The Next Oracle? Expert Predicts A Monster Run To $100
Palantir: The Next Oracle? Expert Predicts A Monster Run To $100
Palantir Technologies Inc (NASDAQ:PLTR) is having a banner year, with its stock surging over 235% in the past year and showing no signs of slowing.
Market strategist Keith Fitz-Gerald believes this is just the beginning, boldly claiming that Palantir could rival Oracle Corp (NYSE:ORCL), Cisco Systems Inc (NASDAQ:CSCO) and SAP SE (NYSE:SAP) — and hit $100 per share sooner than you think.
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Fitz-Gerald, speaking on Fox Business, shared an upgraded outlook for the data analytics powerhouse. Initially forecasting a $100 price target within 3-5 years, he now expects Palantir to hit that milestone by mid-next year. “This thing is a monster,” he said. “Nobody else has got a product like it. It’s meshing data software that makes software work. Every legacy provider right now is in trouble.”
The analyst’s comparisons to industry titans like Oracle and Cisco come as Palantir continues to disrupt with its innovative data solutions.
Fitz-Gerald emphasized the company’s unmatched product offering, suggesting it could outpace traditional providers struggling to adapt to modern data demands.
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The bullish sentiment isn’t just talk.
Chart created using Benzinga Pro
PLTR stock, at $66.05, is flying high above all its major moving averages:
Eight-day SMA: $63.56
20-day SMA: $58.00
50-day SMA: $47.68
200-day SMA: $31.14
These technical signals underscore a strong uptrend, with PLTR’s Moving Average Convergence Divergence (MACD) at 5.51, another indicator of a buying opportunity.
However, investors should note the RSI of 73.03, suggesting the PLTR stock is in overbought territory.
For long-term believers, Palantir’s trajectory could mirror the meteoric rise of companies like Oracle and Cisco during their heydays. With its unique ability to integrate complex data solutions across industries, Palantir is positioned to dominate a market where legacy systems are struggling to keep pace.
Story Continues
If Fitz-Gerald’s prediction holds, Palantir could hit triple digits by next year, but investors might want to buckle up for a wild ride as the stock navigates both technical and market dynamics.
Whether Palantir becomes the next Oracle or carves its own path, one thing is clear: this data giant isn’t slowing down anytime soon.
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