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sofi technologies sofi stock and upstart ups t stock we will begin by talking about palantir's price target upgrade and their amazing future financial forecasts that were estimated by analysts followed by why we should not pay attention to the bearish outlook on this company then we will discuss three reasons why investors are buying up sofi stock right now and why their stock price has been upgraded by analysts lastly we will briefly touch on upstart to determine if this stock is if you want more palantir sofi or upstart stock news updates comment down below which stock is your favorite out of these three you probably know that palantir is a data mining data analytics and operating system developer for both commercial and government clients but you may not have heard of how palantir is now set to reach 38.81 due to their new projected free cash flow estimates but before we jump into that let's start off with palantir's new projected revenues according to analysts palantir's revenues will increase to two billion dollars in 2022 and at 2.56 billion dollars in 2023 which is fantastic news because palantir has a 30 free cash flow margin metric which means that they will bring in 768 million dollars worth of free cash flow which we can use to estimate our price target by using the standard 1 fcf yield we simply have to divide 768 million by one percent to arrive at palantir's projected market capitalization of 76.8 billion dollars by 2023.
this would represent around a 67 increase from palantir's current market cap and stock price which will give us the price prediction of 38.81 and that's going to be a fantastic price target and i'll talk more about that later now although the pltr stock price may be trading sideways or even falling right now the value of the company is still increasing even though the stock price is decreasing which just provides us and long-term holders a better buying opportunity either to add more of this stock to our portfolio or to get into the stock if you aren't already now if you think the price prediction of 38.81 is low for a 2023 price target that still represents an average annual return of 29.54 annually for two years which beats the average returns of all the major indexes like the s p 500 so these are significant returns for long-term investors which means now may be a good time to either scoop up more shares or determine not to buy because you are already too overexposed to a single stock palantir is a company that has dependable growth and stable free cash flows which to me makes this company worth owning or at least looking further into by the end of 2021 palantir is supposed to bring in a whole 1.53 billion dollars however i think it will bring in slightly more than that estimate palantir has beaten their earnings forecasts by analysts time and time again and i think for the next few years we could see many more earnings beats due to their consistent revenues from government contracts as well as large commercial enterprises i'm excited to see that the cfa and the author of this article along with some analysts are agreeing with me that palantir has safety in their government contracts due to their sticky software but their true revenue builder and value is actually going to come from their commercial segment just listen to this in quarter three palantir increased their business revenue by 37 to 174 million dollars which beats the estimate by analysts of 148.6 million dollars and year over year palantir increased their commercial revenues by a hundred and three percent and this year they have increased their commercial client base by 135 percent so these are staggering numbers and it's only a matter of time before their commercial revenue becomes their main money maker the bottom line is that palantir has very strong financials which includes palantir technology having around 2.3 billion dollars worth of cash or cash equivalents on their balance sheet and no debt which should really excite investors because i think palantir is going to be a major player in big data now let's talk about sofi technologies ticker symbol sofi and three reasons why investors are loading up on the stock first off sofi has produced five quarters in a row where they brought in positive ebi tda which stands for earnings before interest tax depreciation and amortization which is extremely good news for the company and their stock price sofi has been growing their customer base at an astonishing rate because their members have grown by 96 percent year over year by adding 377 000 new members and as you can see from the graph on screen that is absolutely amazing and we see this great positive slope that should continue to slope upwards for the next few quarters according to modern projections and estimates the ceo of sofi seems to be extraordinarily excited about the company's performance because he says this and i quote i believe we have accomplished more at sofi across our uniquely diversified platform of mobile first financial services products over the past year than many other companies will achieve in a lifetime end quote and honestly i totally agree with them sofi has positioned themselves to literally put their finger in every pie of the financial market which exposes them to a huge addressable market the article goes on to say this and i quote regarding guidance the management team expects growth acceleration in q4 with revenues up between 49 and 55 and ebi tda of 2 million dollars to 5 million this was yet another data point supporting the growth story that sofi bulls had probably been looking for end quote as you probably already know they also acquired galileo which is actually why i bought into this company sofi technologies acquired galileo in a 1.2 billion deal which has paid off handsomely for sofi because galileo accounts have been increasing at an extraordinary rate to where they have reached 89 million accounts and again we see this beautiful positive slope that should continue to trend upward but by far many people are waiting on a huge sofi catalyst which is their bank charter which will enable sofi to accept client deposits just like a regular bank and sofi has already announced its agreement to acquire golden pacific ban corp which just puts them one step closer to this and the article quotes we believe that by pursuing a national bank charter we will be able to help even more people get their money right with enhanced value and more products and services says their ceo the article says this will help sofi expand their ability to lend it will lower their cost of capital so fi will have less reliance on other financial institutions and they will have better loan margins also sofi stock has been upgraded to a stock price prediction of 30 dollars per share which is also amazing news and the reason for this price target upgrade was due to their earnings report numbers which showed great growth in new customers as well as great momentum especially when it comes to their products and their demands for them to add on even more good news the number of analysts that used to cover this stock has increased since july when only two analysts covered the stock which they both gave it a moderate buy rating however now according to analysts that were surveyed by tip ranks six analysts in total covered the stock that were surveyed and five of them say that sofi is a buy and one says to hold it the analysts price targets range from nineteen dollars per share on the low end and thirty dollars per share on the high end but with the stock's fair value price coming in at around twenty two dollars per share if your average cost for the stock is below that then i would say you are in a pretty good position we should also keep our eye on upstart stock ticker symbol upst which is a company that uses ai technology to determine who lenders should lend money to instead of the traditional route of determining who can get low interest loans which is mostly dictated by credit score this company looks great because in the second quarter its revenues grew by one thousand and eighteen percent and then it grew again by another 250 percent the next quarter which is absolutely amazing however this has created a buying frenzy for the stock which has recently pulled back and should definitely be at least on a watch list because the company is pulling in revenues left and right and here's what i mean the company initially projected to take in 500 million dollars of revenue for the year and then they upped that target to 600 million dollars then they increased it again to 750 million dollars and now they are forecasting to bring in 800 million dollars when all is said and done upstart is a very rare hyper growth stock but if you buy it now you are paying a lot of money and a huge premium for the stock because they are extremely overpriced compared to their earnings multiple of around 170 however with that being said they are a profitable company which is amazing news and they are scaling very nicely and very quickly because the company's earnings per share is set to be one dollar and 52 cents per share for 2021 and by 2022 their eps is set to be 3.61 cents which would represent a 560 increase from 2020.
now i don't know where this stock is going in the short term but i am keeping my eye on a good deal if this stock dips low enough because i think the addressable market of this company is astounding but i want to hear your thoughts comment your thoughts down below in the comments section
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