Palantir Stock Detailed Analysis And Forecast In 2021 And Beyond

Palantir Technologies Inc. (NYSE: PLTR) develops software solutions for federal government agencies and commercial businesses. Its proprietary Palantir Gotham software is highly coveted in defense and intelligence agencies, owing to its pattern identification from datasets and reports. Palantir Foundry, on the other hand, is a big hit among businesses as it creates a central operating system for data storage, integration, and analysis. 

Palantir - Market Reputation 

It is no secret that Palantir Technologies is a US government favorite, given its widespread use in the federal central systems, particularly defense and law enforcement. For this reason, the company has remained secretive about its activities, despite operating as a publicly-traded company. Moreover, the company’s role in immigration enforcement in the country in 2019 under President Donald Trump called for severe criticism of the company, as many labeled Palantir’s proprietary technologies “unethical”. Renowned NGO Amnesty International issued a warning against PLTR in September 2019 stating “Palantir is contributing to serious human rights violations” following its crackdown on immigrants. 

In order to improve its reputation among investors, Palantir set up shop in Canada in October 2019, headed by former Canadian ambassador for the United States David MacNaughton. However, the company’s Canadian office seems to be on fire as well, as the Canadian government has launched an official probe into MacNaughton’s role in Palantir, as a conflict of interest with his previous governmental job. 

Canada Pension Plan Investment Board (CPPIB), which was the biggest institutional holder of PLTR stocks worth C$244 million, is currently debating whether to hold or sump the shares of the company, following the statement issued by federal democrats. The federal new democrats want CPPIB to close its position in Palantir, after Amnesty International’s report.  

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Disclaimer: All the information in this article - is published in good faith and for general information purpose only. Hashtag Investing does not make any warranties about the completeness, ...

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William K. 3 weeks ago Member's comment

Given the very secretive nature of such a large part of it's operations, how would one find any of the financial statements oor projections believable???