Palantir - waiting for an entry
Of the crop of new tech IPOs in 2020, Palantir was one of the best performing, soaring at one point to 4 x its listing price.
The overall structure is fairly bullish. If there is a significant downside event in the overall market, it should provide a good entry point.
Prior to its listing it traded on the private market in the range of $4-11, so expect there to be a lot of institutional interest/ support around $10.
The overall structure is fairly bullish. If there is a significant downside event in the overall market, it should provide a good entry point.
Prior to its listing it traded on the private market in the range of $4-11, so expect there to be a lot of institutional interest/ support around $10.
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