+ 0.00
+ 0%
+ 0.00
+ 0%
+ 0.00
+ 0%
+ 0.00
+ 0%
+ 0.00
+ 0%

Will Palantir Or IBM Stock Grow More By 2022?

December 9, 2020 7:45 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Will Palantir Or IBM Stock Grow More By 2022?

Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

We surveyed a group of over 300 Benzinga investors on whether shares of Palantir (NYSE:PLTR) or IBM (NYSE:IBM) stock would grow the most by 2022.

Palantir Vs. IBM Stock

It’s no secret Palantir delivers big data analytics software solutions to United States government projects. Palantir released its Gotham software platform in 2008, which is the platform that primarily focuses on providing data analytics solutions to the U.S. government’s intelligence and defense sectors.

Palantir also provides non-government organizations with solutions to manage large disparate data sets in an attempt to gain insight and drive operational outcomes. 

Meanwhile, a breakdown of IBM’s revenues shows the company primarily sells infrastructure services (37% of revenue), software (29% of revenue), IT services (23% of revenue) and hardware (8% of revenues). 

As a management consultant company, IBM's outward impact is substantial. It's estimated IBM manages 90% of all credit card transactions globally and is responsible for 50% of all wireless connections in the world. Today, IBM operates in 175 countries and employs approximately 350,000 people.

Just over 65% of traders and investors told us shares of Palantir would grow more by 2022, while 34% of respondents said IBM will grow more over the next year.

While many respondents respect IBM's undeniable impact in cloud and enterprise software services, many are attracted to the mission-driven mindset Palantir has in augmenting human intelligence. 

“IBM is a company that has earned the respect of its peers the world over," said one respondent. "In their history they’ve went almost seamlessly from engineering business machines to manufacturing among the most superior analog computers. IBM is, yes, still highly innovative, but Palantir has the luxury to begin anew if its curiosity is piqued by a new technology."

To see how IBM stock has performed during waves of massive growth and adoption of internet services, here’s how much investing $1,000 in IBM at the peak of the dot-com bubble would be worth today.

Benzinga has been breaking actionable financial news and curating high-quality financial data sets since 2009. Learn more today about receiving stock and market data through APIs. 

This survey was conducted by Benzinga in December 2020 and included the responses of a diverse population of adults 18 or older.

Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 300 adults.

Related Articles

How Are Airlines Preparing For Renewed Interest In Travel After Pandemic?

Pandemic-hit airlines have been among the few sectors that have been left out of the bull market. But their time may be coming, as pent-up demand meets a reopening economy. To prepare, companies have been using the downtime to develop technology and expand their customer bases. read more

Why Stephanie Link Is A Buyer Of IBM

On CNBC's "Closing Bell," Stephanie Link said she's not worried about declining software revenue in IBM (NYSE: IBM) because she thinks a lot of bad news is already priced in. read more

How To Trade Netflix Ahead Of Its Earnings Report Using Options

The following originally appeared on Options AI read more

Tesla, SPACs 'May Struggle,' Natural Gas To Shine In 2021: Bill Gross

Bond king Bill Gross released his market outlook for 2021 — betting on a change in thought to the market’s high-flying stocks. read more