PLTR - Palantir: Quality Comes At A Price
2024-04-08 15:39:32 ET
Summary
- Palantir Technologies Inc. is up 30% year-to-date — the rally was largely driven by AIP.
- The company also closed the most number of deals in a single quarter.
- The Commercial segment is still in its early innings, as AIP gains momentum.
- So is the Government segment — software only makes up 0.015% of the Army's budget.
- Despite its rich valuation, I think there's more upside ahead for Palantir stock.
Introduction
Palantir Technologies Inc. ( PLTR ) is a big data analytics firm that is building the foundational software of tomorrow, helping enterprises integrate and optimize data, decisions, and operations at scale.
It is one of the best-performing stocks this year, up nearly 34% as of this writing. That didn't come as a surprise to me, since I was pretty bullish on Palantir as we entered 2024.
Despite the stock's great start to the year, there are plenty of reasons to believe that there's more upside for Palantir stock for the rest of 2024 and beyond....
Palantir: Quality Comes At A Price