Palantir looks interesting for two reasons.

One, it’s slowly pivoting from overextensions on RSI, Williams’ %R, and Full Stochastics.  Two, it’s gaining momentum on the Venezuela story. 

Venezuela and other troubling geopolitical issues are being met with higher demand for defense and AI software. Considering PLTR has strong ties to the U.S. government and defense agencies, PLTR could easily benefit as the government increases spending on AI platforms and data analytics.

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In addition, analysts at Truist just initiated a buy rating on PLTR, citing its AI strength. The firm also “expects the data analytics software maker to ‘significantly increase capital returns over the long term’ for Palantir stock,” as noted by Investors.com. The firm has a buy rating and a $223 price target on PLTR at the moment.Last trading at $180.62, we’d like to see PLTR race back to $210 again shortly.

Sincerely,

Ian Cooper