January 25, 2021
Editor’s Note: This article was updated on Jan. 25, 2021, to correct the Citi price target.
With Joe Biden now the 46th U.S. President, what’s next for
Palantir (NYSE:
PLTR) stock? Shares went parabolic after the U.S. elections, as investors bet big that a Biden administration would be a boon for this big data company with deep government ties. But, does this perception that the Biden years will be salad years for PLTR stock match up with reality?
Source: rblfmr / Shutterstock.com
Yes, it’s well established that the new administration will make changes that bode well for Palantir. But, this potential tailwind may be more than reflected in its epic move from around $10.50 per share in early November, to around $25 per share today. At today’s valuation, shares price in possibilities as near-certainties.