Palantir
Started by Silicon Valley legend Peter Thiel, this company may offer the largest upside potential of all the stocks in this group, and it is also a takeover candidate. Palantir Technologies Inc. (NYSE: PLTR) builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations.
Palantir Gotham is the company’s software platform for government operatives in the defense and intelligence sectors that enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.
The company also provides Palantir Foundry, a platform that transforms the ways organizations operate by creating a central operating system for their data, and it allows individual users to integrate and analyze the data they need in one place.
Raymond James has a Strong Buy rating on Palantir Technologies stock, and its $15 target price is a Wall Street high. The consensus target is $9.43, and shares traded on Friday at $7.30 apiece.
Riot Platforms
This well-known crypto miner (formerly known as Riot Blockchain) has seen its shares destroyed, and for those still positive on digital currencies, it may be a goldmine. Riot Platforms Inc. (NASDAQ: RIOT) focuses on bitcoin mining operations in North America. It operates through Bitcoin Mining, Data Center Hosting and Electrical Products and Engineering segments.
After the massive blow-up of FTX, many of the top bitcoin miners have been absolutely destroyed, and Riot Blockchain is one of the few companies that many experts in the crypto arena feel can survive this sector destruction. Some have gone as far as to say that, given the company’s micro-cap status (the market cap is only $766 million), it may be a strong takeover candidate for a larger entity looking to enter the crypto world or increase its current holdings.
BTIG Research’s target price is $12. Riot Platforms stock has a consensus target of $10.30. On Friday, the stock traded at $5.15 a share.
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