Optimistic on PLTR; buy recommendation triggered by reaching support at 164, with a caveat that free cash flow yield is ~1%.

We previously mentioned buy recommendations for Palointer and Tesla shares, but there is a logic behind that, which reflects some of this caution, even though they also have a valid point about the hardware sector.

Instead, as we mentioned this morning , rather than buying devices when their price drops, we recommend buying Palunteer because it has reached the support level we identified.

But if we move to the Palunteer platform, which is the platform we relied on in our initial assessment this morning, we will find that we came very close to the support line at 164, with a difference of only $1 and 40 seconds.

This is a positive sign for today , especially with selling pressure on Snowflake stock.

While I am optimistic about Palontaire, I want to point out that their free cash flow yield is around 1%.