PLTR - Palantir: Still Tons Of Upside

2024-05-01 07:10:00 ET

Summary

• Palantir's stock is up 13% since our bullish call in November, in line with the S&P 500, but we think there's still potential for the stock to double by 2027.
• The company's strong financial performance, growth potential, and potentially durable premium valuation support this outlook.
• Recent developments, such as strong Q4 earnings and accelerating sales growth, further reinforce the positive story for Palantir.
• As Operating Margins continue to improve and AI demand drives results, we think organic financial growth could send shares to $50, assuming a stable sales multiple.
• We re-iterate our 'Strong Buy' rating on the stock.

Last November, we penned an article titled: " Palantir: $50 Per Share Is Not Unreasonable " ( PLTR ).

In it, we covered the company and talked about how we think that the stock could increase to $50 per share in the coming years, assuming stable revenue trends, reduced dilution, and a stable multiple, all of which seemed like reasonable expectations at the time....

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