7 Reddit Stocks That Have a Chance to Be Special - 1 of 7

#1 - Palantir Technologies (NYSE:PLTR)

Palantir Technologies logo

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 builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides Palantir Gotham, a software platform for government operatives in the defense and intelligence sectors, which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.Read More 

Current Price: $22.17
Consensus Rating: Hold
Ratings Breakdown: 2 Buy Ratings, 3 Hold Ratings, 4 Sell Ratings.
Consensus Price Target: $20.75 (6.4% Downside)

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