PLTR - Palantir: Isolated AI Benefits Aren't Enough
2024-05-12 20:00:00 ET
Summary
- Palantir's revenue growth is not meeting sky-high expectations, causing concern over its stock price.
- The AI software business isn't booming, with isolated benefits to only the small U.S. Commercial sector.
- The stock has an excessive valuation at 16x forward EV/S targets for only 20% growth.
Palantir Technologies ( PLTR ) slumped following earnings, but the AI software company has a lot of reasons for excitement over the long term. The issue is that Palantir still isn't delivering the type of revenue growth to warrant the current stock price. My investment thesis remains Bearish on the stock, even after the dip following earnings....
Palantir: Isolated AI Benefits Aren't Enough