With Palantir becoming the "de facto" data solution for many federal agencies, the company can use an incoming wave of government-sourced revenue to compete better with its commercial side, they added. Read more: BANK OF AMERICA: Buy these 11 underowned stocks ahead of their earnings reports because they're the most likely candidates to beat expectations in the weeks ahead The technical complaint in the legal case is about whether a fresh Data Protection Impact. Hancock acted unlawfully over Covid contracts. But the introduction of its Apollo delivery platform should cut the costs of deploying customer-facing platforms and, in turn, shift the company's business toward software sales from services, the analysts said. Palantir: The controversial firm now worth £17bn. Its projects are largely limited to government contracts and commercial enterprises, leaving it with little room to expand. The rosy note helped lift Palantir 4.9% in Monday trading despite the broader market slide.įor now, Palantir is plagued by limited opportunity, according to Morgan Stanley. The analysts also set a $13 price target for Palantir shares, implying a 31% rally over the next 12 months from Monday's close. He details the 5 sectors shaping his long-term investment playbook.īut the stock's low level "underappreciates" Palantir's momentum, government opportunity, customer acquisition, and "rapid margin expansion," the team led by Keith Weiss said. Read more: 'I'm basically going to be long growth': Billionaire investor Chamath Palihapitiya has hauled in a 997% return since 2011. Palantir's addressable market is heavily skewed toward large agencies and companies, which some could view as a limitation. Investors also debate whether the firm has outgrown its consulting origins and can be valued as a true software company. Palantir gives less information on its deals than its competitors do, hindering analysts' ability to gauge its valuation. The underwhelming performance could be a result of unfair discounting, Morgan Stanley said in a note to clients. (NYSE:PLTR) today announced that Shyam Sankar, Chief Operating Officer and Executive Vice President, is scheduled to participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on Wednesday, March 9, 2022, at 4:45 p.m. The stock closed at $9.95 on Monday, below the $10 level Palantir began trading at. DENVER- (BUSINESS WIRE)- Palantir Technologies Inc. ![]() The data-mining firm's shares haven't met investors' lofty hopes in their first month of trading. We will work through any issue that is brought to our attention and ensure that no employee will be disadvantaged," a spokesperson for Shareworks by Morgan Stanley told Business Insider.Morgan Stanley analysts initiated coverage of Palantir shares with an "overweight" rating on Monday, saying the firm is undervalued as investors fail to realize its full potential. At all times our call centers were available to execute trades. "We experienced slowness that may have resulted in delayed logins into our system. Still, it allowed those insiders to sell up to 20% of their shares immediately upon the stock's debut Wednesday morning.īut according to CNBC, some current and former employees couldn't get in on the initial action because Morgan Stanley's Shareworks trading platform, through which they were supposed to be able to sell shares, wasn't functioning properly. While Palantir used a direct listing process (DLP) instead of a traditional initial public offering (IPO), it took a page from the IPO process by setting a "lock-up" period for existing investors such as employees, founders, and venture capitalists to limit some volatility. But some were temporarily unable to do via Morgan Stanley's trading platform, Shareworks, because of a software glitch, CNBC first reported and Shareworks by Morgan Stanley confirmed to Business Insider. Palantir went public on Wednesday, giving existing investors a chance to offload some of their shares.
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