5 Red Flags for Palantir's Future
Last September, I bought a large position in Palantir Technologies (NYSE: PLTR) at just under $10 per share after it went public through a direct listing. The market's interest in the data mining firm was muted at first, but its stock skyrocketed to $45 per share during the Reddit-fueled rally in late January.
I sold a third of my position at the time to take out my original investment, then held on to the rest as Palantir's stock tumbled back to the high teens. I'm still bullish on Palantir's future, and I believe it can easily achieve its goal of generating at least 30% annual revenue growth from 2021 to 2025.
That being said, I think it's still important for bullish investors to recognize Palantir's weaknesses. So today, I'll take a look at five red flags that might limit Palantir's near-term gains.
Source Fool.com
