Must Politicians Finally Trade Palantir Stock?

Wednesday, 11 September 2024, 13:26

Palantir stock remains untouched by politicians, but this could change soon. As the big data analytics firm may join the S&P 500 index, interest could spike. Will the political landscape shift for PLTR stock? Only time will tell.
Finbold
Must Politicians Finally Trade Palantir Stock?

Palantir's Political Stock Trading Dilemma

Despite a vibrant political landscape where many are actively trading stocks, Palantir (NYSE: PLTR) remains absent from their portfolios. This situation might shift as PLTR is on track to potentially join the S&P 500 index, prompting speculations about increased interest from politicians.

Understanding the Current Landscape

Research indicates that no U.S. politician has directly purchased Palantir stock, with Ro Khanna being the only exception, claiming his child trades it, not him. This absence of political trading is noteworthy, given the increasing buzz around PLTR stock's potential inclusion in a prestigious index.

  • Palantir’s market cap: Approximately $68 billion, far exceeding the $18 billion requirement.
  • Public float: More than 50% of total shares outstanding.
  • Liquidity & earnings: Strong liquidity and consistently positive earnings.

Palantir's Future: Stock Price & Impact

Recently, Bank of America analyst Mariana Pérez Mora boosted her price target for PLTR stock from $30 to $50, emphasizing the underappreciated potential of the company. Palantir's performance over recent months shows a healthy upward trajectory, making it more appealing for future investments.

As the landscape evolves, if PLTR shares do gain inclusion in the S&P 500, we may witness a shift in the political stance toward investing in Palantir stock. Track developments closely, as sentiment can impact market reactions.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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