fxstreet.com 16 Feb, 2021 08:45 am

Palantir Technologies (PLTR)

Palantir Technologies (PLTR)
Palantir (PLTR) Forecast Shares in Palantir have been strong as the company has caught the Reddit revolution trend. Shares in Palantir are up 33% for

Investors have been worrying over how much potentially the founders will want to sell and the effect of the share price.Given the big appreciation in the share price it will certainly be tempting to cash some of the gains in.The shareholding would not be drip-fed into the market thereby impacting the share price.It is this that will likely impact the share price not actual supply into the market.

Given the new contracts announced by PLTR recently, RIO Tinto, IBM, Proctor & Gamble, etc management may have confidence in future share price appreciation.However, the surge in the share price means it would need a very strong set of results to keep the momentum going.

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