Palantir Stock’s Fog of War Creates an Aggressive Buying Opportunity

Within the financial publication ecosystem, no shortage exists regarding contrarian bullish takes on Palantir Technologies (PLTR). Basically, the premise is that PLTR stock is weak — specifically, nearly 27% down on a year-to-date basis. Not surprisingly, the security has “earned” a 100% Strong Sell rating by the Barchart Technical Opinion indicator. However, because of the artificial intelligence narrative, the big data juggernaut offers a comeback opportunity.

Undergirding this argument are two basic presuppositions: Palantir is a relevant enterprise (and will continue to be relevant for the foreseeable future) and PLTR stock — like many other popular securities — exhibits ebb-and-flow dynamics.