History of Palantir Technologies Inc (NASDAQ:PLTR) is having a banner year, with its stock up over 235% over the past year and showing no signs of slowing down.
Market expert Keith Fitz-Gerald believes this is just the beginning, daring to say that Palantir can compete. Oracle Corp (NYSE:ORCL), History of Cisco Systems Inc (NASDAQ: CSCO) and SAP SE (NYSE:SAP) – and hit $100 per share sooner than you think.
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Fitz-Gerald, speaking on Fox Business, shared an elevated view of the data analytics powerhouse. Initially predicting a price of $100 within 3-5 years, now he expects that Palantir will make that event in the middle of next year. “This is a monster,” he said. “No one else has a product like it. This meshing data software makes the software work. Every legacy provider right now is in trouble.”
The analyst’s comparison to industry titans like Oracle and Cisco comes as Palantir continues to make mistakes with its data solutions.
Fitz-Gerald highlighted the company’s unmatched product offering, suggesting it can beat traditional providers who are struggling to adapt to today’s data needs.
What’s happening: The company Arrived Home’s Private Credit Fund’s paid 8.1 %., which provides access to a pool of short-term loans backed by housing with a minimum of $100.
The bullish sentiment is not just talk.
Chart created using Benzinga Pro
PLTR stock, at $66.05, is flying above its major moving averages:
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Eight-day SMA: $63.56
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20-day SMA: $58.00
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50-day SMA: $47.68
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200-day SMA: $31.14
These technical signals confirm a strong uptrend, with PLTR’s Moving Average Convergence Divergence (MACD) at 5.51, another sign of a buying opportunity.
However, investors should note the RSI of 73.03, indicating that PLTR stock is in overbought territory.
For long-term believers, Palantir’s direction may reflect the meteoric rise of companies like Oracle and Cisco during their heyday. With its unique ability to integrate complex data solutions across industries, Palantir is positioned to dominate a market where legacy systems are struggling to keep up.