Retail investors prop up Palantir as Wall Street balks at valuation

Palantir’s PLTR stock has managed to hold steady throughout the year, even as Wall Street kept warning that the price looks stretched, thanks to retail investors who continue their habit of doing the opposite of what smart money wants. Kyle Dijamco, a 31-year-old marketer based in Los Angeles, sits right in the middle of that crowd. He holds about $25,000 worth of Palantir shares. He added to that position earlier this year after the stock pulled back. “It’s an exciting stock to own,” Kyle said. His bet reflects a wider trend among small investors who kept buying even when the stock slipped. Retail investors pour billions into Palantir despite valuation warnings Retail investors are on track to buy literally $8 billion worth of Palantir’s stock on a net basis as of press time, which is an increase of over 80% in a year and more than 400% rally compared from...

https://www.cryptopolitan.com/palantir-stock-steady-on-retail-investors/