The Latest Breaking News from PLTR

The S&P 500 is getting three new members this month but investors need to do their own due diligence.

There has been buzz about Palantir, a notable AI software play, joining the S&P 500 throughout 2024.

With Palantir already soaring double-digits after a standout Q2 report, how high can this stock fly?

With AI advancing rapidly, these two stocks present significant upside potential in the tech sector.

Futures added to a new market rally attempt thanks to Bank of Japan comments. Nvidia partner Super Micro was a big earnings loser.

Palantir raised its revenue guidance and expects strong free cash flow this year. Its high FCF margins imply that the stock could be at least 20% undervalued here. Shorting OTM puts is a good way to play this.

Palantir stock has delivered market-beating returns to shareholders in the last 12 months. However, its steep valuation suggests the tech stock might trail the broader markets if sentiment turns bearish.

Despite Palantir's impressive 66% surge this year, Mizuho downgraded the stock to 'Underperform' due to concerns over high valuation and limited earnings visibility. With mixed analyst ratings and the Q2 earnings report approaching, investors are advised to tread carefully and prepare for potential volatility.

Palantir stock could still be cheap here, despite its rise over the past two months ever since releasing its quarterly results. It's projected to make significant free cash flow and FCF margins over the next year.