PLTR - Palantir Stock: No Dip - No Problem!
2024-04-09 17:50:18 ET
Summary
- Palantir stock is up 34% YTD and 174% YoY, and I'm seeing more investors who seem to be waiting for a dip to buy. I don't think it's worth waiting.
- Palantir's revenue growth accelerated in the final quarter of 2023 against the backdrop of increasing margins - the AIP bootcamps opened up a new TAM opportunity.
- PLTR's dependence on SBC, which was previously a pressing issue for the company, has decreased meaningfully.
- I expect that the EPS figures priced in today will most likely turn out to be too low, despite the implied EPS growth of over 17% CAGR for the next 10 years.
- I conclude that investors who are wary of buying Palantir at current highs could face a serious opportunity cost if the company beats current consensus forecasts for EPS and revenue in Q1 2024.
My Thesis
It has been 3 months since the publication of my first and previously only article on Palantir Technologies ( PLTR ) and the stock has managed to grow significantly on the back of its strong report, the details of which I'm going to analyze today....
Palantir Stock: No Dip - No Problem!