PLTR stock news, ARK Invest bought $400 Million of Palantir stock! Palantir Technologies stock news!

Let’s discuss PLTR stock and how Palantir Technologies has big news. Cathie Wood’s ARK Invest is buying up PLTR shares left and right where ARK is spending millions of dollars on this stock. However on the other hand Jim Cramer from mad money does not have encouraging news regarding what he thinks of PLTR stock. So with Cramer and Wood not seeing eye to eye on PLTR stock, we will conduct our own analysis by looking at data and looking up what analysts are saying to come to a conclusion whether PLTR stock is a good buy right now. Just recently ARK Invest which is run by Cathie Wood has bought over 1.2 million shares of PLTR to be put into one of their ETFs which has increased by 100% this year. To add to that another $26.5 million dollars of PLTR stock was put into the ARKK ETF which is up around 177% in the last 52 weeks so ARK has clearly been taking advantage of Palantir’s cheap prices lately. While the stock price is going down analysts are actually increasing their prices targets for example the average price target for Palantir technologies stock is $25.83 which still gives us some upside from where the stock sits currently but other analysts from Goldman Sachs recently put a buy rating on PLTR stock with a price target of $34 which gives us much greater upside potential. Many people are anticipating a bounce back in the price of PLTR stock but Jim Cramer is not one of those people. Jim Cramer has this to say about PLTR stock and I quote. Now he does have a point but to me when the price falls below half of its all-time high, on top of it trading below the median analyst price prediction plus it trading below many of its trailing averages then it is a good signal to buy. Even if we look at their financials Palantir’s sales were $322 million but they still had a net loss of around $156 million. So does this mean Cramer is right and Cathie Wood is wrong which means that we should wait to buy PLTR stock? I think Palantir could be a Fortune 500 company based upon their 30% annual growth rate of sales which could last for the next 5 years which would make them a major player in the market. With Palantir’s two-fold growth approach by selling to governments and enterprises, they have mixed earnings, great double-digit sales growth, and good margins that are continually improving. This is very similar to how Amazon, Tesla, and Netflix started out in their industries so again I say that PLTR could be a great long-term hold to is relatively lower risk compared to the other stocks that we talk about in this channel. Surprisingly PLTR had a good earnings report yet the price still fell so as we talk about earlier ARK quickly bought up the cheap shares. On February 16 ARK bought 1.56 million PLTR shares for their ARKW ETF then 2 days later on February 18th ARK bought 5.25 million Palantir shares. Right now ARK has bought up more than $400 million dollars of PLTR stocks and I think ARK knows exactly what they are doing with PLTR. If we recall citron research published a short-seller report on Palantir to lower its price and they gave PLTR stock a $20 price prediction and considering that PLTR stock is close to that price buying it now because it has fallen over 50% from when it was $45 seems like a great long term buying opportunity or at least an opportunity to a get down your price. Overall all both Jim Cramer and Cathie Wood like PLTR stock but Cramer say to wait and Cathie Wood is buying right now. Because Palantir is a long-term play, in my opinion, I think buying now could be beneficial for long-term holders but as always the choice is yours. I only give you information but it is up to you to make a responsible investing decision for yourself. Palantir is a much safer investment than NNDM stock and BNGO stock so there is a lower risk here but when picking individual stocks always put stock losses on and if you are not holding long term feel free to take profits periodically. Remember to like this video right now if you enjoyed the information, subscribe if you are new, comment your thought about PLTR stock down below and I will see you all in the next yt video. #PLTRstock #PalantirTechnologies #Palantirstock FREE MONEY: 1 Free Robinhood stock: https://join.robinhood.com/mitchew1079 Get 2 Free stocks with Webull when you invest $100 on your first deposit https://act.webull.com/k/qfLmgYwwQ2G1... SOURCES: https://247wallst.com/technology-3/20... https://www.cnbc.com/2021/03/23/crame... https://finance.yahoo.com/news/lookin... https://www.fool.com/investing/2021/0... https://investorplace.com/2021/03/plt...