Palantir Q4 FY12/24 Earnings Review

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Hobbits, Rejoice!

by Alex King, Cestrian Capital Research, Inc

Some stocks, as you know, cannot be traded on fundamentals. They may be stocks issued by actual companies that do actual things but they behave more akin to meme stocks than they do normal stocks. Palantir ($PLTR) is just one of those names.

Here are some reasons the stock should not be hovering around the $100 mark this morning:

Here are some other reasons the stock should not be at this level:

And here’s why none of that matters:

For the record, here’s the summary fundamentals:

But since we’ve already established that none of that matters, let’s get on and look at how the stock behaves on its chart, and where it might be headed from here.