The Truth About Palantir's New $823 Million Government Contract
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👏👏👏 Big shout out to our growing list of Patreons. For those of you want (and can) support our channel, here is how you can help: https://www.patreon.com/user?u=13016082
I have a long position in PLTR.
You can now book a live 1X1 call with me via Clarity here: https://clarity.fm/tomnashv2
DISCLAIMER: All of Tom's trades, strategies, and news coverage are based on his own opinions alone and are only done for entertainment purposes. If you are watching To'ms videos, please Don't take any of this content as guidance for buying or selling any type of investment or security. Tom Nash is not a financial advisor and anything said on this YouTube channel should not be seen as financial advice. Tom is merely sharing his own personal opinion. Your own results in the stock market or with any type of investment may not be typical and may vary from person to person. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions.
What's up boys and girls quick update video about palantir wide surging? What's going on two minutes on the clock start the clock. Now i don't want to make a 15 minute video just for the ad revenue of a two minute video so, as you might have noticed, palantir surged in after hours 14. After closing, now it closed at 23 and after hours, it went by 14. Now in pre-market.
The spike is a little bit tamed down a little bit reduced, but it's still up about nine percent. As of the making of this video about 25.3 dollars per share, the question is why so here's the thing i tweeted about this literally three days ago, real conviction, translate into confidence. If you invest in high conviction, stocks you'll never have a stressful day in your life. Again, which is why i never stressed through the volunteer demise while everybody was bleeding, i was having my ties on my porch waiting for it to go back up now.
What actually happened is that palantir won an 823 million government contract with the us army, essentially providing it with the gotham system. Now a few things i want to clarify that you won't hear in those videos. You know people rush out to make a video. I want to be first, i want to be first, they make a 15 video video, basically not saying anything, not doing any research.
So here's 60 seconds about everything you need to know about this contract. So it's a contract with the army bottom line, provide gotham to the army, nothing complicated beyond that minimum payment will be three and a half million maximum payment. 823 million. There's no guarantees beyond that.
So nobody knows the extent of this contract below 30 and a half or above 823. It cannot go, but it's going to be within that range. So when they say an 823 million contract, they mean maximum potential. But you can see the range on the screen right now.
It's anywhere in between now the base period for this contract is four years, there's an option embedded in the rfp, which actually came out 2019 we're going to talk about in a second for another three years. So the period will be four to seven years. I personally estimate that it's going to be more than seven years, because we know how sticky that underlying service of planetary is so i think it's gon na be higher than seven years now. I do want to eliminate a little bit of hype.
This is not a new contract. None of these videos on youtube will tell you that this is not a new contract. The rfp was in 2019, the army selected palantir, along with another company in february this year. So, eight months ago, this is not a new contract.
Don't be fooled by the hype. However, however, this is huge because it has networking effects. The army is going to actually work on. This valentine may get new networking effects with other branches, more government business.
So it's a huge deal, but not new now. My conclusion, based on this is very simple. This is another evidence of something i've been saying again and again. The 30 annual growth seems like it's sandbagging. It's way too low based on the existing backlog of contracts. They have right now, plus whatever they come out from this contract. I can see a 40 to 50 annual growth for the next five years, which, in my opinion, justifies the 30 to 35 dollar price target. I have for this, so i don't see it as just hype.
This is real, however, be careful not to get caught up in the hype. This is not a 150 stock today, 30 to 35 dollars. For me, it's a buy again, not a financial advisor. This is just my opinion.
Please do your own research again, i'm not a financial advisor. This is just my opinion. Do your own research find out for yourself if this is good stuff, for you, two minutes on the clock and i'm out, of course, if you want to support the channel feel free to join the patreon or the channel memberships, it's five bucks a month, and it Will allow them to make more content like this i'll see you tomorrow.
Great vid Tom, thanks for always bringing great info. One question. Is that $820m the cap of the 4 year contract, without the extension, or is it the cap of the full 7 years.
The model Y has the potential once the standard range model is released, combined with a tax credit, it could become the best selling car, the are everywhere here in OR where we have a 5k credit and no sales tax
Already maxed out for my risk tolerance. But if goes to 20 will be compelling to buy more.
the only reason i haven't bought more PLTR is because i'm running iron condors on Tesla and its paying me too much money to quit that play.
30-35 as current price target is high but defendable i guess. i would say 25-30 right now maybe turning the corner at 30 the end of this year
hello tom can you tell us your name on the Etoro platform? 😉 TY
Tom, you have to make a video talking about the debt ceiling, what happens if we increase our debt limit, what happens if we keep printing money and what would happen in cause of a default.
You are on point Tom, really love your madman rambling… keep up the honest nonbiased analysis, it is much appreciated 👍
would you consider doiung a video showing how you go about the process of researching companies/stocks and how you make decisions on risk? The micro information?
The real question no one is asking is what’s Dan Loeb’s overall view on Palantir and with his Palantir winnings will he leverage his role with Berkshire to wage in deeper with the company? That could be the gateway catalyst for retail long term adoption and possibly quicken a path to a legit trillion dollar valuation.
Nice video! Any idea why it drop back to $23 yesterday?
People where saying PLTR will end around 40 if not more at the end of the year.. seems even 30 is far off.
You have the most honest most researched information on YouTube about financials I love it I love the channel thank you so much for doing the research for us either lazy or busy people my case I work 12 hours a day I don't know the time to look into the stuff you do so thank you for this Mr Tom
Thanks for keeping it real. I hate all the fear and hype of the MSM.
Tom, what do you think about today? I understand a 13% run up over night is unrealistic but it gave it almost all the way back today with an otherwise strong market? Retail bag holders exiting trades? I’d imagine most longs with an average at or above $25 are getting shaken out
I had a order in for 100 more shares at $23.00 it closed at $23.07 dang it…
First person that comes to mind is meet Kevin. Always making long videos with multiple ads in them. Really enjoyed this video. Thanks Tom
PALANTIR TO THE MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON!!!!!!!!!
When PLTR drops below $25, the only smart move possible is to buy more. We blitz all night!!! Shoutout to Rember The Titans (GF Movie)
Ty Tom. You are part of my research and from what I see PLTR is an excellent long term stock. You just simply confirmed my findings.
Hello Tom! I been watching your videos from a while now and I really enjoy it. Could you please make a video on NIO. I want your thoughts on it and its future prospects.
I topped up last week on PLTR nice hard hitting info advice big thanks Tom you can have the day get some vodka down you with Grandad 👴
I love these short, no bullshit videos. Keep it up Tom!
It won big contract and pulled back to 23$ 🙄🙄😏
Thank you for the quality of the information over the quantity, you and this channel are a gem 💎
Palantir looks so promising, It have already found a place in my portfolio
All pre-market gains are gone in under an hour.
Thanks for the "subtle" reference Tom😂😅
As usual Tom's right also this company will be too woven in soon to not be high conviction
Awesome Content as always!!! keep up the good work!
Do you mean that with the annual growth of this year PLTR will theoretically go to 30$ this year? Or is it just a reference for you to keep on buying under that price? Im still learning a lot in the investing world. Thanks ahead for your response!
YES!!! Tom you are the only one who noted the contract was generated in 2019!!! and the quarterly max is around $30m. I estimated the support level rise of $1-3 to ~$25-26. I submitted put sells to collect more shares!!! =) Good to see that you bring the correct details! Thanks Thanks Thanks!
Thanks Tom. So it looks like Palantir is being less than clear in its press release. That's disappointing.
Straight to the point, concise & jam-packed full of info. Thanks as always Tom 👏