On $PLTR's Q3 Earnings Bounce
Considering the current $PLTR levels hovering around 155.92, my lean is that we see a retest of the recent intra-day high around 158, if not pushing to 160, post-Q3 earnings release. The consolidation around this range suggests accumulation, and while nothing's certain, I'd put the probability of seeing $PLTR trade above 160 by month-end at roughly 60%. The catalyst would likely be any positive surprises in their government contract segment or stronger-than-expected commercial growth, given the current macro backdrop.
A 60% probability for a 160 by month-end seems a bit optimistic, given the current macro environment and the stock's recent volatility after earnings. Are you factoring in potential market-wide headwinds?