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Follow on Google News | ![]() Palantir stocks' zigzag road to successPalantir Technologies is a US software company founded in 2003 that focuses on big data analytics.
Palantir Foundry is a product to support corporate clients, while Gotham was used by the US Government for fraud investigations, counter-terrorism analytics and more. Metropolis, on the other hand, is used to support financial service firms. The company went public through listing on September 2020, with an IPO price of $10, which did not attract much attention that time, trading flat for about two months. This was changed when the company released its quarterly report on November, which was further fanned by a positive buzz for the stock on several social media network, driving the stock to its all-time high of $45 this January which set the year-to-date gains of 65%. This was later reversed by the next quarterly report which reflected losses, along with the broader market sell-off of tech stocks, pulling the stocks down to low $20s, and recording a year-to-date loss of 22%. The stock ended the first half of 2021 with 11.9% gains, but in just a month after that, it recorded 7.10% losses for the year-to-date value. The stock is very volatile, but analysts are very bullish about it after the company was able to sort out its biggest issue which was accessibility. The product, Palantir Foundry, was not able to expand and allow businesses to adopt to it due to accessibility and pricing. They developed Foundry for Builders, allowing newly started companies to access the Foundry platform to allow and support their growth. Due to this, the company is expecting changes on the trend for the PLTR stock especially after the Q3 and Q4 earnings results are out. The Palantir alumni will be granted access to Foundry for Builders first, then gradually allowing early-stage companies to avail the product which operates via subscription model. Get to know more of the latest news in US Stock Market, you may also visit us at Blackwood Investments Limited through our website https://blackwood- End
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