PLTR - Don't Underestimate Palantir's B2B Prowess

2024-06-05 12:53:44 ET

Summary

• Palantir, a data analytics and software development company, went public in late 2020 and has experienced a volatile stock ride.
• The company develops software that analyzes data using AI models and proprietary algorithms to find inefficiencies and streamline operations.
• Palantir generates revenue through data subscription services, with customers signing long-term contracts, resulting in consistent and reliable revenue.
• Its failure to beat revenue expectations caused PLTR to be beaten down, but that presents a buying opportunity.
• Palantir expects to deliver even greater growth numbers through this year and is set up to regain that loss through beating future expectations.

Introduction

Founded by Peter Thiel (of PayPal/[[PYPL]] fame), Nathan Gettings, Joe Lonsdale, Stephen Cohen, and Alex Karp (who is still CEO) in 2003, Palantir ( PLTR ) is a data analytics and software development company out of Palo Alto, CA (and also Denver, CO). It went public in late 2020 and has had a very tumultuous ride, surging up over 300% at its peak from IPO price and then falling down to 37% below its IPO price before coming back.

Note: Palantir did a "DPO" or a direct public offering instead of an IPO. For this article, the difference isn't relevant so I am going to be using "IPO" to avoid confusion. ...

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