Let’s discuss Palantir’s PLTR stock, Nano Dimension’s NNDM stock, and Sofi Technologies SOFI stock have all dropped substantially in price. We will also go over the newest price predictions and price targets for these stocks, we will perform some stock analysis, and we will go over the latest stock news updates along with some of their approaching catalysts. Then I will address why Nano Dimension specifically can grow into its valuation, why Palantir is a great buy right now even if negative bearish analysts are correct about it and lastly I will go over why Sofi stock could surge in price due to their upcoming catalyst. Go and press the like button right now for more PLTR stock, NNDM stock, and Sofi stock news updates, comment your thoughts about these stocks down below, turn on all subscription notifications to stay informed, and now let’s get right into today’s stories. Despite matching or exceeding growth estimates from analysts from their Q3 earnings report Palantir stock is still falling. Analysts argue over this stocks true worth which does not give investors confidence, for instance, a William Blair analyst does not believe that Palantir can maintain their projected 30% revenue growth rate year over year until 2025 like Palantir’s management predicts, on top of that an RBC capital analyst cut their price target for the stock but luckily a Morgan Stanley analyst actually increased their price target from $22 per share to $24. First I will put my money where my mouth is and buy Palantir stock below the $20 threshold for a long term hold and the reason I feel comfortable doing this is that even if the negative bearish analysts are correct the average price target is around $25 per share which would result in a 20% gain in a single year which would outpace the market by over two-fold. In a nutshell, I would not be surprised if the PLTR stock price fell to $15 per share but even if that happens and bearish analysts are correct we still have great upside to $25 per share in a single year. Now let’s talk about Nano Dimension’s NNDM stock which is a 3D printing company that surged from being worth pennies when I first started to report on it which then surged up to $18 per share but since then it has come all the way back down to less than $5 per share. Who are still in it are waiting for NNDM’s long-term potential to be unlocked but for a company that brought in $3.4 million last year and has a $1.3 billion valuation, it needs to do some growing. This then comes down to if you believe if Nano Dimension can achieve this goal. NNDM is still developing their technology but I also see this stock as a value play of sorts because they have around $1 billion worth of cash or cash equivalents which is rapidly approaching their market cap so their price can be justified simply by their cash reserves. So NNDM stock is not a buy based off of revenues but rather their cash reserves, their ability to take full advantage of the printed circuit board industry, and how they develop their technology which will unlock huge potential if it is done correctly. Sofi is a financial technology company that has an average analyst price target of $25.57 and to me, Sofi is a clear long-term hold. Once they receive their bank charter which will be a giant catalyst Sofi will be able to hold some of its loans on its balance sheet which will grateful improve its chances of reaching profitability sooner. Sofi is entering the cryptocurrency movement for many reasons but one is that it tends to attract the exact target audience that Sofi wants. The best part is that as cryptocurrencies become more mainstream more and more people will be drawn to Sofi. Right now Sofi only offers a custodial cryptocurrency wallet for trading crypto which means that users can not send cryptocurrencies into their Sofi account and Vice versa. Once these cryptocurrency investors are acquired by Sofi technologies Sofi can begin its cross-selling campaign.
#pltr #nndm #sofi
Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice and it should not be taken as investment advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment purposes only.
SOURCES: https://seekingalpha.com/article/4473061-palantir-pltr-stock-low-end-buy-zone
https://www.fool.com/investing/2021/12/03/why-palantir-stock-plummeted-in-november/
https://www.nasdaq.com/articles/nndm%3A-can-nano-dimension-grow-into-its-valuation
https://www.investorsobserver.com/news/stock-update/nano-dimension-ltd-adr-nndm-is-lower-by-2-02-friday-in-premarket-trading
SoFi Technologies May Have a Hidden Catalyst with Widespread Crypto Adoption
