Billionaire Peter Thiel’s Palantir pops — three more of his ideas that could soar next
These three Thiel stocks can surge at any moment
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Whatever Peter Thiel touches seems to turn to gold.
The billionaire venture capitalist co-founded PayPal, was the first outside investor in Facebook, and provided early funding for LinkedIn, Yelp, and dozens of other tech startups.
In September of 2020, data mining specialist Palantir Technologies — another company he co-founded — went public through a direct listing at US$10 per share. Palantir now trades at around US$24 per share and is currently enjoying a nice little pop on the news that it won a US$823 million contract with the U.S. Army.
Let’s take a look at three stocks in Thiel’s portfolio that could rally next — one of them might be worth buying with your spare change .
2020 was a big year for Peter Thiel. Three months after Palantir went public, Airbnb completed its IPO.
When the COVID-19 pandemic hit in early 2020, shares of the ride-sharing technologist Lyft took a massive nosedive. And for good reason. At a time when people were stuck at home, who needed to get around?
But with the economy having largely reopened, Lyft has regained its forward momentum. The stock is up a whopping 105 per cent over the past 12 months. In Q2, Lyft brought in US$765 million of total revenue, representing a 125 per cent increase year over year.
While Lyft runs a growing business, it’s quite a bit smaller than its competitor Uber Technologies in terms of market cap. Uber is also getting renewed investor attention, with shares up around 29 per cent over the past year.
At this point, Thiel only has a relatively small stake in social media giant Facebook . But he continues to serve as a board member — a position he has held since 2005.