Peter Thiel-Backed Stock To Surge 290%, Emerge As Generational Tech Stock, Says Investor Dan Ives
The Global Head of Technology Research on Wedbush Securities, Dan Ives, is leaning against Palantir Technologies' software software (Pltr).
In a new interview with CNBC, Ives Says The market cap of Palantir Technologies can be akyrocket of about 290% from the current level for a few years.
“I believe it's going to the $ 1 trillion market cap in the next two to three years. These numbers just show, I think, 'let's go out.' It's still in the first days of playing. “
As close as the Monday market, Palantir Technologies traded at $ 108 and has a market cap of approximately $ 256 billion.
While comparing Palantir Technologies to Soccer superstar Lionel Messi, Ives defends the appreciation of the software analytics firm, saying that it has been justified by growth opportunities.
“If you go back to the last few years, I mean they hated it for $ 10, despised it at $ 100 and that would be the ongoing dispute of appreciation.
If you look at what happened to the revolution of artificial intelligence (AI), $ 2 trillion of spending over the next three years. On the software side, this is their world, everyone is paying rent, the income is on Palanter.
So my point of view is that you only look at the appreciation, and if you come back, you will miss every stock of transformational tech for the last 20 years. If you just focus on appreciation, where is it for the next two, three, four or five years?
And I looked at what [CEO Alex] Karp's work in Palatir is generational. But again, the haters would hate, I got it. Appreciation. Check the box. You look at these numbers, to me, I think it's another kind of table moment, you know, for what I'm looking at as Ai's Messi, Palanteir. “
Billionaire venture capitalist Peter Thiel Nagamay -owner About 4.5% of Palanteir Technologies, according to financial data firm Fintel.
https://www.youtube.com/watch?v=M4EI8Obx2ry
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