Home > Palantir Technologies Share Price Is in a Bullish Run – Here’s Where to Buy This Stock

Palantir Technologies Share Price Is in a Bullish Run – Here’s Where to Buy This Stock

Palantir Technologies has been in a bullish run recently, increasing more than 22% this past month. Is the bullish run justified? Can it keep its ground in September?

Palantir Technology is one of the few companies with an aggressive growth strategy that could multiply its value in the next few years. Long story short, the company currently lacks competition as it’s a niche software provider and its free cash flow is positive in 2021, the first time in the company’s history of nearly two decades.

The next sections introduce you to some of the reasons why Palantir Technologies is in a bullish run and whether it could be a great buy right now. First, let’s start with where you can buy this stock online.  

How & Where to Buy Palantir Technologies Stock Online

Palantir Technologies (NYSE: PLTR) can be a lucrative opportunity if you are a growth-focused investor or you want to trade its stock to benefit from the recent volatility. These are our top online brokers if you want to trade or invest in this stock right now:

eToro

eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.

Register with eToro instantly

Webull

Financial company driven by technology and offering all-in-one self-directed investment platform that provides excellent user experience.

Register with Webull instantly

What Is Palantir Technologies?

Palantir Technologies comes with two main offerings. It provides data analysis software for governments and has another platform that targets large enterprises looking for data solutions.

Should I Buy Palantir Technologies Today?

The software market is extremely competitive nowadays. However, PLTR is a niche software provider specialised in data pattern identification. This monopolistic position allows PLTR to charge its customers large premiums. For instance, Bloomberg Research indicates that the main three largest customers generate about 30% of its revenues, with an average revenue per customer of $6 million.

Following its Q2 results released on the 12th of August, Palantir’s share price surged as the financial results were better than expected. The total customer count increased by 13% and the commercial revenues coming from U.S. clients increased by 90% YoY.

The stock continues its bullish run in September and may continue its growth story over the years. PLTR teamed up with IBM, which may provide the opportunity to displace the leaders in data analytics (i.e., Oracle). 

Some believe that the company will remain in a bullish run as its software solutions are highly specialised and flexible. For instance, PLTR’s software was used by the government to conduct COVID-19 contact tracing.

Palantir Technologies Price Prediction 2021

Currently trading at $26.64, PLTR is expected to reach a maximum share price of $30 in the next 12 months. 

Tags:
Trade/invest in stocks with just $50
Invest for dividends and get payout on stocks on Ex-Dividend day
Over 11 payment methods, including PayPal
Open my Account

We use cookies to personalise content & ads, provide social media features and offer you a better experience. By continuing to browse the site or clicking "OK, Thanks" you are consenting to the use of cookies on this website.