PLTR - Palantir: Continued Strength Marred By Weak Spots
2024-06-11 10:31:12 ET
Summary
- Palantir reported reasonably strong Q1 results, but growth appears to have fallen short of investor expectations.
- There is uncertainty surrounding enterprise software demand due to mixed results from other software companies. Palantir's exposure to AI may be insulating it from this.
- Palantir's valuation is high, and macro headwinds pose a risk despite the company's strong fundamentals.
Palantir ( PLTR ) reported reasonably strong results in the first quarter, although growth fell short of elevated investor expectations. Deal volumes and the increase in RPO were also potentially points for concern, which may just be the result of seasonal weakness. Overall, Palantir appears to be one of the few companies genuinely benefiting from the surge in interest in AI but its valuation more than accounts for the robust demand....
Palantir: Continued Strength Marred By Weak Spots