5 Reddit Stocks That Are Too Cheap To Ignore

3. Palantir Technologies Inc. (NYSE:PLTR)

Number of Hedge Fund Holders: 35

Share Price as of November 22: $7.19

Palantir Technologies Inc. (NYSE:PLTR) is an information technology company based in Denver, Colorado. It builds and deploys software platforms for the intelligence community in the US.

On November 8, Brian Gesuale, an analyst at Raymond James, reiterated a Strong Buy rating on Palantir Technologies Inc. (NYSE:PLTR).

Palantir Technologies Inc. (NYSE:PLTR) has a target of $4 billion in revenue by 2025, and the company is on track to deliver annual revenue growth of 23% for this year. The company’s government segment has grown by 26% year-over-year as of this November, and it has surpassed the $1 billion revenue mark as well. This is in light of geopolitical uncertainty leading government agencies to expand their contracts with Palantir Technologies Inc. (NYSE:PLTR), to the latter’s benefit.

Our hedge fund data shows 35 hedge funds long Palantir Technologies Inc. (NYSE:PLTR) in the third quarter. Their total stake value was $431.9 million.

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