Palantir (#PALANTIR)

Palantir (#PALANTIR) weekly special report based On 1 Lot Calculation:

GLOBAL TECHNOLOGY INDUSTRY:

• THE TECHNOLOGY INDUSTRY IS CURRENTLY WORTH ~$9.36T: According to the most recent reports, the global technology industry is worth approximately $9.36 trillion. The global technology sector includes companies that design, manufacture, or distribute computers, computer equipment, software and scientific instruments. Technology facilitates consumer and business interaction, enabling efficient economic activity between the two.
• MARKET POTENTIAL: THE TECHNOLOGY INDUSTRY IS EXPECTED TO GROW TO $13.09T DOLLARS BY 2026: Analysts are forecasting, that at the current rate of compounded annual growth of 8.8%, the technology industry could reach $13.09T in value by 2026.

US SOFTWARE INDUSTRY

• THE US SOFTWARE INDUSTRY: The U.S software industry was valued at $583.47B in 2022. The market is expected to grow at a cumulative annual growth rate of 11.5% until 2030, where it is expected to be valued at ~$1.38T.
• PALANTIR IN THE SOFTWARE INDUSTRY: While companies like Microsoft, Google and Alibaba are only now starting to utilize Artificial Intelligence (AI) for data management, Palantir has been applying AI since its inception. According to the International Data Corporation, Palantir was Ranked the No.1 Artificial Intelligence Software Platform in terms of Market Share and Revenue for 2021.
• PALANTIR AND THE US GOVERNMENT: Palantir develops data fusion and intelligence analysis software, with the company providing most of its service to government entities. The company holds contracts with the National Security Agency (NSA) and the Central Intelligence Agency (CIA) amongst other government institutions.

EVENTS AND ANALYSIS

• Palantir is a software development company that provides both analytical and cybersecurity solutions for both government and private entities. Palantir is currently an important contractor for government organizations, and has been touted to provide a central operating system for most of the U.S’s defense programs.
• EVENT: Q2 EARNINGS REPORT (EXPECTED AUGUST 8TH, 2023): Analysts are estimating that Palantir will report Revenue at $530.7m, which would be a 12% increase Year-on-Year. Net Income is set to print $11.8m which would be an increase of $191.1m over the -$179.3m reported in Q2 2022, indicating strong growth.
• PALANTIR’S CUSTOMER COUNT HAS GROWN 64% IN THE LAST TWO YEARS, HIGHLIGHTING HIGH DEMAND FOR THEIR PRODUCTS: Palantir has grown its customer base significantly in the last two years, indicating strong interest in the company’s products. Palantir’s value in contracts increased by 60% between Q1 2022 to Q1 2023, reinforcing the company’s ability to attract new customers.
• PALANTIR LAUNCHES ITS ARTIFICIAL INTELLIGENCE PLATFORM (AIP) IS SET TO INCREASE PALANTIR’S REVENUE: Palantir has launched its Artificial Intelligence Platform, which can be applied in both the business and defense space. AIP is expected to deliver an additional revenue stream to Palantir on top of its already existing products on offer.
• STOCK PRICE ACTION: THE STOCK HAS HAD A DOWNWARD CORRECTION OF 86.84% FROM IT'S ALL- TIME HIGH OF $45. Palantir was last trading around $16.30, and If a full recovery follows recent all- time highs, the stock could see an upside of around ~176%. However, the price could go lower.

Palantir, July 14, 2023
Current Price:16.40

Example of calculation based on weekly trend direction for 1 Lot¹

1. 1.00 lot is equivalent of 5 000 units
2. Calculations for exchange rate used as of 14:30h(GMT+1) 14/07/2023
   Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient Manager regarding their use.

• You may wish to consider closing your position in profit, even if it is lower than suggested one
• Trailing stop technique can protect the profit – Ask your Senior Account ManagerClient Manager for more detail