 21 period (blue line) moving averages act as resistance (for now) and are $16.74 and $17.31 respectively. Both coincide with trend resistance at $16.98. The chart also shows positive divergence on the VMMACD and MACD indicators. Trading Plan I trade options, and while I do own several hundred shares of PLTR, I generate income by selling CALL and PUT options based on the volatility (i.e. price swings) of PLTR. Since I anticipate PLTR is nearing a LOW, I will likely sell several $14 or $15 PUTs option with a 45 DTE (Date Till Expiration) to collect premium. When PLTR reaches my upside targets, I will sell COVERED CALL options (maybe $18 or $19 strikes) to collect premium, because I know that these upside targets act as supply zones (i.e resistance) and price may decline from these areas. Happy Trading!
NYSE:PLTR
by chiefwils0n
4
PLTR- Downside Risk Remains-$15Palantir has seen a steady decline after having breached the $20 level, late last year in 2023. Prices are down more than 3% YTD. 20 (D) & 50 (D) EMA crossover- Short-Term TGT: $15 200 (D) EMA We can expect a bounce from the $15, failure of this level will bring back the next main support @ $13.5. Prices will need to regain control above the 100 (D) EMA @ $17 before moving higher. Overly optimistic market expectations of a 150bps cut in 2024, meanwhile the Federal Reserve's outlook of a 75bps cut.
NYSE:PLTR
by SUNRAY11