Stock Market Summary and 2022 Forecast

Motley Fool

Will Palantir Technologies Stock help you become a millionaire?

Palantir Technologies (NYSE: PLTR) was launched in September 2020 for $ 10 per share. Here, 16 months later, a data analysis specialist is trading at $ 13 per share, with a 30% profit. While trying to get more into the crowded private sector market, much of Palantir’s business comes from government contracts, so data analytics companies have what they need to make millionaires from today’s investors. Let’s see if it is. Founded in 2004 by venture capitalist Peter Thiel, Palantir is a gloomy, secretive organization that once counted (and still does) the FBI, CIA, NSA, and other government agencies as customers. Until the first three-quarters of 2021, they still account for 59% of total revenue of $ 1.1 billion.